New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
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
$1.16M
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
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
$1.16M
Range $1.04M – $1.27M · ±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
$428 / 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, FL
Zoning 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
West Palm Beach. Always verify with local authorities before improvements.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 510 43rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
