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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Hotels
609 Evernia St West Palm Beach, FL 33401-5703
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3883377
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1925
Construction
WOOD
Total area
9,858 SF
Lot
0.15 ac (6,578 SF)
Zoning code
QBD-8
APN
74-43-43-21-01-030-0092
UPID
US18-3883377
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
-
Hotel Evernia Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$3.21M
Owner & transaction history
Samar Wp LLC · 4 yrs held
Samar Wp LLC
since 2021
Last sale
$3.0M
1 recorded transaction
Zoning & alternative use
QBD-8 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.3M
+29.2%
Commercial (general)
$5.2M
+25.9%
Auto repair, garage
$5.1M
+22.9%
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
$3,955,000
ML approach
$3,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,130,000
Current use
MEDICAL BUILDING
$5,335,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,200,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,075,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$4,145,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10% · vs last sale $3.00M (Aug 26 2021)
Last sale anchor
$3.00M
Aug 26 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
$326 / 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
$23,395
Tax year 2023
Assessed value
$1,077,110
Assessed 2023
Previous assessed
$790,540
+36.2% YoY
Effective rate
2.17%
On assessed value
Assessed land
$921,060
Assessed improvement
$156,050
Land market value
$921,060
Improvement market value
$156,050
Total market value
$1,077,110
Applied tax rate
84,407.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
3
Units
40
Rooms
40
Bathrooms
96
Total area
9,858 SF
Lot
0.15 ac (6,578 SF)
Zoning code
QBD-8
APN
74-43-43-21-01-030-0092
UPID
US18-3883377
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
QBD-8 · West Palm Beach, FL
Zoning QBD-8 · permitted uses
QBD-8 · 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
HOTEL/MOTEL Current
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.1M
HOTEL/MOTEL Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1925
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
40
Rooms
40
Bathrooms
96
Lot
0.15 ac
Current owner
From public records · entity-resolved
Samar Wp LLC
Entity
Mailing address
609 CANTIAGUE ROCK RD UNIT #2, WESTBURY, NY 11590-1721
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
$3,000,000
Samar Wp LLC
Rebecca Jene Sheppard
Warranty Deed
$2,100,000 · Flagler 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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