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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Strip malls
6758 Military Trl Riviera Beach, FL 33407-1203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2748587
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE
Total area
5,914 SF
Lot
2.8 ac (121,959 SF)
Zoning code
CG
APN
56-42-42-36-22-000-0050
UPID
US18-2748587
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
$1.47M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.45M
Owner & transaction history
Pb Industrial Investments LLC · 3 yrs held
Pb Industrial Investments LLC
since 2023
7 recorded transactions
Zoning & alternative use
CG · Riviera 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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,740,000
Current use
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$245 / 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
$101,033
Tax year 2023
Assessed value
$4,503,132
Assessed 2023
Previous assessed
$4,343,796
+3.7% YoY
Effective rate
2.24%
On assessed value
Assessed land
$1,501,340
Assessed improvement
$3,001,792
Land market value
$1,501,340
Improvement market value
$3,001,792
Total market value
$4,503,132
Applied tax rate
56,407.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
5,914 SF
Lot
2.8 ac (121,959 SF)
Zoning code
CG
APN
56-42-42-36-22-000-0050
UPID
US18-2748587
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Riviera Beach, FL
Zoning CG · permitted uses
CG · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riviera Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
3
Lot
2.8 ac
Current owner
From public records · entity-resolved
Pb Industrial Investments LLC
Entity
Mailing address
215 N FEDERAL HWY, BOCA RATON, FL 33432-3994
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
—
Pb Industrial Investments LLC
James H Batmasian
Warranty Deed
$60,000,000 · Royal Bank Of Canada
Aug 31, 2022
$15,500,000
James H Batmasian
Hh Pb Industrial LLC
Warranty Deed
—
Nov 6, 2017
$3,250,000
Hh Pb Industrial LLC
Sl Fairfax Center LLC
Trustees Deed
$12,000,000 · Banco Popular
Nov 3, 2016
—
Sl Fairfax Center LLC
Keller Fred
Grant Deed
$1,617,000 · Investors Bk
Nov 3, 2016
$2,740,905
Sl Fairfax Center LLC
Land Trust 1008
Grant Deed
related
—
Jan 27, 2012
—
Fred Keller
—
Deed Of Trust
related
$3,141,143 · Grand Bank & Trust Of Florida
—
—
Fred Keller
—
Loan Modification
related
$3,058,779 · Grand Bk/fl
—
—
Sl Fairfax Center LLC
—
Loan Modification
related
$1,617,000 · Investors Bk
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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