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Property profile & analytics
OFF-MARKET
Estimated value
$48,410,000
Community centers
6714 Frst Hl Blvd, Greenacres, FL 33413-3335
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4370001
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
CONCRETE
Total area
112,460 SF
Lot
27.47 ac (1,196,593 SF)
Zoning code
CI
APN
18-42-44-10-13-000-0010
UPID
US18-4370001
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
$46.91M
Blend (final)
Blend
$48.41M
Owner & transaction history
Real Sub LLC · 4 yrs held
Real Sub LLC
since 2022
Last sale
$56.5M
7 recorded transactions
Zoning & alternative use
CI · Greenacres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$67.0M
+102.3%
Medical building
$60.9M
+83.8%
Auto repair, garage
$57.9M
+74.8%
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
$54,175,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$33,105,000
Current use
APARTMENT HOUSE (5+ UNITS)
$66,970,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$60,860,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$57,880,000
Change: +75% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$46,945,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$46,665,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$44,730,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$48.41M
Range $43.57M – $53.25M · ±10% · vs last sale $56.50M (Jun 7 2022)
Last sale anchor
$56.50M
Jun 7 2022
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
$430 / 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
$882,504
Tax year 2023
Assessed value
$39,501,445
Assessed 2023
Previous assessed
$38,429,114
+2.8% YoY
Effective rate
2.23%
On assessed value
Assessed land
$13,202,756
Assessed improvement
$26,298,689
Land market value
$13,202,756
Improvement market value
$26,298,689
Total market value
$39,501,445
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
112,460 SF
Lot
27.47 ac (1,196,593 SF)
Zoning code
CI
APN
18-42-44-10-13-000-0010
UPID
US18-4370001
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$33.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$67.0M
MEDICAL BUILDING
Est. value
$60.9M
AUTO REPAIR, GARAGE
Est. value
$57.9M
INDUSTRIAL (GENERAL)
Est. value
$46.9M
RETAIL STORES
Est. value
$46.7M
WAREHOUSE, STORAGE
Est. value
$44.7M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
27.47 ac
Current owner
From public records · entity-resolved
Real Sub LLC
Entity
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$56,500,000
Real Sub LLC
Agre Rwer Bridge Owner LLC
Special Warranty Deed
—
Apr 8, 2019
$34,500,000
Agre River Bridge Owner LLC
Mskp River Bridge LLC
Grant Deed
—
Apr 8, 2019
—
Agre River Bridge Owner LLC
—
Deed
related
$97,200,000 · Loancore Cap Credit Reit LLC
Mar 14, 2012
—
Mskp River Bridge LLC
—
Deed Of Trust
related
$223,400,000 · Us Bank NA Series 2007-6 (ce)
Mar 2, 2007
—
Mskp River Bridge LLC
—
Deed Of Trust
related
$223,400,000 · Merrill Lynch Mortgage Lending
Feb 2, 2007
$66,750,000
Mskp River Bridge LLC
Woolbright River Bridge LLC
Grant Deed
—
Feb 2, 2007
—
Mskp River Bridge LLC
Woolbright River Bridge LLC
Quit Claim Deed
related
—
May 10, 2005
$37,700,000
Woolbright River Bridge LLC
Brookwood River Brg Invtrs LLC
Grant Deed
—
May 10, 2005
—
Woolbright River Bridge LLC
Brookwood River Bridge Investors Ll
Quit Claim Deed
related
$32,100,000 · Wachovia Bank NA
Jan 12, 1999
$21,000,000
Cin River Bridge LP
Eastrich #129 Corp
Grant Deed
$15,000,000 · Bhf-bank Trustee
—
—
Agre River Bridge Owner LLC
—
Loan Modification
related
$97,200,000 · Loancore Cap Credit Reit LLC
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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