Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6221 Pga Blvd Palm Beach Gardens, FL 33418-4000

    • Grocery and convenience stores
    • 4,042 SF
    • 1.72 lot acres
    OFF-MARKET
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    8.9%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US18-4046083
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6221 Pga Blvd

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    1.72 lot acres
    Property size
    4,042 SF
    Zone code
    CG1
    Property type
    Grocery and convenience stores
    APN
    52-42-42-03-11-001-0020
    APU
    52424203110010020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,090,000
      6.5%
      $1,005,000
      7%
      $935,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,347,000
      Market price range: $606k - $1.35M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,190,000
      Current use
      RETAIL STORES
      $1,675,000
      Change: +41% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,610,000
      Change: +35% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,570,000
      Change: +32% Conversion: Easy
      OFFICE BUILDING
      $1,430,000
      Change: +20% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1327
    Latitude
    26.8402
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $68,036
    $2,390,944
    $1,113,973
    $3,504,917
    -
    $2,390,944
    $1,113,973
    $3,504,917

    Comparable in this City

    • Value Estimation
      $5,920,000
      23,737 SF

      4925 Pga Blvd

      GROCERY, SUPERMARKET • 23,737 SF
      4925 Pga Blvd, Palm Beach Gardens, FL 33418-3962
      View Details
    • Value Estimation
      $580,000
      2,178 SF

      7000 Pga Blvd

      CONVENIENCE STORE • 2,178 SF
      7000 Pga Blvd, Palm Beach Gardens, FL 33418-3765
      View Details
    • Value Estimation
      $13,995,000
      50,536 SF

      5370 Donald Ross Rd

      GROCERY, SUPERMARKET • 50,536 SF
      5370 Donald Ross Rd, Palm Beach Gardens, FL 33418-7256
      View Details
    • Value Estimation
      $845,000
      4,158 SF

      4750 Donald Ross Rd

      CONVENIENCE STORE • 4,158 SF
      4750 Donald Ross Rd, Palm Beach Gardens, FL 33418-6785
      View Details
    • Value Estimation
      $7,570,000
      27,388 SF

      4580 Pga Blvd

      RETAIL STORES (PERSONAL SERVICES) • 27,388 SF
      4580 Pga Blvd, Palm Beach Gardens, FL 33418-3920
      View Details
    • Value Estimation by Request
      528 SF

      6834 Touchstone Cir

      SHOW ROOM, WAREHOUSE • 528 SF
      6834 Touchstone Cir, Palm Beach Gardens, FL 33418-6963
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land in Donald Ross Village

      Land for ground lease or purchase in mixed-use center.
      4650 Donald Ross Rd, Palm Beach Gardens, FL 33418
      View Details
    • $679,000
      1.37 Acres

      Palm Beach Country Estates Lot

      1.37-acre corner lot in Palm Beach Country Estates.
      P-82 167Th Ct N, Palm Beach Gardens, FL 33418
      View Details
    • $599,000
      Pending

      Equestrian Community 5-Acre Lot

      5-acre lot in equestrian community with bridle paths and amenities.
      13945 Coco Plum Rd, Palm Beach Gardens, FL 33418
      View Details
    • $1,975,000

      Palm Beach Gardens Acreage

      Spectacular property with water view in gated community.
      Palm Beach Gardens, FL 33418
      View Details
    • $1,095,000
      10.55 Acres

      West Palm Beach Acreage Opportunity

      10.55-acre residential/agricultural land parcel in equestrian community.
      12333 N 142Nd Ct, West Palm Beach, FL 33418
      View Details
    • $1,500,000

      Palm Beach Gardens Agricultural Property

      Agricultural property available in Palm Beach Gardens, Florida.
      6501 Donald Ross Rd, Palm Beach Gardens, FL 33418
      View Details

    Similar Nearby for Lease

    • $50 SF/Yr
      2,293 SF

      2nd Generation Restaurant Endcap plus Patio Area

      Retail space
      4650 Donald Ross Rd, Palm Beach Gardens, FL 33418
      View Details
    • Contact for pricing

      High-End Office Park

      224,000 SF office park within PGA National Resort.
      7108 Fairway Dr, Palm Beach Gardens, FL 33418
      View Details
    • $39 SF/Yr

      PGA National Office Park

      High-end office park within PGA National Resort and Spa.
      7108 Fairway Dr, Palm Beach Gardens, FL 33418
      View Details
    • Contact for pricing
      11,299 SF

      New Industrial Warehouse in Gardens

      New Class A warehouse space for lease in Palm Beach.
      358 Hiatt Dr, Palm Beach Gardens, FL 33418
      View Details
    • Contact for pricing
      20,440 SF

      Gardens Innovation Center Office Space

      Premier office space in Palm Beach Gardens corporate park.
      360 Hiatt Dr, Palm Beach Gardens, FL 33418
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6221 Pga Blvd
    Palm Beach Gardens, FL 33418-4000
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!