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Property profile & analytics
OFF-MARKET
Estimated value
$9,395,000
Distribution centers
5163 Tylerlakes Blvd Riviera Beach, FL 33407-7001
Individually Owned
21-yr Hold
Free & Clear
Property ID
US18-5086403
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
STEEL FRAME
Total area
35,348 SF
Lot
9 ac (392,014 SF)
Zoning code
IPD
APN
74-42-43-02-07-000-0080
UPID
US18-5086403
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
$6.06M
Comparable Approach
Comparable
$11.07M
Blend (final)
Blend
$9.40M
Owner & transaction history
Frito-lay Sales Rolling · 21 yrs held
Frito-lay Sales Rolling
since 2004
1 recorded transaction
Zoning & alternative use
IPD · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.1M
+11.5%
Industrial (general)
$14.8M
+8.9%
Retail stores
$14.7M
+8.2%
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%
$6,560,000
6.5%
$6,055,000
7%
$5,625,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,555,000
Current use
COMMERCIAL (GENERAL)
$15,110,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,755,000
Change: +9% · Conversion: Easy
RETAIL STORES
$14,670,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$9.40M
Range $8.46M – $10.33M · ±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
$266 / 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
$151,504
Tax year 2023
Assessed value
$7,385,094
Assessed 2023
Previous assessed
$7,385,094
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$3,143,936
Assessed improvement
$4,241,158
Land market value
$3,143,936
Improvement market value
$4,241,158
Total market value
$7,385,094
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
35,348 SF
Lot
9 ac (392,014 SF)
Zoning code
IPD
APN
74-42-43-02-07-000-0080
UPID
US18-5086403
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IPD · Riviera Beach, FL
Zoning IPD · permitted uses
IPD · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riviera Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.6M
COMMERCIAL (GENERAL)
Est. value
$15.1M
INDUSTRIAL (GENERAL)
Est. value
$14.8M
RETAIL STORES
Est. value
$14.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
9 ac
Current owner
From public records · entity-resolved
Frito-lay Sales Rolling
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 565048, DALLAS, TX 75356-5048
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2004
$2,512,000
Frito-lay Sales Rolling
West Palm Commerce Park Ltd
Grant Deed
—
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
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