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Property profile & analytics
OFF-MARKET
Estimated value
$5,025,000
Drug stores
6846 Okeechobee Blvd West Palm Beach, FL 33411-2510
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-1241200
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2000
Construction
CONCRETE
Total area
12,194 SF
Lot
1.77 ac (77,284 SF)
Zoning code
MUPD
APN
00-42-43-27-25-000-0030
UPID
US18-1241200
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
-
CDReload - Online Bitcoin ATM Atm Currency Exchange Service
-
Coinhub Bitcoin ATM Teller Atm
-
UPS Access Point location Courier Service Postal Service
-
MoneyGram Bank Credit Union
-
CVS Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.84M
Blend (final)
Blend
$5.03M
Owner & transaction history
Smith Oil Co · 5 yrs held
Smith Oil Co
since 2020
Last sale
$4.6M
2 recorded transactions
Zoning & alternative use
MUPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.3M
+43.5%
Medical building
$6.6M
+30.4%
Auto repair, garage
$6.3M
+24.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,060,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,260,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$6,600,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,275,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,090,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,290,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$5.03M
Range $4.52M – $5.53M · ±10% · vs last sale $4.58M (Sep 25 2020)
Last sale anchor
$4.58M
Sep 25 2020
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
$412 / 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
$64,765
Tax year 2023
Assessed value
$3,781,234
Assessed 2023
Previous assessed
$3,722,188
+1.6% YoY
Effective rate
1.71%
On assessed value
Assessed land
$2,177,118
Assessed improvement
$1,604,116
Land market value
$2,177,118
Improvement market value
$1,604,116
Total market value
$3,781,234
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
12,194 SF
Lot
1.77 ac (77,284 SF)
Zoning code
MUPD
APN
00-42-43-27-25-000-0030
UPID
US18-1241200
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Smith Oil Co
Entity
Free & Clear · 5 yrs held
Mailing address
13250 NW HWY 225A, REDDICK, FL 32686-3714
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
—
Smith Oil Co
Diamond Statutory T Black
Quit Claim Deed
related
—
Sep 29, 2005
$4,582,000
Black Diamond Statutory Trust
6846 Okeechobee Boulevard LLC
Warranty 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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