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Property profile & analytics
OFF-MARKET
Estimated value
$3,560,000
Retail space
525 Clematis St West Palm Beach, FL 33401-5303
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5748953
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
WOOD
Total area
9,911 SF
Lot
0.35 ac (15,311 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-025-0072
UPID
US18-5748953
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
Current use
Occupant on record · Public records
-
Petezpop Palm Beach Specialty Food Shop Candy Store
-
Brian Marketing Group WPB Marketing & Advertising
-
Arterra Luxe Real Estate Agency
-
BlueIvy Communications Advertising Agency Marketing & Advertising
-
Social Visibility Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.42M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$3.56M
Owner & transaction history
Bwrefii 525 Clematis LLC · 1 yrs held
Bwrefii 525 Clematis LLC
since 2025
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
CWD-CD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.9M
+3.9%
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
$3,350,000
ML approach
$3,420,000
CAP Approach
CAP Return
Estimation
6%
$2,335,000
6.5%
$2,155,000
7%
$2,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,680,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,900,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$5,365,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,230,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,100,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.56M
Range $3.20M – $3.92M · ±10% · vs last sale $4.00M (Jan 7 2025)
Last sale anchor
$4.00M
Jan 7 2025
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
$359 / 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
$87,574
Tax year 2023
Assessed value
$4,169,176
Assessed 2023
Previous assessed
$3,888,662
+7.2% YoY
Effective rate
2.10%
On assessed value
Assessed land
$2,449,600
Assessed improvement
$1,719,576
Land market value
$2,449,600
Improvement market value
$1,719,576
Total market value
$4,169,176
Applied tax rate
84,407.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1923
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
9,911 SF
Lot
0.35 ac (15,311 SF)
Zoning code
CWD-CD
APN
74-43-43-21-01-025-0072
UPID
US18-5748953
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CWD-CD · West Palm Beach, FL
Zoning CWD-CD · permitted uses
CWD-CD · 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
RETAIL STORES Current
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1923
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Bwrefii 525 Clematis LLC
Entity
Mailing address
PO BOX 1403, WEST PALM BEACH, FL 33402-1403
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
$7,000,000
Bwrefii 525 Clematis LLC
525 Clematis LP
Special Warranty Deed
related
$3,000,000 · Evermore Bank
Jul 9, 2019
$4,000,000
525 Clematis LP
Sunfest Of Palm Beach County INC
Warranty Deed
$3,000,000 · Flagler Bank
Nov 6, 2002
$1,300,000
Sunfest Of Palm Beach County
Urban Mainstream INC
Grant Deed
$1,040,000 · Suntrust Bank NA
May 26, 1998
$840,000
Urban Mainstream INC
Via Clematis INC
Grant Deed
—
—
—
Izair Jonuzi
—
Deed Of Trust
related
$100,000 · Albert & Flamur Vogli
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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