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Property profile & analytics
OFF-MARKET
Estimated value
$4,455,000
Industrial properties
7100 Military Trl 4, West Palm Beach, FL 33410-6462
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3560068
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1987
Construction
CONCRETE
Total area
18,043 SF
Lot
0.98 ac (42,754 SF)
Zoning code
IL
APN
56-42-42-25-02-000-0100
UPID
US18-3560068
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
Current use
Occupant on record · Public records
-
Prime Golf Cars Riviera Beach Golf Cart Dealer
-
portsaintluciegolfcart Golf Cart Dealer
-
Pet Paradise Palm Beach Kennel & Boarding Facility
-
Prime Golf Cars Golf Cart Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.95M
CAP Approach
CAP
$4.22M
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$4.46M
Owner & transaction history
Surprise Lake Holdings LLC · 5 yrs held
Surprise Lake Holdings LLC
since 2021
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.2M
+2.4%
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 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
$4,945,000
ML approach
$4,950,000
CAP Approach
CAP Return
Estimation
6%
$4,565,000
6.5%
$4,215,000
7%
$3,915,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,010,000
Current use
WAREHOUSE, STORAGE
$7,175,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$4.46M
Range $4.01M – $4.90M · ±10% · vs last sale $3.75M (Jun 14 2021)
Last sale anchor
$3.75M
Jun 14 2021
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
$247 / 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
$65,083
Tax year 2023
Assessed value
$3,072,886
Assessed 2023
Previous assessed
$2,630,475
+16.8% YoY
Effective rate
2.12%
On assessed value
Assessed land
$660,946
Assessed improvement
$2,411,940
Land market value
$660,946
Improvement market value
$2,411,940
Total market value
$3,072,886
Applied tax rate
56,401.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
18,043 SF
Lot
0.98 ac (42,754 SF)
Zoning code
IL
APN
56-42-42-25-02-000-0100
UPID
US18-3560068
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FL
Zoning IL · permitted uses
IL · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$7.2M
COMMERCIAL (GENERAL) Current
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Surprise Lake Holdings LLC
Entity
Mailing address
4014 CHASE AVE STE #220, MIAMI, FL 33140-3446
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
$3,750,000
Surprise Lake Holdings LLC
Store Master Funding Xi LLC
Special Warranty Deed
$1,875,000 · Centennial Bank
Aug 5, 2016
$2,954,965
Store Master Funding Xi LLC
Apr Rerivera Beach LLC
Special Warranty Deed
—
Jul 11, 2016
$1,389,266
Pet Paradise-riviera Bch Re Ll
Pet Paradise-riviera Beach LLC
Quit Claim Deed
related
—
Jul 14, 2015
$2,450,000
Pet Paradise Riviera Beach LLC
House Of Worship LLC
Warranty Deed
$1,456,000 · Fifth Third Bank
Jun 15, 2005
$1,800,000
House Of Worship LLC
Karins Imports INC
Warranty Deed
—
Nov 6, 2000
$1,760,000
Karins Imports INC
Palm Beacher Draperies & Bedsp
Grant Deed
$1,315,000 · Seller
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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