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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Turn key restaurants
661 Us Hwy 1st 1 North Palm Beach, FL 33408-4605
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2490009
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Construction
CONCRETE
Total area
7,225 SF
Lot
1.66 ac (72,175 SF)
Zoning code
C-MU
APN
68-43-42-16-02-009-0070
UPID
US18-2490009
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
$4.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$4.50M
Owner & transaction history
661 Us Highway 1 LLC · 1 yrs held
661 Us Highway 1 LLC
since 2024
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
C-MU · North Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Oct 16 2024)
Last sale anchor
$4.50M
Oct 16 2024
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
$623 / 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
$47,993
Tax year 2023
Assessed value
$1,987,981
Assessed 2023
Previous assessed
$1,895,718
+4.9% YoY
Effective rate
2.41%
On assessed value
Assessed land
$1,164,872
Assessed improvement
$823,109
Land market value
$1,164,872
Improvement market value
$823,109
Total market value
$1,987,981
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
7,225 SF
Lot
1.66 ac (72,175 SF)
Zoning code
C-MU
APN
68-43-42-16-02-009-0070
UPID
US18-2490009
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-MU · North Palm Beach, FL
Zoning C-MU · permitted uses
C-MU · 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.
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
661 Us Highway 1 LLC
Entity
Mailing address
2277 WIND RIV LN, LA PUENTE, CA 91748-5016
Ownership since
2024
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 16, 2024
$4,500,000
661 Us Highway 1 LLC
Eric Siu Wah Ng
Warranty Deed
$3,638,500 · Bank Five Nine
Jun 10, 2022
—
Eric Siu Wah Ng
Rcsh Operations LLC
Quit Claim Deed
related
—
Jul 22, 2014
$4,140,000
Eric S W Ng
Moss,gerald R & Judy Y
Grant Deed
$2,905,000 · Bank Of America
Jun 16, 2010
$3,365,818
Moss Family Trust
Trt-sovereign Rc Holdco 661 Us
Grant Deed
—
Sep 23, 2008
$3,159,763
Trt Sovereign Rc Holdeo 661 Us High
Rcsh Operations LLC
Special Warranty Deed
$11,910,000 · Wells Fargo Bank 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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