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Property profile & analytics
OFF-MARKET
Estimated value
$5,910,000
Retail space
5500 Pga Blvd, Palm Beach Gardens, FL 33418
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-2451460
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
CONCRETE
Total area
21,216 SF
Lot
4 ac (174,423 SF)
Zoning code
MXD
APN
52-42-42-11-32-005-0000
UPID
US18-2451460
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
by Request
CAP Approach
CAP
$4.62M
Comparable Approach
Comparable
$5.37M
Blend (final)
Blend
$5.91M
Owner & transaction history
Gej Palm Beach West LLC · 7 yrs held
Gej Palm Beach West LLC
since 2018
2 recorded transactions
Zoning & alternative use
MXD · Palm Beach Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.9M
+0.6%
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 Palm Beach Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Beach Gardens 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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,000,000
6.5%
$4,615,000
7%
$4,285,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,805,000
Current use
INDUSTRIAL (GENERAL)
$8,855,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,440,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,245,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$5.91M
Range $5.32M – $6.50M · ±10%
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
$279 / 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
$189,587
Tax year 2023
Assessed value
$9,617,537
Assessed 2023
Previous assessed
$9,135,736
+5.3% YoY
Effective rate
1.97%
On assessed value
Assessed land
$2,930,290
Assessed improvement
$6,687,247
Land market value
$2,930,290
Improvement market value
$6,687,247
Total market value
$9,617,537
Applied tax rate
52,401.0000
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
21,216 SF
Lot
4 ac (174,423 SF)
Zoning code
MXD
APN
52-42-42-11-32-005-0000
UPID
US18-2451460
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MXD · Palm Beach Gardens, FL
Zoning MXD · permitted uses
MXD · Palm Beach Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.8M
INDUSTRIAL (GENERAL)
Est. value
$8.9M
WAREHOUSE, STORAGE
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$8.2M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
4 ac
Current owner
From public records · entity-resolved
Gej Palm Beach West LLC
Entity
Free & Clear · 7 yrs held
Mailing address
120 WHITE PLNS RD STE #110, TARRYTOWN, NY 10591-5522
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2018
$9,250,000
Gej Palm Beach West LLC
Lbubs 2003-c8 Pbg Retail LLC
Grant Deed
—
Nov 13, 2012
$900,100
Lbubs 2003-c8 Pbg Retail LLC
Pga Commons 1 LLC Coc
Trustees Deed
—
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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