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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Strip malls
5910 Dixie Hwy West Palm Beach, FL 33405-4027
Entity Owned
11-yr Hold
Free & Clear
Property ID
US19-0699380
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Construction
CONCRETE
Total area
4,512 SF
Lot
0.29 ac (12,807 SF)
Zoning code
NC
APN
74-43-44-10-02-000-0010
UPID
US19-0699380
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
-
EDDIE BLENDZ aka ED.THE.BARBER Barber Shop
-
Beauty Salon for Men and Women Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$965k
Owner & transaction history
Frb Six LLC · 11 yrs held
Frb Six LLC
since 2015
4 recorded transactions
Zoning & alternative use
NC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (NC) district. Sec. 94-145. - General commercial (GC) district. Sec. 94-146. - Commercial marine (CM) district. Sec. 94-147. - Reserved. Sec.…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
115.64 ac
Top alternative use upside
Office building
$1.6M
+20.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,330,000
Current use
OFFICE BUILDING
$1,595,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$214 / 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
$22,674
Tax year 2023
Assessed value
$983,414
Assessed 2023
Previous assessed
$800,341
+22.9% YoY
Effective rate
2.31%
On assessed value
Assessed land
$576,360
Assessed improvement
$407,054
Land market value
$576,360
Improvement market value
$407,054
Total market value
$983,414
Applied tax rate
74,982.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,512 SF
Lot
0.29 ac (12,807 SF)
Zoning code
NC
APN
74-43-44-10-02-000-0010
UPID
US19-0699380
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · West Palm Beach, FLZoning NC · permitted uses
NC · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (NC) district. Sec. 94-145. - General commercial (GC) district. Sec. 94-146. - Commercial marine (CM) district. Sec. 94-147. - Reserved. Sec. 94-148. - Professional office residential (POR) district. Sec. 94-149. - Railroad
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
115.64 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Frb Six LLC
Entity
Free & Clear · 11 yrs held
Mailing address
5709 N OCEAN BLVD, OCEAN RIDGE, FL 33435-6221
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2015
$660,000
Frb Six LLC
Chrissophia LLC
Warranty Deed
—
Jun 18, 2007
$887,500
Chrissophia LLC
Balfrey Brothers LLC
Warranty Deed
$693,750 · Orion Bank
Aug 18, 2004
$550,000
Balfrey Brothers LLC
Cumberland Farms INC
Grant Deed
$412,500 · Fidelity Federal Bank & Trust
—
—
Chrissophia LLC
—
Loan Modification
related
$391,000 · M & T Bank
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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