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Property profile & analytics
OFF-MARKET
Estimated value
$13,790,000
Medical Office Space
5408 Ee Ave West Palm Beach, FL 33407-2344
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4203985
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
CONCRETE
Total area
15,404 SF
Lot
2.47 ac (107,741 SF)
Zoning code
CS
APN
74-43-43-04-00-000-3090
UPID
US18-4203985
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
-
Mandala Healing Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.76M
Blend (final)
Blend
$13.79M
Owner & transaction history
5400 West Palm LLC · 6 yrs held
5400 West Palm LLC
since 2020
Last sale
$14.0M
4 recorded transactions
Zoning & alternative use
CS · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.8M
+41.3%
Apartment house (5+ units)
$9.2M
+10.1%
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
$14,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,335,000
Current use
RESTAURANT
$11,780,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,175,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$13.79M
Range $12.41M – $15.17M · ±10% · vs last sale $14.00M (Jan 31 2020)
Last sale anchor
$14.00M
Jan 31 2020
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
$895 / 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
$122,441
Tax year 2023
Assessed value
$5,550,610
Assessed 2023
Previous assessed
$5,388,042
+3.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,348,942
Assessed improvement
$4,201,668
Land market value
$1,348,942
Improvement market value
$4,201,668
Total market value
$5,550,610
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
15,404 SF
Lot
2.47 ac (107,741 SF)
Zoning code
CS
APN
74-43-43-04-00-000-3090
UPID
US18-4203985
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CS · West Palm Beach, FL
Zoning CS · permitted uses
CS · 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
MEDICAL BUILDING Current
Est. value
$8.3M
RESTAURANT
Est. value
$11.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.2M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
2.47 ac
Current owner
From public records · entity-resolved
5400 West Palm LLC
Entity
Mailing address
200 MADISON AVE FL #26, NEW YORK, NY 10016-4001
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$14,000,000
5400 West Palm LLC
Arep 5400 East Avenue LLC
Special Warranty Deed
$9,900,000 · Oklahoma Fidelity Bank
Jul 7, 2016
—
Arep 5400 East Avenue LLC
—
Deed
related
$10,000,000 · Private Individual
Jun 16, 2015
$11,500,000
Arep 5400 East Avenue LLC
Comprehensive Alcoholism Rehab
Grant Deed
$9,000,000 · Ladder Cap Fin
—
—
Arep 5400 East Avenue LLC
—
Loan Modification
related
$10,000,000 · Private Individual
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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