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Property profile & analytics
OFF-MARKET
Office buildings
721 Us Hwy 1st Ste 215 North Palm Beach, FL 33408-4527
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-1008434
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
CONCRETE BLOCKS
Total area
1,200 SF
APN
68-43-42-16-20-000-0170
UPID
US18-1008434
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kristina Smith · 4 yrs held
Kristina Smith
since 2022
Last sale
$190,000
7 recorded transactions
Zoning & alternative use
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 North Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
—
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
$3,301
Tax year 2023
Assessed value
$156,601
Assessed 2023
Previous assessed
$138,853
+12.8% YoY
Effective rate
2.11%
On assessed value
Assessed improvement
$156,601
Improvement market value
$156,601
Total market value
$156,601
Applied tax rate
68,401.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
1,200 SF
APN
68-43-42-16-20-000-0170
UPID
US18-1008434
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE BLOCKS
Heating
NONE
Current owner
From public records · entity-resolved
Kristina Smith
Individual
Free & Clear · 4 yrs held
Mailing address
209 DANUBE WAY, PALM BEACH GARDENS, FL 33410-2186
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
$190,000
Kristina Smith
Panetta Development Corp
Warranty Deed
—
Aug 13, 2015
—
Panetta Dev Corp
Pn Properties North LLC
Quit Claim Deed
related
—
Jul 20, 2015
—
Panetta Dev Corp
Panetta,richard A
Quit Claim Deed
related
—
Sep 28, 2007
$190,000
Pn Properties North LLC
721 Us Hwy 1 LLC
Warranty Deed
—
May 29, 2002
$108,000
721 Us Hwy 1 LLC
Spencer,sarah M
Grant Deed
$86,000 · First Union National Bank
Aug 20, 1999
$60,000
Stephen L Spencer
Benevides,john
Grant Deed
$47,500 · Seller
Jan 7, 1998
$55,000
John Benevides
Mary E Rice Trustee
Grant Deed
$41,250 · 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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