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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Residential income homes
741 Gotham Ct West Palm Beach, FL 33405
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-2819287
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1935
Construction
WOOD
Total area
5,180 SF
Lot
0.56 ac (24,298 SF)
Zoning code
MF20
APN
74-43-43-33-08-000-0370
UPID
US18-2819287
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
$1.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Chesterfield Apartments LLC · 7 yrs held
Chesterfield Apartments LLC
since 2019
3 recorded transactions
Zoning & alternative use
MF20 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
SF11) high density residential district. Sec. 94-74. - Single-family high density (SF14) residential district. Sec. 94-75. - Multifamily low density (MF14) residential district. Sec. 94-76. - Multifamily medium density (MF20) residential district. Sec. 94-77. - Multifamily high density (MF32) residential district. Sec. 94-78. - Historic residential districts…
Zone name
Multifamily Medium Density Residential
General category
RESIDENTIAL
Zone area
102.52 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,615,000
6.5%
$1,490,000
7%
$1,385,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$97 / 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
$19,092
Tax year 2023
Assessed value
$892,291
Assessed 2023
Previous assessed
$892,291
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$276,000
Assessed improvement
$616,291
Land market value
$276,000
Improvement market value
$616,291
Total market value
$892,291
Applied tax rate
74,402.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
2
Units
4
Bathrooms
12
Total area
5,180 SF
Lot
0.56 ac (24,298 SF)
Zoning code
MF20
APN
74-43-43-33-08-000-0370
UPID
US18-2819287
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF20 · West Palm Beach, FLZoning MF20 · permitted uses
MF20 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
SF11) high density residential district. Sec. 94-74. - Single-family high density (SF14) residential district. Sec. 94-75. - Multifamily low density (MF14) residential district. Sec. 94-76. - Multifamily medium density (MF20) residential district. Sec. 94-77. - Multifamily high density (MF32) residential district. Sec. 94-78. - Historic residential districts. Sec. 94-79. - Historic residential design standards. Sec. 94-80. - Historic single
Zone name
Multifamily Medium Density Residential
General category
RESIDENTIAL
Zone area
102.52 ac
Building & site characteristics
From public records
Year built
1935
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Units
4
Bathrooms
12
Lot
0.56 ac
Current owner
From public records · entity-resolved
Chesterfield Apartments LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1615 ARLINGTON DR, WEST PALM BEACH, FL 33406-8701
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2019
$100
Chesterfield Apartments LLC
Mezquita,estrella L
Warranty Deed
—
—
—
Beverly Armstrong
—
Deed Of Trust
related
$100,000 · First Union National Bank
—
—
Rolando Mezquita
—
Deed Of Trust
related
$50,000 · First Union National 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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