New search
Property profile & analytics
FOR SALE
Office buildings
713 W Palm Dr, Florida City, FL 33034
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6347379
For Sale
1 / 39
$13,800,000
713 W Palm Dr, Florida City, FL 33034
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2011
Construction
CONCRETE
Total area
30,421 SF
Lot
1.47 ac (64,030 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
16-7825-000-0390
UPID
US18-6347379
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
by Request
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$6.20M
Owner & transaction history
713 West Palm Drive LLC · 4 yrs held
713 West Palm Drive LLC
since 2022
5 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Florida City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.2M
+8.9%
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 Florida City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florida City 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,335,000
Current use
COMMERCIAL (GENERAL)
$10,170,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,730,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$7,710,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±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
$204 / 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
$90,946
Tax year 2023
Assessed value
$4,205,750
Assessed 2023
Previous assessed
$4,247,041
-1.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$448,210
Assessed improvement
$3,757,540
Land market value
$448,210
Improvement market value
$3,757,540
Total market value
$4,205,750
Applied tax rate
1,600.0000
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
For Sale
Year built
2011
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
30,421 SF
Lot
1.47 ac (64,030 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
16-7825-000-0390
UPID
US18-6347379
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Florida City, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Florida City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florida City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$10.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
RETAIL STORES
Est. value
$7.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2011
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
1.47 ac
Current owner
From public records · entity-resolved
713 West Palm Drive LLC
Entity
Mailing address
2334 N FEDERAL HWY #470, BOCA RATON, FL 33431-7712
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
—
713 West Palm Drive LLC
F P Dino INC
Warranty Deed
$5,960,000 · City National Bank Of Florida
Jan 18, 2011
$1,000,000
Fp Dino INC
Work America INC
Warranty Deed
$4,800,000 · Northwest Savings Bank
Jul 10, 2000
$250,000
Work America INC
Florida City Community Redev
Grant Deed
$50,000 · Florida City (fl)
Oct 23, 1998
$250,000
Florida City Community Redevel
Howard Trust
Grant Deed
$200,000 · Seller
—
—
Fp Dino INC
—
Deed Of Trust
related
$5,700,000 · Eastern National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
