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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Industrial properties
600 Royal Commerce Rd Ste A Royal Palm Beach, FL 33411-7667
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2817656
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2008
Construction
WOOD
Total area
10,263 SF
Lot
1 ac (43,560 SF)
Zoning code
IL
APN
72-41-43-35-11-600-0000
UPID
US18-2817656
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.53M
Owner & transaction history
Royal Commerce Park 2 Condo Bldg 60 · 5 yrs held
Royal Commerce Park 2 Condo Bldg 60
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
IL · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Royal Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal 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
$1,685,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.43M (May 3 2021)
Last sale anchor
$1.43M
May 3 2021
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
$149 / 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
$35,621
Tax year 2023
Assessed value
$1,821,960
Assessed 2023
Previous assessed
$1,685,054
+8.1% YoY
Effective rate
1.96%
On assessed value
Assessed land
$455,400
Assessed improvement
$1,366,560
Land market value
$455,400
Improvement market value
$1,366,560
Total market value
$1,821,960
Applied tax rate
72,486.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Total area
10,263 SF
Lot
1 ac (43,560 SF)
Zoning code
IL
APN
72-41-43-35-11-600-0000
UPID
US18-2817656
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Royal Palm Beach, FL
Zoning IL · permitted uses
IL · Royal Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
Royal Commerce Park 2 Condo Bldg 60
Individual
Mailing address
3031 FORTUNE WAY STE A9, WELLINGTON, FL 33414-8705
Ownership since
2021
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 3, 2021
$1,425,000
Royal Commerce Park 2 Condo Bldg 60
Hnt Group LLC
Warranty Deed
$997,500 · Tropical Financial Cu
Oct 26, 2020
—
Hnt Group LLC
—
Deed
related
$780,000 · Anchor Bk
Aug 15, 2017
$1,300,000
Hnt Group LLC
C B Associates LLC
Warranty Deed
$780,000 · Anchor Commercial Bank
—
—
Hnt Group LLC
—
Loan Modification
related
$780,000 · Anchor 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.
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