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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Residential income homes
510 43rd St West Palm Beach, FL 33407-3847
Entity Owned
5-yr Hold
Property ID
US18-5887348
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1926
Construction
WOOD
Total area
2,699 SF
Lot
0.39 ac (16,875 SF)
Zoning code
SF7
APN
74-43-43-04-04-015-0010
UPID
US18-5887348
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.45M
Owner & transaction history
Ct 510 43rd LLC · 5 yrs held
Ct 510 43rd LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
SF7 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is for detached single family residential, solar energy systems, public safety facilities operated by public agencies
Zone name
Single Family Low Density Residential
General category
RESIDENTIAL
Zone area
1,733.87 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,450,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,605,000
Current use
MEDICAL BUILDING
$1,460,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,390,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.10M (Apr 28 2021)
Last sale anchor
$1.10M
Apr 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$537 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,759
Tax year 2023
Assessed value
$957,636
Assessed 2023
Previous assessed
$957,636
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$300,000
Assessed improvement
$657,636
Land market value
$300,000
Improvement market value
$657,636
Total market value
$957,636
Applied tax rate
74,407.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
4
Bathrooms
10
Total area
2,699 SF
Lot
0.39 ac (16,875 SF)
Zoning code
SF7
APN
74-43-43-04-04-015-0010
UPID
US18-5887348
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
SF7 · West Palm Beach, FLZoning SF7 · permitted uses
SF7 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is for detached single family residential, solar energy systems, public safety facilities operated by public agencies
Zone name
Single Family Low Density Residential
General category
RESIDENTIAL
Zone area
1,733.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1926
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Bathrooms
10
Lot
0.39 ac
Current owner
From public records · entity-resolved
Ct 510 43rd LLC
Entity
Mailing address
4512 N FLAGLER DR STE #201, WEST PALM BEACH, FL 33407-3896
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2021
—
Ct 510 43rd LLC
Corbin Turrell Real Estate Partners
Quit Claim Deed
related
—
Mar 24, 2021
$1,100,000
Corbin Turrell Real Estate Partners
Rotem Group INC
Warranty Deed
—
Apr 17, 2015
$300,000
Rotem Group INC
Pbdb510 LLC
Grant Deed
related
—
Dec 12, 2014
$300,000
Rotem Group INC
Pbdb510 LLC
Warranty Deed
—
Sep 4, 2012
$340,000
Pbdb510 LLC
Bosphorus Property Mgmt LLC
Warranty Deed
$238,000 · Craig H Deery
Dec 2, 2011
$441,000
Bosphorus Property Mgmt LLC
Blue Valley Apartments INC
Quit Claim Deed
related
—
Jul 27, 2011
$100
Blue Valley Apartments INC
LLC,bella V Coc
Trustees Deed
related
—
Jan 13, 2005
$1,250,000
Bella Vie LLC
John Malec
Warranty Deed
$812,500 · Washington Mutual Bank Fa
Oct 21, 2003
$525,000
John Malec
Hooker,michael S & James W
Grant Deed
—
Feb 29, 2000
$375,000
Mary Caulfield LLC
Recovery Residences Of The Pal
Grant Deed
—
Sep 27, 1999
$190,000
Recovery Residences Of Palm
Limehouse,richard R
Grant Deed
$200,000 · Mortgage Wholesalers Florida
—
—
Katherine F Howard
—
Deed Of Trust
related
$16,364 · Beneficial Florida INC
—
—
Alan B Jones
—
Deed Of Trust
related
$120,867 · Cendant Mortgage Corp
—
—
Pbdb510 LLC
—
Deed Of Trust
related
$238,000 · Palm Beach Community Bank
—
—
Bella Vie LLC
—
Deed Of Trust
related
$1,250,000 · Greystone Servicing Corp
—
—
Frank Tobias
—
Deed Of Trust
related
$90,000 · Florida Aircraft FCU
—
—
Mary G Caulfield LLC
—
Deed Of Trust
related
$250,000 · Advantage Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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