Entity Owned 
For Sale
1 / 2
$2,495,000
5900 Broadway, West Palm Beach, FL 33407
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Property summary
AI-generated overview
This exceptional 4,158-square-foot mixed-use property at 5900 Broadway, West Palm Beach, FL 33407, presents a unique redevelopment opportunity. Currently vacant, this single-story, 1962-built building sits on a lot with 30 parking spaces and boasts over 200 feet of frontage on US Highway 1, providing easy access to both Downtown West Palm Beach and North Palm Beach. Zoned BMUD-II, the property is ideally positioned to benefit from recent (June 2024) changes to Land Development Regulations, allowing for retail, professional offices, and the potential for over 30 residential units. This aligns perfectly with the City of West Palm Beach's initiative to revitalize the Broadway Corridor into a vibrant mixed-use community. The property's strategic location and the City's support through the CRA create a compelling investment opportunity for developers and businesses seeking to contribute to a thriving, dynamic community. The asking price is $2,150,000. The property features one building on a lot with a size not specified in the provided information.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1962
Construction
CONCRETE
Total area
4,158 SF
Lot
0.48 ac (21,061 SF)
Zoning code
BMUD- II
APN
74-43-43-04-03-000-0170
UPID
US18-1743913
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
-
Loan Service Bank
-
Moving Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
BMUD- II · West Palm Beach, FL
Top alternative use upside
Medical building
$2.3M
+72.7%
Auto repair, garage
$2.1M
+64.3%
Commercial (general)
$1.8M
+36.4%
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.
Full NOI build-up · 6 steps
All 5 comparables with addresses
7 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
$1.83M
Value range
$1.64M – $2.01M
±10% around blend
Estimated value / SF
$439 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$1.64M
blend $1.83M
$2.01M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,158 SF
Lot area
0.48 ac
Year built
1962
Stories
1
APN
74-43-43-04-03-000-0170
Zoning
BMUD- II
Assessed value
$309,261
Annual tax
$7,019
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.38M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.58M
@ 6.5% CAP return
$2.38M
@ 7% CAP return
$2.21M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$7,019
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.45M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.9 mi away · 3,008 SF
3.1 mi away · 3,700 SF
6.1 mi away · 3,528 SF
6.7 mi away · 3,180 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.83M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 46 sales
$313
+40%
Submarket 447 sales
$354
+24%
County 950 sales
$397
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $439/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+73%
vs current-use indication
Auto Repair, Garage
Commercial (general)
Retail Stores
Warehouse, Storage
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
Market benchmark
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
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
8.50%
Selected cap rate for this office buildings
Derived from the West Palm Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.50%
9.0%
NOI (est.)
$145k *
Last sale · Nov 2023
$1.70M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.71M
Move the market yield to see immediate price impact.
Value / SF
$410
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
8.00%8.50%9.00%
$130k
$1.63M
$1.53M
$1.45M
$145k
$1.81M
$1.71M
$1.61M
$159k
$1.99M
$1.88M
$1.77M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.51M
2.4 mi · Mar 2026 · $404/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,019
Tax year 2023
Assessed value
$309,261
Assessed 2023
Previous assessed
$252,365
+22.5% YoY
Effective rate
2.27%
On assessed value
Assessed land
$210,620
Assessed improvement
$98,641
Land market value
$210,620
Improvement market value
$98,641
Total market value
$309,261
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1962
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,158 SF
Lot
0.48 ac (21,061 SF)
Zoning code
BMUD- II
APN
74-43-43-04-03-000-0170
UPID
US18-1743913
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
1962
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.48 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.
Registration is required before the official district profile is shown.
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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.
One complete report on every paid plan · 30 · 300 reports per month.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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