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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Office buildings
6985 Gdn Rd Riviera Beach, FL 33404-5905
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2806776
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1974
Construction
CONCRETE
Total area
5,400 SF
Lot
1 ac (43,665 SF)
Zoning code
IL
APN
00-43-42-31-00-000-3033
UPID
US18-2806776
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
$2.19M
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.62M
Owner & transaction history
Campsie Linn LLC · 1 yrs held
Campsie Linn LLC
since 2025
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
IL · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Limited Industrial District
General category
INDUSTRIAL
Zone area
342.88 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.1M
+116.2%
Apartment house (5+ units)
$3.2M
+68.3%
Medical building
$2.9M
+52.9%
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$2,260,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
$3,345,000
6.5%
$3,090,000
7%
$2,870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,910,000
Current use
RESTAURANT
$4,130,000
Change: +116% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,215,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$2,920,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,780,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,255,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$2,240,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,590,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $2.70M (Mar 28 2025)
Last sale anchor
$2.70M
Mar 28 2025
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
$485 / 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
$16,245
Tax year 2023
Assessed value
$1,788,564
Assessed 2023
Previous assessed
$1,662,165
+7.6% YoY
Effective rate
0.91%
On assessed value
Assessed land
$465,448
Assessed improvement
$1,323,116
Land market value
$465,448
Improvement market value
$1,323,116
Total market value
$1,788,564
Applied tax rate
227.0000
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
8
Total area
5,400 SF
Lot
1 ac (43,665 SF)
Zoning code
IL
APN
00-43-42-31-00-000-3033
UPID
US18-2806776
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Riviera Beach, FLZoning IL · permitted uses
IL · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Limited Industrial District
General category
INDUSTRIAL
Zone area
342.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
8
Lot
1 ac
Current owner
From public records · entity-resolved
Campsie Linn LLC
Entity
Mailing address
6985 GDN RD, RIVIERA BEACH, FL 33404-5905
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
Campsie Linn LLC
—
Deed
related
$2,292,000 · Wells Fargo Bank NA
Mar 28, 2025
$2,700,000
Campsie Linn LLC
Rik O Shae Corporation
Warranty Deed
$2,292,000 · Wells Fargo Bank NA
Jun 12, 2000
$725,000
Rik-o-shae Corp
Thermo Instrument Systems INC
Grant Deed
$700,000 · Money Store Investment Corp
—
—
Rik-o-shae Corp
—
Deed Of Trust
related
$145,000 · Albert S III Rieck
—
—
Rik-o-shae Corp
—
Deed Of Trust
related
$900,000 · Flagler Bank
—
—
Rik-o-shae Corp
—
Deed Of Trust
related
$815,203 · Flagler Bk
—
—
Rik-o-shae
—
Deed Of Trust
related
$100,000 · Rbc Centura Bank
—
—
Rik-o-shae
—
Deed Of Trust
related
$795,000 · Rbc Centura Bank
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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