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Property profile & analytics
OFF-MARKET
Medical Office Space
6868 Frst Hl Blvd Greenacres, FL 33413-3352
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5347968
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
CONCRETE
Total area
6,388 SF
Lot
0.92 ac (40,001 SF)
Zoning code
CI
APN
18-42-44-10-13-000-0030
UPID
US18-5347968
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Real Sub LLC · 4 yrs held
Real Sub LLC
since 2022
Last sale
$56.5M
7 recorded transactions
Zoning & alternative use
CI · Greenacres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The commercial intensive (CI) district is intended for intensive, highly automotive oriented uses that require a conspicuous and accessible location along thoroughfares designated as major arterials in the Comprehensive Plan. Permitted uses and special exceptions within this designation require larger land areas with ample off-street parking and off-street l…
Zone name
Commercial Intensive
General category
INDUSTRIAL
Zone area
258.78 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$43,905
Tax year 2023
Assessed value
$2,205,538
Assessed 2023
Previous assessed
$2,127,780
+3.7% YoY
Effective rate
1.99%
On assessed value
Assessed land
$927,200
Assessed improvement
$1,278,338
Land market value
$927,200
Improvement market value
$1,278,338
Total market value
$2,205,538
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,388 SF
Lot
0.92 ac (40,001 SF)
Zoning code
CI
APN
18-42-44-10-13-000-0030
UPID
US18-5347968
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CI · Greenacres, FLZoning CI · permitted uses
CI · Greenacres, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The commercial intensive (CI) district is intended for intensive, highly automotive oriented uses that require a conspicuous and accessible location along thoroughfares designated as major arterials in the Comprehensive Plan. Permitted uses and special exceptions within this designation require larger land areas with ample off-street parking and off-street loading space. This district provides the greatest variety of uses among commercial districts and serves a geographical area that extends beyond the city limits. This district may accommodate certain light manufacturing, processing, wholesaling and storage and warehousing uses when it is clearly demonstrated that such uses are compatible with other uses in the district. It is not the intent of this district that it shall be used to encourage the extension of strip commercial areas.
Zone name
Commercial Intensive
General category
INDUSTRIAL
Zone area
258.78 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Real Sub LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$56,500,000
Real Sub LLC
Agre Rwer Bridge Owner LLC
Special Warranty Deed
—
Apr 8, 2019
$34,500,000
Agre River Bridge Owner LLC
Mskp River Bridge LLC
Grant Deed
—
Apr 8, 2019
—
Agre River Bridge Owner LLC
—
Loan Modification
related
$97,200,000 · Loancore Cap Credit Reit LLC
Mar 14, 2012
—
Mskp River Bridge LLC
—
Deed Of Trust
related
$223,400,000 · Us Bank NA Series 2007-6 (ce)
Feb 2, 2007
—
Mskp River Bridge LLC
Woolbright River Bridge LLC
Quit Claim Deed
related
—
Feb 2, 2007
$66,750,000
Mskp River Bridge LLC
Woolbright River Bridge LLC
Grant Deed
—
May 10, 2005
$37,700,000
Woolbright River Bridge LLC
Brookwood River Brg Invtrs LLC
Grant Deed
—
May 10, 2005
—
Woolbright River Bridge LLC
Brookwood River Bridge Investors Ll
Quit Claim Deed
related
$32,100,000 · Wachovia Bank NA
Jan 12, 1999
$21,000,000
Cin River Bridge LP
Eastrich #129 Corp
Grant Deed
$15,000,000 · Bhf-bank Trustee
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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