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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Office buildings
631 Us Hwy 1st Ste 405 North Palm Beach, FL 33408-4621
Entity Owned
Free & Clear
Property ID
US18-2156510
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE BLOCKS
Total area
2,139 SF
Lot
1 ac (43,560 SF)
APN
68-43-42-16-30-000-4050
UPID
US18-2156510
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$720k
Owner & transaction history
Atrium 406 LLC
Atrium 406 LLC
since 2025
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+53.3%
Auto repair, garage
$1.1M
+45.8%
Retail stores
$890,000
+17.6%
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
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
$755,000
Current use
MEDICAL BUILDING
$1,160,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,100,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$850,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $900k (Jul 7 2025)
Last sale anchor
$900k
Jul 7 2025
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
$337 / 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
$5,992
Tax year 2023
Assessed value
$285,558
Assessed 2023
Previous assessed
$280,889
+1.7% YoY
Effective rate
2.10%
On assessed value
Assessed improvement
$285,558
Improvement market value
$285,558
Total market value
$285,558
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
2,139 SF
Lot
1 ac (43,560 SF)
APN
68-43-42-16-30-000-4050
UPID
US18-2156510
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$755,000
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Atrium 406 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
158 RAINTREE TRL, JUPITER, FL 33458-7342
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
$900,000
Atrium 406 LLC
Smyth & Hauck Properties LLC
Special Warranty Deed
—
Dec 11, 2009
$400,000
Smyth & Hauck Properties LLC
Stream Asset Holdings LLC
Grant Deed
$496,000 · Ironstone Bank
Dec 11, 2009
—
Stream Asset Holdings LLC
Greene,gilbert G
Quit Claim Deed
related
—
Jun 24, 2009
$425,842
Stream Asset Holdings LLC
Greene,gilbert C
Warranty Deed
related
—
Mar 3, 2009
—
Gilbert G Greene
Greene Gilbert C Trust
Quit Claim Deed
related
—
Mar 9, 2007
$553,081
Greene Gilbert C Trust
Kv Atrium Partners LLC
Warranty Deed
$442,465 · Gulfstream Business Bank
Feb 15, 2005
$1,040,142
Kv Atrium Partners LLC
631 Atrium LLC
Grant Deed
$832,114 · Northern Trust Bank Of Florida
—
—
Smyth & Hauck Properties LLC
—
Deed Of Trust
related
$496,000 · Ironstone 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.
Try Rey
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