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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Drug stores
6591 Frst Hl Blvd, Greenacres, FL 33413-3301
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-7779208
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2014
Construction
CONCRETE
Total area
13,944 SF
Lot
1.19 ac (51,915 SF)
Zoning code
CI
APN
18-42-44-10-34-002-0000
UPID
US18-7779208
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
$3.04M
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$3.52M
Owner & transaction history
Pines Greenacres LLC · 9 yrs held
Pines Greenacres LLC
since 2016
3 recorded transactions
Zoning & alternative use
CI · Greenacres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.8M
+0.6%
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 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%
$3,285,000
6.5%
$3,035,000
7%
$2,815,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,785,000
Current use
INDUSTRIAL (GENERAL)
$5,820,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,545,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,420,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.52M
Range $3.16M – $3.87M · ±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
$252 / 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
$78,721
Tax year 2023
Assessed value
$3,941,032
Assessed 2023
Previous assessed
$3,785,008
+4.1% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,446,871
Assessed improvement
$2,494,161
Land market value
$1,446,871
Improvement market value
$2,494,161
Total market value
$3,941,032
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
13,944 SF
Lot
1.19 ac (51,915 SF)
Zoning code
CI
APN
18-42-44-10-34-002-0000
UPID
US18-7779208
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
RETAIL STORES Current
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2014
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Pines Greenacres LLC
Entity
Mailing address
3301 PONCE DE LEON BLVD PH PH, CORAL GABLES, FL 33134-7275
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2016
$5,900,000
Pines Greenacres LLC
Amco Properties
Grant Deed
$3,000,000 · Miscellaneous Ins Co
May 3, 2013
$1,750,000
Amco Properties
Adf Property Co LLC
Grant Deed
—
Oct 17, 2005
$712,818
Adf Property Co LLC
Ge Capital Franchise Finance Corp
Special Warranty Deed
$980,276 · Citibank NA
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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