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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Office buildings
731 Us Hwy 1st 1 Tequesta, FL 33469-2218
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-0082312
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
CONCRETE
Total area
6,696 SF
Lot
0.44 ac (19,201 SF)
Zoning code
C-2
APN
60-43-40-30-02-002-0060
UPID
US18-0082312
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
$1.82M
Blend (final)
Blend
$1.64M
Owner & transaction history
White Rabbit Properties LLC · 10 yrs held
White Rabbit Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
C-2 · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+13.3%
Neighborhood: shopping center
$2.6M
+12.3%
Medical building
$2.6M
+12.0%
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 Tequesta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tequesta 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
$2,355,000
Current use
RETAIL STORES
$2,670,000
Change: +13% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,645,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$2,640,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,565,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±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
$245 / 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
$29,791
Tax year 2023
Assessed value
$1,425,481
Assessed 2023
Previous assessed
$1,337,199
+6.6% YoY
Effective rate
2.09%
On assessed value
Assessed land
$667,584
Assessed improvement
$757,897
Land market value
$667,584
Improvement market value
$757,897
Total market value
$1,425,481
Applied tax rate
60,461.0000
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
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,696 SF
Lot
0.44 ac (19,201 SF)
Zoning code
C-2
APN
60-43-40-30-02-002-0060
UPID
US18-0082312
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Tequesta, FL
Zoning C-2 · permitted uses
C-2 · Tequesta, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tequesta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
RETAIL STORES
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
White Rabbit Properties LLC
Entity
Mailing address
731 N US HWY 1ST 1, TEQUESTA, FL 33469-2218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Compass Health Properties LLC
—
Deed
related
$1,280,000 · Seacoast National Bank
Apr 1, 2019
—
White Rabbit Properties LLC
—
Deed
related
$2,500,000 · Comerica Bk
Jul 28, 2015
$825,000
White Rabbit Properties LLC
Wells Fargo Bk NA 2006-2
Grant Deed
—
Nov 5, 2014
$1,412,282
Wells Fargo Bank NA 2006-2 Tr
Biotech Properties LLC
Grant Deed
—
Aug 8, 2006
$1,700,000
Biotech Properties LLC
Kiser,jeffrey E
Warranty Deed
$1,445,000 · General Electric Capital Corp
May 15, 1998
$320,000
Jeffrey E Kiser
Phoenix Venture
Grant Deed
—
—
—
Jeffrey E Kiser
—
Deed Of Trust
related
$27,993 · Independent Community Bank
—
—
White Rabbit Properties LLC
—
Loan Modification
related
$2,500,000 · Comerica Bk
—
—
Maureen M Sullivan
—
Deed Of Trust
related
$30,000 · Independent Community 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.
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