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Property profile & analytics
OFF-MARKET
Estimated value
$8,060,000
Warehouses
6351 Lk Worth Rd Greenacres, FL 33463-3005
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4684451
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Construction
CONCRETE
Total area
29,675 SF
Lot
3.27 ac (142,515 SF)
Zoning code
CI
APN
18-42-44-22-00-000-5230
UPID
US18-4684451
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
$5.71M
Comparable Approach
Comparable
$10.94M
Blend (final)
Blend
$8.06M
Owner & transaction history
Ps Greenacres Lake Worth 2013 · 12 yrs held
Ps Greenacres Lake Worth 2013
since 2014
5 recorded transactions
Zoning & alternative use
CI · Greenacres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.1M
+58.8%
Auto repair, garage
$12.2M
+48.3%
Medical building
$11.7M
+42.0%
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 Greenacres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenacres 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%
$6,180,000
6.5%
$5,705,000
7%
$5,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,235,000
Current use
OFFICE BUILDING
$13,080,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,215,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$11,695,000
Change: +42% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,795,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$8.06M
Range $7.25M – $8.87M · ±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
$272 / 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
$110,945
Tax year 2023
Assessed value
$6,328,614
Assessed 2023
Previous assessed
$5,384,747
+17.5% YoY
Effective rate
1.75%
On assessed value
Assessed land
$1,744,384
Assessed improvement
$4,584,230
Land market value
$1,744,384
Improvement market value
$4,584,230
Total market value
$6,328,614
Applied tax rate
18,982.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Bathrooms
4
Total area
29,675 SF
Lot
3.27 ac (142,515 SF)
Zoning code
CI
APN
18-42-44-22-00-000-5230
UPID
US18-4684451
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CI · Greenacres, FL
Zoning CI · permitted uses
CI · Greenacres, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenacres. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.2M
OFFICE BUILDING
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$11.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1983
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
4
Lot
3.27 ac
Current owner
From public records · entity-resolved
Ps Greenacres Lake Worth 2013
Individual
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Mar 27, 2014
—
Ps Greenacres Lake Worth 2013
Coastal Storage Lllp
Grant Deed
related
—
Dec 18, 2013
$1,865,544
Ps Greenacres Lake Worth 2013
Coastal Storage Lllp
Grant Deed
—
—
—
Coastal Storage Ltd
—
Deed Of Trust
related
$1,100,000 · Gmac Commercial Mortgage Corp
—
—
Coastal Storage Lllp
—
Deed Of Trust
related
$945,000 · Standard Insurance Co
—
—
Coastal Storage Lllp
—
Deed Of Trust
related
$980,500 · Cnl 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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