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Property profile & analytics
OFF-MARKET
Drive through restaurants
600 15th St West Palm Beach, FL 33401-2512
Trust Owned
3-yr Hold
Free & Clear
Property ID
US18-4333642
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1959
Construction
WOOD
Total area
454 SF
Lot
0.07 ac (3,215 SF)
Zoning code
CP-POR
APN
74-43-43-16-03-041-0011
UPID
US18-4333642
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
-
T-N-T Cuisine Restaurant
-
JT's Crab Concept Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Joey Cooper Realty Trust · 3 yrs held
The Joey Cooper Realty Trust
since 2022
Last sale
$25,000
7 recorded transactions
Zoning & alternative use
CP-POR · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ements. Sec. 94-228. - Coleman Park Historic District professional office residential (CP - POR C2) development characteristics and sub-district requirements. Sec. 94-229. - Coleman Park professional office residential (CP-POR) development characteristics and sub-district requirements. Sec. 94-230. - Coleman Park Historic District neighborhood commercial (CP…
Zone name
Coleman Park Professional Office Residential
General category
COMMERCIAL
Zone area
8.12 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,252
Tax year 2023
Assessed value
$35,400
Assessed 2023
Previous assessed
$37,195
-4.8% YoY
Effective rate
3.54%
On assessed value
Assessed land
$15,600
Assessed improvement
$19,800
Land market value
$15,600
Improvement market value
$19,800
Total market value
$35,400
Applied tax rate
74,407.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
454 SF
Lot
0.07 ac (3,215 SF)
Zoning code
CP-POR
APN
74-43-43-16-03-041-0011
UPID
US18-4333642
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CP-POR · West Palm Beach, FLZoning CP-POR · permitted uses
CP-POR · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ements. Sec. 94-228. - Coleman Park Historic District professional office residential (CP - POR C2) development characteristics and sub-district requirements. Sec. 94-229. - Coleman Park professional office residential (CP-POR) development characteristics and sub-district requirements. Sec. 94-230. - Coleman Park Historic District neighborhood commercial (CP-H NC) development characteristics and sub-district requirements. Sec. 94-231. - Colem
Zone name
Coleman Park Professional Office Residential
General category
COMMERCIAL
Zone area
8.12 ac
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
The Joey Cooper Realty Trust
Trust
Free & Clear · 3 yrs held
Mailing address
12737 PINEACRE LN, WELLINGTON, FL 33414-4109
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
—
The Joey Cooper Realty Trust
Joey Cooper
Intrafamily Transfer
related
—
Feb 22, 2008
—
Cooper Joey J SR Living Trust
Tropical Soul INC
Quit Claim Deed
related
—
Jul 9, 2007
—
Tropical Soul INC
Cooper,joey
Quit Claim Deed
related
—
Jan 18, 2007
—
Cooper Joey J SR Living Trust
Cooper,joey
Quit Claim Deed
related
—
Sep 23, 2005
$25,000
Joey Cooper
Davis,henry
Warranty Deed
—
May 5, 2005
—
Henry Davis
Cooks,jesse
Quit Claim Deed
related
—
—
—
Henry M Davis
—
Deed Of Trust
related
$10,000 · Bank Of America
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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