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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Showrooms
715 25th St, West Palm Beach, FL 33407-5303
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4198664
Property summary
AI-generated overview
This exceptional Palm Beach County industrial property offers a unique portfolio opportunity. The 19,145-square-foot space is divisible and comprises several distinct areas ideal for various business needs. A first-floor showroom totaling 5,400 square feet is available at $18.50 per square foot annually. Above, 5,400 square feet of second-floor office space is offered at $12.00 per square foot annually. Additionally, a 5,500-square-foot warehouse is available for lease at $14.50 per square foot annually. Finally, a separate 3,500-square-foot stand-alone building is also available at a rate of $15.00 per square foot annually. This flexible layout allows for leasing individual spaces to suit specific requirements or the entire portfolio for a larger operation. The property's location in historic Northwood offers excellent accessibility and visibility. All spaces are currently vacant, presenting a rare opportunity to customize the space to meet your business needs. The property is classified as multi-tenant and is situated in Palm Beach County. Contact us today to explore this versatile and strategically located industrial property.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1948
Construction
WOOD
Total area
3,721 SF
Lot
0.64 ac (27,822 SF)
Zoning code
I
APN
74-43-43-09-06-014-0010
UPID
US18-4198664
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
-
Marjam Gap Ledges Park
-
Marjam Supply Co Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$695k
Owner & transaction history
State Of Florida Dept & Transportat · 9 yrs held
State Of Florida Dept & Transportat
since 2016
1 recorded transaction
Zoning & alternative use
I · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$940,000
6.5%
$870,000
7%
$805,000
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$187 / 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
$30,844
Tax year 2023
Assessed value
$1,427,301
Assessed 2023
Previous assessed
$1,202,605
+18.7% YoY
Effective rate
2.16%
On assessed value
Assessed land
$225,898
Assessed improvement
$1,201,403
Land market value
$225,898
Improvement market value
$1,201,403
Total market value
$1,427,301
Applied tax rate
74,407.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
3,721 SF
Lot
0.64 ac (27,822 SF)
Zoning code
I
APN
74-43-43-09-06-014-0010
UPID
US18-4198664
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · West Palm Beach, FL
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.64 ac
Current owner
From public records · entity-resolved
State Of Florida Dept & Transportat
Entity
Free & Clear · 9 yrs held
Mailing address
885 CONKLIN ST, FARMINGDALE, NY 11735-2400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2016
—
State Of Florida Dept & Transportat
Jesaj West Palm Beach LLC
Grant Deed
related
—
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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