Entity Owned Property summary
AI-generated overview
This exceptional 22,812 square foot mixed-use property in West Palm Beach, Florida, presents a compelling redevelopment opportunity. Located at 5501 Broadway, within the Broadway Corridor Community Redevelopment Area (CRA), this single-story, 1955-built building offers significant potential. Current zoning permits the construction of a three-story building, allowing for a flexible development plan incorporating residential, commercial, and retail spaces. The property boasts high traffic visibility and benefits from the strong growth potential inherent in its location within the designated CRA. Further enhancing its appeal is its designation as an Opportunity Zone, providing substantial tax incentives and development advantages for investors. This strategic location, coupled with favorable zoning regulations, makes this a highly attractive investment for developers seeking to capitalize on the area's upward trajectory. The asking price is $1,500,000. Don't miss this chance to shape the future of the Broadway Corridor. The property's zip code is 33407, and it is situated in Palm Beach County.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1955
Construction
CONCRETE
Total area
3,034 SF
Lot
0.22 ac (9,474 SF)
Zoning code
BMUD- II
APN
74-43-43-04-08-062-0050
UPID
US18-4433160
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grocery & Convenience Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$455k
Blend (final)
Blend
$320k
Owner & transaction history
Zoning & alternative use
BMUD- II · West Palm Beach, FL
Top alternative use upside
Warehouse, storage
$1.2M
+30.3%
Office building
$950,000
+6.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$320k
Value range
$288k – $352k
±10% around blend
Estimated value / SF
$105 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$288k
blend $320k
$352k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,034 SF
Lot area
0.22 ac
Year built
1955
Stories
1
APN
74-43-43-04-08-062-0050
Zoning
BMUD- II
Assessed value
$316,139
Annual tax
$9,513
3
Income approach: direct capitalization
Partial preview
Income approach indication
$755k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$815k
@ 6.5% CAP return
$755k
@ 7% CAP return
$700k
4
Sales comparison
Partial preview
Sales approach indication
$1.56M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.3 mi away · 2,500 SF
9.4 mi away · 3,560 SF
11.7 mi away · 2,682 SF
21.3 mi away · 2,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$320k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 77 sales
$294
-64%
County 164 sales
$395
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $105/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+30%
vs current-use indication
Office Building
Neighborhood: Shopping Center · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$316k
Move the market yield to see immediate price impact.
Value / SF
$104
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$398k
$285k
$221k
$22k
$443k
$316k
$246k
$24k
$487k
$348k
$270k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.40M
4.5 mi · Oct 2025 · $1,001/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,513
Tax year 2023
Assessed value
$316,139
Assessed 2023
Previous assessed
$290,459
+8.8% YoY
Effective rate
3.01%
On assessed value
Assessed land
$94,760
Assessed improvement
$221,379
Land market value
$94,760
Improvement market value
$221,379
Total market value
$316,139
Applied tax rate
74,407.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,034 SF
Lot
0.22 ac (9,474 SF)
Zoning code
BMUD- II
APN
74-43-43-04-08-062-0050
UPID
US18-4433160
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BMUD- II · West Palm Beach, FLZoning BMUD- II · permitted uses
BMUD- II · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BMUD- II
Jurisdiction
West Palm Beach, FL
Recorded code
BMUD- II
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BMUD- II in West Palm Beach, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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