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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office buildings
701 Olive Ave Ste 116 West Palm Beach, FL 33401-6197
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-4158496
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE BLOCKS
Total area
1,290 SF
Lot
1 ac (43,560 SF)
APN
74-43-43-22-41-000-0016
UPID
US18-4158496
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
$740k
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$850k
Owner & transaction history
Platinum Prop Grp Hldgs Corp · 6 yrs held
Platinum Prop Grp Hldgs Corp
since 2019
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$740,000
+36.3%
Medical building
$700,000
+28.7%
Commercial (general)
$680,000
+25.5%
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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$540,000
Current use
RETAIL STORES
$740,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$700,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$680,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$665,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$515,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $1.14M (Feb 10 2026)
Last sale anchor
$1.14M
Feb 10 2026
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
$659 / 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
$12,851
Tax year 2023
Assessed value
$1,063,735
Assessed 2023
Previous assessed
$336,523
+216.1% YoY
Effective rate
1.21%
On assessed value
Assessed improvement
$1,063,735
Improvement market value
$1,063,735
Total market value
$1,063,735
Applied tax rate
84,407.0000
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
Status
Off-Market
Year built
2008
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
1,290 SF
Lot
1 ac (43,560 SF)
APN
74-43-43-22-41-000-0016
UPID
US18-4158496
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$540,000
RETAIL STORES
Est. value
$740,000
MEDICAL BUILDING
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$515,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2008
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Platinum Prop Grp Hldgs Corp
Entity
Free & Clear · 6 yrs held
Mailing address
38 TIMBER RDG DR, HUNTINGTON, NY 11743-4899
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Oct 18, 2019
$100
Platinum Prop Grp Hldgs Corp
John D Destefano
Warranty Deed
—
May 9, 2019
$900,000
John D Destefano
Texas Two City Plaza LLC
Warranty Deed
—
May 29, 2014
$867,000
Texas Two City Plaza LLC
Kolter City Plaza II INC
Grant Deed
—
Jul 1, 2011
—
Kolter City Plaza II INC
—
Deed Of Trust
related
$22,000,000 · Regions 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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