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537 Northlake Blvd, North Palm Beach, FL 33408
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Property summary
AI-generated overview
This exceptional single-tenant retail property at 537 Northlake Boulevard in North Palm Beach, Florida, presents a unique investment opportunity. The 2,000 square foot free-standing building sits on a 0.52-acre lot, offering ample space and visibility. Its convenient location at the intersection of Northlake Boulevard and Southwind Drive ensures high traffic and excellent exposure for any business. The property is currently vacant, providing immediate occupancy for a new tenant. The building is a single-story structure with no elevators, making it easily accessible and efficient. Zoned C1, this property is ideal for a variety of retail uses. The address is 537 Northlake Blvd, North Palm Beach, FL 33408. With its prime location, ample space, and convenient access, this property is poised for success. The entire 2,000 square feet is available for lease. This is a rare opportunity to acquire a well-situated retail space in a thriving Florida community. The property's size and location make it an attractive option for a variety of businesses seeking high visibility and convenient access for customers. The vacant status allows for immediate customization and occupancy, making it an ideal choice for entrepreneurs and established businesses alike.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1968
Construction
CONCRETE
Total area
2,977 SF
Lot
0.52 ac (22,860 SF)
Zoning code
C-NB
APN
68-43-42-16-05-055-0140
UPID
US18-4710015
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$445k
Owner & transaction history
since 2008
1 recorded transaction
Zoning & alternative use
C-NB · North Palm Beach, FL
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$445k
Value range
$401k – $490k
±10% around blend
Estimated value / SF
$149 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$401k
blend $445k
$490k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,977 SF
Lot area
0.52 ac
Year built
1968
Stories
1
APN
68-43-42-16-05-055-0140
Zoning
C-NB
Assessed value
$893,346
Annual tax
$15,992
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$6.92M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.0 mi away · 2,760 SF
10.9 mi away · 2,961 SF
14.1 mi away · 3,784 SF
23.4 mi away · 3,587 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$445k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 63 sales
$515
-71%
County 119 sales
$494
-70%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $149/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$893k
Move the market yield to see immediate price impact.
Value / SF
$300
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$56k
$1.13M
$804k
$625k
$63k
$1.25M
$893k
$695k
$69k
$1.38M
$983k
$764k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$5.58M
1.7 mi · Dec 2025 · $2,061/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,992
Tax year 2023
Assessed value
$893,346
Assessed 2023
Previous assessed
$704,942
+26.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$571,525
Assessed improvement
$321,821
Land market value
$571,525
Improvement market value
$321,821
Total market value
$893,346
Applied tax rate
68,401.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Status
For Lease
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,977 SF
Lot
0.52 ac (22,860 SF)
Zoning code
C-NB
APN
68-43-42-16-05-055-0140
UPID
US18-4710015
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-NB · North Palm Beach, FLZoning C-NB · permitted uses
C-NB · North Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-NB
COMMERCIAL
Jurisdiction
North Palm Beach, FL
Recorded code
C-NB
Official district
C-NB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-NB in North Palm Beach, FL.
What opens after registration
Zoning profile
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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