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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Office buildings
5405 Okeechobee Blvd West Palm Beach, FL 33417-4543
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4339114
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
STEEL FRAME
Total area
32,279 SF
Lot
1.95 ac (84,846 SF)
Zoning code
CG
APN
00-42-43-23-00-000-5090
UPID
US18-4339114
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
-
Erdman Anthony Engineering Consultant
-
Specialty Surgeons of Palm Beach Medical Clinic Hospital
-
Palm Beach Vein Treatment Center Spa & Massage Center Alternative Medicine Practice
-
Dr. Daniel Pero DPM - West Palm Beach Physician
-
Good Look Ink West Palm Beach Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$3.55M
Owner & transaction history
Josephine B Sisson · 1 yrs held
Josephine B Sisson
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
CG · 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
$3,550,000
ML approach
$3,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.55M
Range $3.20M – $3.91M · ±10% · vs last sale $3.55M (Sep 12 2024)
Last sale anchor
$3.55M
Sep 12 2024
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
$110 / 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
$86,160
Tax year 2023
Assessed value
$4,937,874
Assessed 2023
Previous assessed
$4,937,874
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$1,298,977
Assessed improvement
$3,638,897
Land market value
$1,298,977
Improvement market value
$3,638,897
Total market value
$4,937,874
Applied tax rate
192.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
32,279 SF
Lot
1.95 ac (84,846 SF)
Zoning code
CG
APN
00-42-43-23-00-000-5090
UPID
US18-4339114
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Lot
1.95 ac
Current owner
From public records · entity-resolved
Josephine B Sisson
Individual
Mailing address
35 WOODSIDE DR STE #100, SOUTH WINDSOR, CT 06074-3438
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
—
Josephine B Sisson
Josephine Sisson
Deed
related
—
Jan 2, 2025
—
Nora T Kaufman
Nora T Kaufman
Deed
related
—
Sep 12, 2024
—
Doris S Kaull
Doris S Kaull
Intrafamily Transfer
related
—
Aug 1, 2019
—
Agi LLC
—
Deed
related
$1,866,980 · Seacoast Nat'l Bk
May 11, 2004
$3,550,000
Agi LLC
Teodori,pete A
Grant Deed
$2,650,000 · Fidelity Federal Bank & Trust
—
—
Agi LLC
—
Deed Of Trust
related
$2,050,000 · Seacoast Nat'l Bk
—
—
Agi LLC
—
Loan Modification
related
$1,866,980 · Seacoast Nat'l 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
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