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Property profile & analytics
OFF-MARKET
Estimated value
$3,430,000
Office buildings
6000 Okeechobee Blvd West Palm Beach, FL 33417-4365
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-1924381
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
12,834 SF
Lot
1.01 ac (44,000 SF)
Zoning code
CG
APN
00-42-43-27-00-000-1080
UPID
US18-1924381
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
-
Sanctuary Cannabis West Palm Beach Department Store
-
Sanctuary Medicinals West Palm Beach Department Store
-
C D Alternatives of America Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$3.43M
Owner & transaction history
Chai Holdings LLC · 15 yrs held
Chai Holdings LLC
since 2011
7 recorded transactions
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.4M
+18.0%
Retail stores
$5.3M
+17.3%
Warehouse, storage
$5.1M
+12.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,540,000
Current use
INDUSTRIAL (GENERAL)
$5,360,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$5,325,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,105,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$3.43M
Range $3.09M – $3.77M · ±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
$267 / 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
$2,858
Tax year 2023
Assessed value
$2,328,820
Assessed 2023
Previous assessed
$2,104,005
+10.7% YoY
Effective rate
0.12%
On assessed value
Assessed land
$673,640
Assessed improvement
$1,655,180
Land market value
$673,640
Improvement market value
$1,655,180
Total market value
$2,328,820
Applied tax rate
192.0000
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
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
12,834 SF
Lot
1.01 ac (44,000 SF)
Zoning code
CG
APN
00-42-43-27-00-000-1080
UPID
US18-1924381
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
RETAIL STORES
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$5.1M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1986
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Chai Holdings LLC
Entity
Mailing address
22317 RUSHMORE PL, BOCA RATON, FL 33428-4287
Ownership since
2011
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
May 24, 2011
$750,000
Chai Holdings LLC
Sun Life Assurance Co Of Canada
Grant Deed
$500,000 · Ironstone Bank
Nov 12, 2010
—
Sun Life Assurance Co Of Canada
Sl Inv Holdings 2008-1 LLC
Grant Deed
—
Oct 15, 2010
$450,100
Sl Inv Holdings 2008-1 LLC
Cda Realty Partners Ll Coc
Trustees Deed
related
—
Jul 21, 1998
$1,629,200
Southtrust Bank NA
Home Savings Of America
Grant Deed
related
—
—
—
Chai Holdings LLC
—
Deed Of Trust
related
$500,000 · First Citizens Bank & Trust Co
—
—
Cda Realty Partners LLC
—
Deed Of Trust
related
$850,000 · Bank Of America
—
—
Cda Realty Partners LLC
—
Deed Of Trust
related
$1,950,000 · Sun Life Assurance Co
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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