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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Office buildings
580 State Market Rd Pahokee, FL 33476-1524
Entity Owned
Free & Clear
Property ID
US18-5901125
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1942
Construction
CONCRETE
Total area
2,220 SF
Lot
2.6 ac (113,147 SF)
Zoning code
NC
APN
48-37-42-09-01-000-0116
UPID
US18-5901125
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
-
Palm Beach Road & Bridge Department County Government Office General Contractor
-
Palm Beach County Pahokee Shop County Government Office
-
Pahokee Rd n Bridge County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$860k
Owner & transaction history
PALM BEACH COUNTY
PALM BEACH COUNTY
Zoning & alternative use
NC · Pahokee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
hin sixty (60) days of the effective date of this ordinance. (Ord. No. 2017-03 , § 2, 4-25-17) Footnotes: --- ( 3 ) --- Editor's note- A copy of Table IV-2 is located in city hall. Sec. 14-59. - Neighborhood commercial (NC) district. (a) Intent. The intent of the NC district is to promote the development of small size, low intensity commercial uses which pro…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
10.42 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$1.1M
+24.5%
Commercial (general)
$1.0M
+18.6%
Retail stores
$885,000
+0.5%
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 Pahokee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pahokee 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%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$880,000
Current use
AUTO REPAIR, GARAGE
$1,095,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,045,000
Change: +19% · Conversion: Easy
RETAIL STORES
$885,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$875,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$760,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$387 / 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
$90
Tax year 2023
Assessed value
$934,250
Assessed 2023
Previous assessed
$848,411
+10.1% YoY
Effective rate
0.01%
On assessed value
Assessed land
$113,146
Assessed improvement
$821,104
Land market value
$113,146
Improvement market value
$821,104
Total market value
$934,250
Applied tax rate
48,486.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1942
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
1
Bathrooms
7
Total area
2,220 SF
Lot
2.6 ac (113,147 SF)
Zoning code
NC
APN
48-37-42-09-01-000-0116
UPID
US18-5901125
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · Pahokee, FLZoning NC · permitted uses
NC · Pahokee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
hin sixty (60) days of the effective date of this ordinance. (Ord. No. 2017-03 , § 2, 4-25-17) Footnotes: --- ( 3 ) --- Editor's note- A copy of Table IV-2 is located in city hall. Sec. 14-59. - Neighborhood commercial (NC) district. (a) Intent. The intent of the NC district is to promote the development of small size, low intensity commercial uses which provide limited goods and services for a particular geographic area of the city. The
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
10.42 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
MEDICAL BUILDING
Est. value
$875,000
WAREHOUSE, STORAGE
Est. value
$760,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1942
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Bathrooms
7
Lot
2.6 ac
Current owner
From public records · entity-resolved
PALM BEACH COUNTY
Individual
Free & Clear · 0 yrs held
Mailing address
2633 VIS PKWY, WEST PALM BEACH, FL 33411-5613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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