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Property profile & analytics
OFF-MARKET
Estimated value
$15,320,000
Office buildings
7071 Gdn Rd Riviera Beach, FL 33404-4906
Entity Owned
Free & Clear
Property ID
US18-5295417
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1968
Construction
CONCRETE
Total area
32,312 SF
Lot
30.12 ac (1,312,149 SF)
Zoning code
IL
APN
56-43-42-30-00-000-7200
UPID
US18-5295417
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
$18.49M
Comparable Approach
Comparable
$17.99M
Blend (final)
Blend
$15.32M
Owner & transaction history
SCHOOL BOARD PALM BEACH COUNTY FL
SCHOOL BOARD PALM BEACH COUNTY FL
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
$24.7M
+116.2%
Apartment house (5+ units)
$19.2M
+68.3%
Medical building
$17.5M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,025,000
6.5%
$18,485,000
7%
$17,165,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,435,000
Current use
RESTAURANT
$24,715,000
Change: +116% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$19,240,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$17,485,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$16,630,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$13,490,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$13,410,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,510,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$15.32M
Range $13.79M – $16.85M · ±10%
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
$474 / 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
Assessed value
$12,912,372
Assessed 2023
Previous assessed
$12,788,367
+1.0% YoY
Assessed land
$5,944,026
Assessed improvement
$6,968,346
Land market value
$5,944,026
Improvement market value
$6,968,346
Total market value
$12,912,372
Applied tax rate
56,407.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
12
Stories
1
Total area
32,312 SF
Lot
30.12 ac (1,312,149 SF)
Zoning code
IL
APN
56-43-42-30-00-000-7200
UPID
US18-5295417
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
$11.4M
RESTAURANT
Est. value
$24.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.2M
MEDICAL BUILDING
Est. value
$17.5M
AUTO REPAIR, GARAGE
Est. value
$16.6M
INDUSTRIAL (GENERAL)
Est. value
$13.5M
RETAIL STORES
Est. value
$13.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
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
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
12
Lot
30.12 ac
Current owner
From public records · entity-resolved
SCHOOL BOARD PALM BEACH COUNTY FL
Individual
Free & Clear · 0 yrs held
Mailing address
3661 INTERSTATE PARK RD N STE #200, RIVIERA BEACH, FL 33404-5906
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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