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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Distribution centers
5303 Ee Ave Mangonia Park, FL 33407-2353
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3105318
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Construction
STEEL FRAME
Total area
7,650 SF
Lot
2.94 ac (127,892 SF)
Zoning code
I
APN
44-43-43-05-22-000-0150
UPID
US18-3105318
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
$2.47M
Blend (final)
Blend
$2.22M
Owner & transaction history
Garner Leasing Group LLC · 9 yrs held
Garner Leasing Group LLC
since 2017
1 recorded transaction
Zoning & alternative use
I · Mangonia Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.3M
+11.5%
Industrial (general)
$3.2M
+8.9%
Retail stores
$3.2M
+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 Mangonia Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mangonia Park 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,935,000
Current use
COMMERCIAL (GENERAL)
$3,270,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,195,000
Change: +9% · Conversion: Easy
RETAIL STORES
$3,175,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±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
$290 / 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
$38,690
Tax year 2023
Assessed value
$1,710,882
Assessed 2023
Previous assessed
$1,531,255
+11.7% YoY
Effective rate
2.26%
On assessed value
Assessed land
$887,557
Assessed improvement
$823,325
Land market value
$887,557
Improvement market value
$823,325
Total market value
$1,710,882
Applied tax rate
44,407.0000
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
1982
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,650 SF
Lot
2.94 ac (127,892 SF)
Zoning code
I
APN
44-43-43-05-22-000-0150
UPID
US18-3105318
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · Mangonia Park, FLZoning I · permitted uses
I · Mangonia Park, 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 to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$3.2M
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
1982
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Garner Leasing Group LLC
Entity
Free & Clear · 9 yrs held
Mailing address
972 N MAIN ST NW, CONYERS, GA 30012-4457
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jan 3, 2017
—
Garner Leasing Group LLC
Garner,susan
Quit Claim Deed
related
—
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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