Technical
Financial
Distress signals
Property profile

695 Olive Ave West Palm Beach, FL 33401

OFF-MARKET
Hotels
Property ID
US18-3356962
124,100 SF 0.99 ac lot Built 2022
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2022
Construction STEEL FRAME
Total area 124,100 SF
Lot 0.99 ac (42,989 SF)
Zoning code QGD-10
APN 74-43-43-22-45-000-0020
UPID US18-3356962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store
  • Hotel & Motel
  • Hotel & Motel Vacation Rental

Location

695 Olive Ave West Palm Beach, FL 33401-6254
West Palm Beach metro Census 2703 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$72.04M
Blend (final) Blend
$82.79M

Owner & transaction history

since 2022
Last sale
$83.9M
3 recorded transactions
2022
$83.9M
2020
$7.3M
2016
$749,523

Zoning & alternative use

QGD-10 · West Palm Beach, FL
Zoning description

The Quadrille garden district is intended to function as a transition zone between the Quadrille business district and the waterfront, the greatest development intensity should be oriented towards Quadrille Boulevard to…

General category MIXED_USE
Top alternative use upside
Restaurant $94.9M +82.6%
Apartment house (5+ units) $73.9M +42.2%
Retail stores $71.1M +36.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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