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Property profile & analytics
OFF-MARKET
Estimated value
$10,300,000
Community centers
7100 Fairway Dr, Palm Beach Gardens, FL 33418-3777
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-6331606
Property summary
AI-generated overview
LA Fitness Plaza, located at 7100 Fairway Dr, Palm Beach Gardens, FL 33418, presents a compelling retail investment opportunity. This 106,006 square foot neighborhood center, built in 1986 and situated on 12.13 acres in Palm Beach County, offers five available spaces ranging from 1,200 to 4,100 square feet. Currently, 9,490 square feet are vacant. The center enjoys a prime location, benefiting from its proximity to affluent master-planned communities such as PGA National, Mirasol, BallenIsles, and Ironhorse, boasting some of the highest median incomes in South Florida. Its strategic placement at the intersection of PGA Blvd and Fairway Drive places it within a thriving commercial area, including over 500,000 square feet of office space, notably the Bascom Palmer Eye Institute. The renowned PGA National Resort, a mere 5-minute drive away, hosts popular tournaments annually, including the Honda Classic, generating significant foot traffic and visibility. This LA Fitness-anchored center offers a unique chance to establish a presence in a high-demand, high-traffic location within a well-established and affluent community.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Construction
CONCRETE
Total area
35,813 SF
Lot
12.13 ac (528,574 SF)
Zoning code
PCD
APN
52-42-42-10-19-001-0010
UPID
US18-6331606
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
$10.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.30M
Owner & transaction history
Gardens Plaza Venture LLC · 8 yrs held
Gardens Plaza Venture LLC
since 2017
2 recorded transactions
Zoning & alternative use
PCD · Palm Beach Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.8M
+19.1%
Retail stores
$14.3M
+0.9%
Office building
$14.2M
+0.4%
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 Palm Beach Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Beach Gardens 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%
$11,490,000
6.5%
$10,605,000
7%
$9,850,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,150,000
Current use
COMMERCIAL (GENERAL)
$16,845,000
Change: +19% · Conversion: Easy
RETAIL STORES
$14,280,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$14,205,000
Change: +0% · Conversion: Moderate
MEDICAL BUILDING
$14,115,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$10.30M
Range $9.27M – $11.33M · ±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
$288 / 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
$461,368
Tax year 2023
Assessed value
$23,664,646
Assessed 2023
Previous assessed
$23,664,646
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$8,985,792
Assessed improvement
$14,678,854
Land market value
$8,985,792
Improvement market value
$14,678,854
Total market value
$23,664,646
Applied tax rate
52,401.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
35,813 SF
Lot
12.13 ac (528,574 SF)
Zoning code
PCD
APN
52-42-42-10-19-001-0010
UPID
US18-6331606
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PCD · Palm Beach Gardens, FL
Zoning PCD · permitted uses
PCD · Palm Beach Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.2M
COMMERCIAL (GENERAL)
Est. value
$16.8M
RETAIL STORES
Est. value
$14.3M
OFFICE BUILDING
Est. value
$14.2M
MEDICAL BUILDING
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
12.13 ac
Current owner
From public records · entity-resolved
Gardens Plaza Venture LLC
Entity
Mailing address
2030 S DOUGLAS RD STE #209, CORAL GABLES, FL 33134-4620
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2017
$25,000,000
Gardens Plaza Venture LLC
Laf Gardens LLC
Trustees Deed
$34,000,000 · Bankunited Fsb
Dec 17, 2010
$13,250,000
Div Palm Beach Gardens LLC
Fairway Shoppes Joint Venture
Special Warranty Deed
$9,297,500 · Webster Bank NA
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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