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Property profile & analytics
OFF-MARKET
Estimated value
$5,985,000
Showrooms
7380 Central Industrial Dr Riviera Beach, FL 33404-3426
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1991382
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1973
Construction
CONCRETE
Total area
13,472 SF
Lot
2.27 ac (98,881 SF)
Zoning code
IL
APN
00-43-42-30-00-000-7130
UPID
US18-1991382
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
$6.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.61M
Blend (final)
Blend
$5.99M
Owner & transaction history
3660 3762 E Industrial Way LLC · 5 yrs held
3660 3762 E Industrial Way LLC
since 2021
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
IL · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Limited Industrial District
General category
INDUSTRIAL
Zone area
342.88 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$8.0M
+162.1%
Medical building
$7.3M
+138.2%
Auto repair, garage
$6.9M
+126.5%
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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$5,815,000
ML approach
$6,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,025,000
Change: +162% · Conversion: Moderate
MEDICAL BUILDING
$7,290,000
Change: +138% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,935,000
Change: +127% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,625,000
Change: +84% · Conversion: Moderate
RETAIL STORES
$5,590,000
Change: +83% · Conversion: Easy
OFFICE BUILDING
$4,765,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$5.99M
Range $5.39M – $6.58M · ±10% · vs last sale $6.15M (May 25 2021)
Last sale anchor
$6.15M
May 25 2021
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
$444 / 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
$60,772
Tax year 2023
Assessed value
$3,337,864
Assessed 2023
Previous assessed
$2,940,610
+13.5% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,027,518
Assessed improvement
$2,310,346
Land market value
$1,027,518
Improvement market value
$2,310,346
Total market value
$3,337,864
Applied tax rate
227.0000
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
1973
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
14
Total area
13,472 SF
Lot
2.27 ac (98,881 SF)
Zoning code
IL
APN
00-43-42-30-00-000-7130
UPID
US18-1991382
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Riviera Beach, FLZoning IL · permitted uses
IL · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Limited Industrial District
General category
INDUSTRIAL
Zone area
342.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.9M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
RETAIL STORES
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
14
Lot
2.27 ac
Current owner
From public records · entity-resolved
3660 3762 E Industrial Way LLC
Entity
Mailing address
210 SW 15TH ST, FORT LAUDERDALE, FL 33315-1705
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
—
3660 3762 E Industrial Way LLC
—
Deed
related
$6,250,000 · Brightstar Cu
May 25, 2021
$6,150,000
3660 3762 E Industrial Way LLC
Blue Heron Workspace 1 LLC
Special Warranty Deed
$6,150,000 · 210 Sw 15 Street LLC
Jul 26, 2019
—
Blue Heron Workspace 1 LLC
—
Deed
related
$937,500 · Valley Nat'l Bk
May 3, 2018
—
Blue Heron Workspace 1 LLC
—
Deed
related
$1,937,500 · Valley Bank
Jan 22, 2018
$2,525,000
Blue Heron Workspace 1 LLC
Geneva Bays 2 LLC
Warranty Deed
—
Apr 6, 2017
—
Geneva Bays 2 LLC
Csfb 2005-c1 Storage Props LLC
Grant Deed
related
—
Nov 7, 2016
$1,548,750
Geneva Bays 2 LLC
Csfb 2005-c1 Storage Props LLC
Grant Deed
$1,000,000 · Transcapital Bk
Mar 31, 2015
—
Csfb 2005-c1 Storage Props LLC
Carole Props & Mgmt In Coc
Trustees Deed
related
—
Mar 12, 2015
$3,661,300
Csfb 2005-c1 Storage Props
Carole Props & Mgmt In Coc
Trustees Deed
—
—
—
Blue Heron Workspace 1 LLC
—
Loan Modification
related
$937,500 · Valley Nat'l Bk
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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