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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Retail space
540 Northwood Rd West Palm Beach, FL 33407-5818
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-3209427
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
WOOD
Total area
2,850 SF
Lot
0.19 ac (8,076 SF)
Zoning code
NMUD-TR
APN
74-43-43-09-05-052-0460
UPID
US18-3209427
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
-
SightCraft Eyecare and Custom Optical Physician
-
Juuuicy: Market, Vegan Food, Event Venue & More Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$911k
Blend (final)
Blend
$1.01M
Owner & transaction history
Northwood Rd LLC · 5 yrs held
Northwood Rd LLC
since 2021
Last sale
$984,000
5 recorded transactions
Zoning & alternative use
NMUD-TR · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+30.4%
Auto repair, garage
$1.5M
+24.0%
Commercial (general)
$1.2M
+3.0%
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
$1,295,000
ML approach
$1,260,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,185,000
Current use
MEDICAL BUILDING
$1,540,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,465,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,220,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,095,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $984k (Apr 8 2021)
Last sale anchor
$984k
Apr 8 2021
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
$354 / 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
$16,317
Tax year 2023
Assessed value
$750,744
Assessed 2023
Previous assessed
$658,647
+14.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$363,375
Assessed improvement
$387,369
Land market value
$363,375
Improvement market value
$387,369
Total market value
$750,744
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,850 SF
Lot
0.19 ac (8,076 SF)
Zoning code
NMUD-TR
APN
74-43-43-09-05-052-0460
UPID
US18-3209427
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NMUD-TR · West Palm Beach, FL
Zoning NMUD-TR · permitted uses
NMUD-TR · 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
$1.2M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1945
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Northwood Rd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1967 W 9TH ST, RIVIERA BEACH, FL 33404-6425
Ownership since
2021
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
Apr 8, 2021
$984,000
Northwood Rd LLC
Tjj Re LLC
Warranty Deed
—
Oct 3, 2018
—
Tjj Re LLC
—
Deed
related
$20,000 · West Palm Bch Cmnty Redev Agcy
Feb 20, 2018
$755,717
Tjj Re LLC
Rod Tinson Associates INC
Warranty Deed
$556,000 · Rod Tinson Associates INC
Mar 9, 2006
$1,210,000
West Palm Bch Cmnty Redev Agcy
Rod Tinson Association INC
Warranty Deed
—
—
—
Tjj Re LLC
—
Deed Of Trust
related
$20,000 · West Palm Bch Cmnty Redev Agcy
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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