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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Distribution centers
6780 White Dr Riviera Beach, FL 33407-1230
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2748598
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
STEEL FRAME
Total area
24,800 SF
Lot
2.06 ac (89,620 SF)
Zoning code
IG
APN
56-42-42-36-02-003-0012
UPID
US18-2748598
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
$4.20M
CAP Approach
CAP
$4.25M
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$4.20M
Owner & transaction history
White Drive Property Owner LLC · 2 yrs held
White Drive Property Owner LLC
since 2024
Last sale
$4.2M
3 recorded transactions
Zoning & alternative use
IG · 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
$4,200,000
ML approach
$4,200,000
CAP Approach
CAP Return
Estimation
6%
$4,605,000
6.5%
$4,250,000
7%
$3,945,000
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.20M (Jun 24 2024)
Last sale anchor
$4.20M
Jun 24 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
$169 / 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
$54,800
Tax year 2023
Assessed value
$2,591,118
Assessed 2023
Previous assessed
$2,591,118
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$673,002
Assessed improvement
$1,918,116
Land market value
$673,002
Improvement market value
$1,918,116
Total market value
$2,591,118
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
24,800 SF
Lot
2.06 ac (89,620 SF)
Zoning code
IG
APN
56-42-42-36-02-003-0012
UPID
US18-2748598
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IG · Riviera Beach, FL
Zoning IG · permitted uses
IG · 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.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
White Drive Property Owner LLC
Entity
Mailing address
110 SE 2ND ST STE #101, DELRAY BEACH, FL 33444-3680
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
$4,200,000
White Drive Property Owner LLC
Spottswood Pb LLC
Warranty Deed
$1,890,000 · Standard Guaranty Insurance Company
Aug 12, 2019
$2,800,000
Spottswood Pb LLC
National G Distribution Ctr Ll
Warranty Deed
—
—
—
National G Distribution Center
—
Deed Of Trust
related
$650,000 · Colonial Bank
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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