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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Office buildings
6800 Frst Hl Blvd Greenacres, FL 33413-3310
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0977535
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
WOOD
Total area
4,529 SF
Lot
1.55 ac (67,614 SF)
Zoning code
RM-2
APN
18-42-44-10-07-000-0170
UPID
US18-0977535
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
$1.52M
Blend (final)
Blend
$1.32M
Owner & transaction history
6800 Forest Hill LLC · 9 yrs held
6800 Forest Hill LLC
since 2017
7 recorded transactions
Zoning & alternative use
RM-2 · Greenacres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The residential medium density (RM-2) district is intended to be a low to medium density district with an emphasis on multiple-family use. Due to the transitional character of these areas, governmental, educational, religious, noncommercial and recreational uses compatible with residential development are permitted or permissible by special exception. The pr…
Zone name
Residential Medium Density
General category
CIVIC_INSTITUTIONAL
Zone area
1,380.00 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.9M
+17.3%
Warehouse, storage
$1.8M
+12.4%
Commercial (general)
$1.8M
+9.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,605,000
Current use
RETAIL STORES
$1,880,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,800,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,760,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,335,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$290 / 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
$9,545
Tax year 2023
Assessed value
$914,689
Assessed 2023
Previous assessed
$864,314
+5.8% YoY
Effective rate
1.04%
On assessed value
Assessed land
$380,289
Assessed improvement
$534,400
Land market value
$380,289
Improvement market value
$534,400
Total market value
$914,689
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
4,529 SF
Lot
1.55 ac (67,614 SF)
Zoning code
RM-2
APN
18-42-44-10-07-000-0170
UPID
US18-0977535
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-2 · Greenacres, FLZoning RM-2 · permitted uses
RM-2 · Greenacres, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The residential medium density (RM-2) district is intended to be a low to medium density district with an emphasis on multiple-family use. Due to the transitional character of these areas, governmental, educational, religious, noncommercial and recreational uses compatible with residential development are permitted or permissible by special exception. The provisions of this district are intended to protect and preserve the residential character and promote a desirable environment for the inhabitants.
Zone name
Residential Medium Density
General category
CIVIC_INSTITUTIONAL
Zone area
1,380.00 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
6800 Forest Hill LLC
Entity
Mailing address
16242 E STALLION DR, LOXAHATCHEE, FL 33470-4037
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2019
—
6800 Forest Hill LLC
—
Deed
related
$2,720,000 · Bank Of America
Oct 24, 2019
—
6800 Forest Hill LLC
—
Deed
related
$500,000 · Bank Of America NA
Apr 17, 2017
—
6800 Forest Hill LLC
—
Deed
related
$336,000 · Stonegate Bk
Feb 3, 2017
$790,000
6800 Forest Hill LLC
Cilo Property Management Corp
Warranty Deed
$406,000 · Stonegate Bank
Dec 1, 2000
$390,000
For Independent Livi Coalition
Westerra River Bridge LP
Grant Deed
$325,000 · First Union National Bank
—
—
Coalition Of Independent Living O
—
Deed Of Trust
related
$310,000 · Bankatlantic Fsb
—
—
6800 Forest Hill LLC
—
Loan Modification
related
$2,720,000 · Bank Of America
—
—
Coalition Of Independent Living O
—
Deed Of Trust
related
$161,009 · Bankatlantic Fsb
—
—
6800 Forest Hill LLC
—
Loan Modification
related
$336,000 · Stonegate Bk
—
—
6800 Forest Hill LLC
—
Deed Of Trust
related
$406,000 · Stonegate 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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