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Property profile & analytics
FOR LEASE
Community centers
5335 N Military Trl West Palm Beach, FL 33407
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1782865
For Lease
1 / 29
$25 SF/Yr
5335 N Military Trl, West Palm Beach, FL 33407
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
CONCRETE
Total area
36,200 SF
Lot
13.85 ac (603,406 SF)
Zoning code
CPD
APN
74-42-43-01-15-000-0010
UPID
US18-1782865
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
-
United Group Elite Agency Insurance Agency
-
JN Money Agent Foodtown Bank Credit Union
-
Soaphia Laundry Centers (Bike/Boat/Book/etc) Store
-
Nutrition & More Physician
-
Ups Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.00M
Comparable Approach
Comparable
$6.51M
Blend (final)
Blend
$8.05M
Owner & transaction history
5335 North Military LLC · 14 yrs held
5335 North Military LLC
since 2011
6 recorded transactions
Zoning & alternative use
CPD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,750,000
6.5%
$9,000,000
7%
$8,355,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,655,000
Current use
Blend value · Realmo final
$8.05M
Range $7.24M – $8.85M · ±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
$222 / 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
$324,803
Tax year 2023
Assessed value
$14,284,681
Assessed 2023
Previous assessed
$14,000,000
+2.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$5,068,602
Assessed improvement
$9,216,079
Land market value
$5,068,602
Improvement market value
$9,216,079
Total market value
$14,284,681
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
36,200 SF
Lot
13.85 ac (603,406 SF)
Zoning code
CPD
APN
74-42-43-01-15-000-0010
UPID
US18-1782865
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
13.85 ac
Current owner
From public records · entity-resolved
5335 North Military LLC
Entity
Free & Clear · 14 yrs held
Mailing address
222 LAKEVIEW AVE PH #5, WEST PALM BEACH, FL 33401-6151
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2011
$5,985,000
5335 North Military LLC
Csmc 2007-c1 Military Retail L
Grant Deed
—
Feb 2, 2011
$1,450,100
2007-c1 Military Retail L Csmc
Mdc South Wind Ltd Coc
Trustees Deed
—
Oct 6, 1999
$6,731,800
Mdc South Wind Ltd
Southwind Plaza Investors Ltd
Grant Deed
related
—
Mar 7, 1997
$4,750,000
Southwind Plaza Investors Ltd
Lennar Florida Retail IV Qa
Grant Deed
$4,000,000 · Banc One Commerical Loan
—
—
Mdc South Wind Ltd
—
Deed Of Trust
related
$3,607,534 · Capmark Bank
—
—
5335 North Military LLC
—
Deed Of Trust
related
$4,000,000 · Florida Cmnty Bk
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?”
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