Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Strip malls
613 Northlake Blvd Ste 1 North Palm Beach, FL 33408-5323
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5483990
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
CONCRETE
Total area
3,265 SF
Lot
0.26 ac (11,199 SF)
Zoning code
C-NB
APN
68-43-42-16-04-038-0030
UPID
US18-5483990
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
$1.01M
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$1.04M
Owner & transaction history
All Birds Cats Dogs & Exotics Anima · 2 yrs held
All Birds Cats Dogs & Exotics Anima
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
C-NB · North Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+74.8%
Retail stores
$1.4M
+41.0%
Warehouse, storage
$1.3M
+35.1%
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 North Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$1,115,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Current use
AUTO REPAIR, GARAGE
$1,680,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$1,300,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,270,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,155,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.25M (Oct 6 2023)
Last sale anchor
$1.25M
Oct 6 2023
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
$319 / 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
$11,343
Tax year 2023
Assessed value
$572,310
Assessed 2023
Previous assessed
$518,252
+10.4% YoY
Effective rate
1.98%
On assessed value
Assessed land
$280,000
Assessed improvement
$292,310
Land market value
$280,000
Improvement market value
$292,310
Total market value
$572,310
Applied tax rate
68,401.0000
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
1973
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,265 SF
Lot
0.26 ac (11,199 SF)
Zoning code
C-NB
APN
68-43-42-16-04-038-0030
UPID
US18-5483990
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-NB · North Palm Beach, FL
Zoning C-NB · permitted uses
C-NB · North Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1973
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
All Birds Cats Dogs & Exotics Anima
Individual
Mailing address
3820 BURNS RD, PALM BEACH GARDENS, FL 33410-4204
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$1,250,000
All Birds Cats Dogs & Exotics Anima
Northlake Partners 613 LLC
Warranty Deed
$1,000,000 · Fifth Third Bank NA
Jan 20, 2015
$200,000
Northlake Partners 613 LLC
613 Northlake LLC
Warranty Deed
—
Sep 14, 2011
—
613 Northlake LLC
Ketter,helen
Warranty Deed
related
—
—
—
Northlake Partners 613 LLC
—
Deed Of Trust
related
$165,000 · 613 Northlake LLC
—
—
613 Northlake LLC
—
Deed Of Trust
related
$165,000 · Northlake Partners 613 LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 613 Northlake Blvd Ste, Unit 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
