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Property profile & analytics
OFF-MARKET
Estimated value
$7,090,000
Showrooms
5490 Dexter Way Mangonia Park, FL 33407-2219
Entity Owned
~
Est. High Equity
Property ID
US18-5096553
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1981
Construction
CONCRETE
Total area
8,800 SF
Lot
5.3 ac (230,938 SF)
Zoning code
I
APN
44-43-43-05-00-009-0060
UPID
US18-5096553
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.22M
Blend (final)
Blend
$7.09M
Owner & transaction history
Wp Portfolio Property Owner LLC
Wp Portfolio Property Owner LLC
since 2025
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
I · Mangonia Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.7M
+78.9%
Apartment house (5+ units)
$5.2M
+39.3%
Medical building
$4.8M
+26.6%
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 Mangonia Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mangonia Park 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
$6,920,000
ML approach
$7,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,730,000
Change: +79% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,240,000
Change: +39% · Conversion: Moderate
MEDICAL BUILDING
$4,760,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,530,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$7.09M
Range $6.38M – $7.80M · ±10% · vs last sale $7.32M (Jun 17 2021)
Last sale anchor
$7.32M
Jun 17 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
$806 / 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
$182,138
Tax year 2023
Assessed value
$7,364,212
Assessed 2023
Previous assessed
$6,388,765
+15.3% YoY
Effective rate
2.47%
On assessed value
Assessed land
$1,602,717
Assessed improvement
$5,761,495
Land market value
$1,602,717
Improvement market value
$5,761,495
Total market value
$7,364,212
Applied tax rate
44,407.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
8,800 SF
Lot
5.3 ac (230,938 SF)
Zoning code
I
APN
44-43-43-05-00-009-0060
UPID
US18-5096553
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · Mangonia Park, FLZoning I · permitted uses
I · Mangonia Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
5.3 ac
Current owner
From public records · entity-resolved
Wp Portfolio Property Owner LLC
Entity
Mailing address
7071 W COMMERCIAL BLVD STE 2A, LAUDERHILL, FL 33319-2143
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
Nov 7, 2025
$20,845,804
Wp Portfolio Property Owner LLC
Dexter Way LLC
Special Warranty Deed
$28,976,000 · Nicola Usmf Sound Point LP
Jun 17, 2021
$7,320,065
Dexter Way LLC
Florida Industrial Park Acquisition
Special Warranty Deed
—
Jun 14, 2017
$6,612,000
Florida Industrial Park Acquisition
Sl Mongonia Commerce Park LLC
Special Warranty Deed
—
Nov 3, 2016
—
Sl Mangonia Commerce Park LLC
Keller Fred
Grant Deed
$2,912,000 · Investors Bank
Nov 3, 2016
$4,936,250
Sl Mangonia Commerce Park LLC
Land Trust 1029
Grant Deed
related
—
Jan 27, 2012
—
Fred Keller
—
Deed Of Trust
related
$3,141,143 · Grand Bank & Trust Of Florida
Jun 21, 2000
$2,175,000
Fred Keller Trustee
Dabco Ltd
Grant Deed
$2,400,000 · Fidelity Fed'l Bank & Trust
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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