Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,015,000
Automotive properties
5544 Okeechobee Blvd West Palm Beach, FL 33417-4436
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4756153
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1986
Construction
CONCRETE
Total area
22,683 SF
Lot
3.39 ac (147,851 SF)
Zoning code
CG
APN
00-42-43-26-35-001-0000
UPID
US18-4756153
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
-
Tesla Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.92M
Blend (final)
Blend
$13.02M
Owner & transaction history
Pb Rental Properties LLC · 2 yrs held
Pb Rental Properties LLC
since 2023
Last sale
$13.1M
7 recorded transactions
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.4M
+48.6%
Apartment house (5+ units)
$13.5M
+15.7%
Medical building
$12.3M
+5.2%
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
$14,120,000
ML approach
$11,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,675,000
Current use
RESTAURANT
$17,350,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,510,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$12,275,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,470,000
Change: -19% · Conversion: Easy
RETAIL STORES
$9,410,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$13.02M
Range $11.71M – $14.32M · ±10% · vs last sale $13.15M (Oct 12 2023)
Last sale anchor
$13.15M
Oct 12 2023
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
$574 / 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
$157,411
Tax year 2023
Assessed value
$9,277,717
Assessed 2023
Previous assessed
$9,117,619
+1.8% YoY
Effective rate
1.70%
On assessed value
Assessed land
$4,527,198
Assessed improvement
$4,750,519
Land market value
$4,527,198
Improvement market value
$4,750,519
Total market value
$9,277,717
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
22,683 SF
Lot
3.39 ac (147,851 SF)
Zoning code
CG
APN
00-42-43-26-35-001-0000
UPID
US18-4756153
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$11.7M
RESTAURANT
Est. value
$17.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
MEDICAL BUILDING
Est. value
$12.3M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
RETAIL STORES
Est. value
$9.4M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
3.39 ac
Current owner
From public records · entity-resolved
Pb Rental Properties LLC
Entity
Mailing address
1301 SPANISH RIV RD, BOCA RATON, FL 33432-8018
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2023
$13,147,000
Pb Rental Properties LLC
Hanson West Palm Beach LLC
Special Warranty Deed
—
Oct 8, 2020
—
Hanson West Palm Beach LLC
—
Deed
related
$3,500,000 · Professional Bk
Oct 6, 2020
$12,865,000
Hanson West Palm Beach LLC
Accelerated Invs Wpb LLC
Grant Deed
—
Jul 14, 2017
$5,000,000
Accelerated Invs Wpb LLC
Schumacher Auto Group INC
Grant Deed
$5,000,000 · Fifth Third Bk
Jan 26, 2016
—
Rosenbaum Family Trust
Michael Rosenbaum
Quit Claim Deed
related
—
Oct 15, 2014
$3,500,000
Schumacher Auto Group INC
Suburban Of Palm Beach LLC
Grant Deed
$4,760,000 · Ally Bk
Sep 20, 2006
—
Suburban Of Palm Beach LLC
Worth Drainage District Lake
Quit Claim Deed
related
—
Dec 14, 2004
$4,000,000
Suburban Of Palm Beach LLC
Edgehill Of Hermitage Corp
Grant Deed
related
$3,200,000 · Daimlerchrysler Fin'l Svcs/ame
—
—
Suburban Of Palm Beach LLC
—
Loan Modification
related
$4,038,203 · Ally Bk
—
—
Hanson West Palm Beach LLC
—
Deed Of Trust
related
$3,500,000 · Professional 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5544 Okeechobee Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
