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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Banks
667 Us Hwy 1st 1, North Palm Beach, FL 33408-4605
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-3554802
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1978
Construction
CONCRETE
Total area
3,460 SF
Lot
1.16 ac (50,386 SF)
Zoning code
C-MU
APN
68-43-42-16-02-009-0080
UPID
US18-3554802
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
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$515k
Owner & transaction history
Elaine & Jon Investments LLC · 13 yrs held
Elaine & Jon Investments LLC
since 2013
3 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
by Request
ML approach
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$149 / 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
$26,255
Tax year 2023
Assessed value
$1,304,578
Assessed 2023
Previous assessed
$1,171,986
+11.3% YoY
Effective rate
2.01%
On assessed value
Assessed land
$813,214
Assessed improvement
$491,364
Land market value
$813,214
Improvement market value
$491,364
Total market value
$1,304,578
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,460 SF
Lot
1.16 ac (50,386 SF)
Zoning code
C-MU
APN
68-43-42-16-02-009-0080
UPID
US18-3554802
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Elaine & Jon Investments LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 26665, RICHMOND, VA 23261-6665
Ownership since
2013
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
Jun 5, 2013
$2,000,000
Elaine & Jon Investments LLC
Inland American St Florida Por
Grant Deed
—
Jun 30, 2011
—
Inland American St Florida Por
Inland American St Florida Por
Quit Claim Deed
—
Nov 26, 2007
—
Stflorida Portfolio LLC
Suntrust Bank
Grant Deed
—
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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