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Property profile & analytics
OFF-MARKET
Estimated value
$8,210,000
Grocery and convenience stores
6820 Okeechobee Blvd West Palm Beach, FL 33411-2593
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-1241203
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Construction
CONCRETE
Total area
48,297 SF
Lot
5.56 ac (242,041 SF)
Zoning code
MUPD
APN
00-42-43-27-28-001-0050
UPID
US18-1241203
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
Current use
Occupant on record · Public records
-
Publix Pharmacy at Palm Beach Plaza Pharmacy
-
Publix Super Market at Palm Beach Plaza Specialty Food Shop Supermarket
-
Western Union Bank Credit Union
-
City National Bank - Presto ATM Atm
-
Presto! ATM at Publix Super Market Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.21M
Owner & transaction history
Psm Palm Beach LLC · 10 yrs held
Psm Palm Beach LLC
since 2016
4 recorded transactions
Zoning & alternative use
MUPD · West 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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
by Request
CAP Approach
CAP Return
Estimation
6%
$11,380,000
6.5%
$10,505,000
7%
$9,755,000
Blend value · Realmo final
$8.21M
Range $7.39M – $9.03M · ±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
$170 / 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
$215,611
Tax year 2023
Assessed value
$9,784,614
Assessed 2023
Previous assessed
$9,802,088
-0.2% YoY
Effective rate
2.20%
On assessed value
Assessed land
$2,962,386
Assessed improvement
$6,822,228
Land market value
$2,962,386
Improvement market value
$6,822,228
Total market value
$9,784,614
Applied tax rate
192.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
48,297 SF
Lot
5.56 ac (242,041 SF)
Zoning code
MUPD
APN
00-42-43-27-28-001-0050
UPID
US18-1241203
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · West Palm Beach, FL
Zoning MUPD · permitted uses
MUPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.56 ac
Current owner
From public records · entity-resolved
Psm Palm Beach LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2016
$10,650,000
Psm Palm Beach LLC
Ajr Fla LLC
Grant Deed
—
Nov 15, 2006
—
Ajr Fla LLC
Walallan Holdings INC
Grant Deed
—
Oct 24, 2006
$9,215,000
Walallan Holdings INC
III T Okeechobee LLC
Grant Deed
—
Nov 16, 2004
$8,592,000
III T Okeechobee LLC
Oka LLC
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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