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Property profile & analytics
OFF-MARKET
Estimated value
$11,825,000
Assisted living facilities
5101 Blue Heron Blvd Riviera Beach, FL 33418-7831
Individually Owned
14-yr Hold
Free & Clear
Property ID
US18-6189569
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2013
Construction
CONCRETE
Total area
81,767 SF
Lot
6.36 ac (277,151 SF)
Zoning code
CG
APN
56-42-42-25-41-000-0020
UPID
US18-6189569
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.09M
Blend (final)
Blend
$11.83M
Owner & transaction history
Health Care District Of Palm Bch · 14 yrs held
Health Care District Of Palm Bch
since 2011
3 recorded transactions
Zoning & alternative use
CG · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
250.15 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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.83M
Range $10.64M – $13.01M · ±10%
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
$145 / 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
Assessed value
$14,534,240
Assessed 2023
Previous assessed
$13,985,593
+3.9% YoY
Assessed land
$3,400,618
Assessed improvement
$11,133,622
Land market value
$3,400,618
Improvement market value
$11,133,622
Total market value
$14,534,240
Applied tax rate
56,401.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
81,767 SF
Lot
6.36 ac (277,151 SF)
Zoning code
CG
APN
56-42-42-25-41-000-0020
UPID
US18-6189569
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Riviera Beach, FLZoning CG · permitted uses
CG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
250.15 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
6.36 ac
Current owner
From public records · entity-resolved
Health Care District Of Palm Bch
Individual
Free & Clear · 14 yrs held
Mailing address
1515 N FLAGLER DR STE #101, WEST PALM BCH, FL 33401-3429
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2011
$4,000,000
Health Care District Of Palm Bch
Pointe West Riviera Beach INC
Grant Deed
—
—
—
Lllp 3 Gaeta
—
Deed Of Trust
related
—
—
—
Pointe West Riviera Beach INC
—
Deed Of Trust
related
$2,100,000 · Northern Trust Co
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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