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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Showrooms
7153 Southern Blvd West Palm Beach, FL 33413-1646
Trust Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0386805
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
STEEL FRAME
Total area
6,990 SF
Lot
0.99 ac (43,094 SF)
Zoning code
IL
APN
00-42-43-27-05-006-3705
UPID
US19-0386805
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
-
HD Trailers Car Dealership
-
Truck Parts of Palm Beach Auto Parts Store
-
Ron's Auto Repair Auto Repair Shop
-
FIS Outdoor Big Box & Wholesale Store
-
Tech9 Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Schmidt Frederick J Trust · 14 yrs held
Schmidt Frederick J Trust
since 2012
7 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (I) district. Sec. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-…
Zone name
Industrial Light
General category
INDUSTRIAL
Zone area
137.06 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$142 / 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
$22,252
Tax year 2023
Assessed value
$1,374,864
Assessed 2023
Previous assessed
$1,154,723
+19.1% YoY
Effective rate
1.62%
On assessed value
Assessed land
$646,395
Assessed improvement
$728,469
Land market value
$646,395
Improvement market value
$728,469
Total market value
$1,374,864
Applied tax rate
192.0000
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
1979
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
6,990 SF
Lot
0.99 ac (43,094 SF)
Zoning code
IL
APN
00-42-43-27-05-006-3705
UPID
US19-0386805
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FLZoning 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
Zoning description
d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (I) district. Sec. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General de
Zone name
Industrial Light
General category
INDUSTRIAL
Zone area
137.06 ac
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Schmidt Frederick J Trust
Trust
Mailing address
8233 GATOR LN STE #18, WEST PALM BEACH, FL 33411-3789
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2017
—
7153c Southern Industrial LLC
—
Deed
related
$1,132,380 · First Bk/the Palm Beaches
Jun 28, 2012
—
Schmidt Frederick J Trust
Schmidt,frederick J
Quit Claim Deed
related
—
Jun 10, 2009
—
Straight West Palm Bch L Shoot
7153c Southern Industrial LLC
Quit Claim Deed
related
—
Feb 15, 2007
$140,179
7153c Southern Industrial LLC
Marks Tire & Service INC
Quit Claim Deed
related
—
Feb 15, 2007
$800,620
7153c Southern Industrial LLC
Marks Tire & Service INC
Warranty Deed
—
—
—
7153c Southern Industrial LLC
—
Loan Modification
related
$1,132,380 · First Bk/the Palm Beaches
—
—
Marks Tire & Service INC
—
Deed Of Trust
related
$250,000 · Anthony Ard Md Pa Psp
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
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