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Property profile & analytics
OFF-MARKET
Estimated value
$5,780,000
Office buildings
777 Us Hwy 1st 1 Tequesta, FL 33469-2741
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3143847
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2021
Construction
CONCRETE
Total area
15,262 SF
Lot
0.48 ac (20,974 SF)
Zoning code
C-2
APN
60-43-40-30-02-005-0010
UPID
US18-3143847
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
$6.64M
Comparable Approach
Comparable
$6.17M
Blend (final)
Blend
$5.78M
Owner & transaction history
State Of Florida Dept Of Trans · 7 yrs held
State Of Florida Dept Of Trans
since 2019
5 recorded transactions
Zoning & alternative use
C-2 · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.5M
+40.4%
Retail stores
$6.1M
+13.3%
Neighborhood: shopping center
$6.0M
+12.3%
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%
$7,190,000
6.5%
$6,640,000
7%
$6,165,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,370,000
Current use
AUTO REPAIR, GARAGE
$7,540,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$6,085,000
Change: +13% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,030,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$6,015,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,845,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$5.78M
Range $5.20M – $6.36M · ±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
$379 / 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
$95,964
Tax year 2023
Assessed value
$4,839,046
Assessed 2023
Previous assessed
$4,188,049
+15.5% YoY
Effective rate
1.98%
On assessed value
Assessed land
$891,438
Assessed improvement
$3,947,608
Land market value
$891,438
Improvement market value
$3,947,608
Total market value
$4,839,046
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
2021
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
15,262 SF
Lot
0.48 ac (20,974 SF)
Zoning code
C-2
APN
60-43-40-30-02-005-0010
UPID
US18-3143847
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
$5.4M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RETAIL STORES
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
2021
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.48 ac
Current owner
From public records · entity-resolved
State Of Florida Dept Of Trans
Entity
Free & Clear · 7 yrs held
Mailing address
3309 NORTHLAKE BLVD STE #201, PALM BEACH GARDENS, FL 33403-1705
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2019
$100
State Of Florida Dept Of Trans
777 Us Highway 1 LLC
Warranty Deed
related
—
Jul 11, 2018
—
777 Us Highway 1 LLC
Bartl Real Estate INC
Quit Claim Deed
related
—
Nov 6, 2017
—
777 Us Highway 1 LLC
Bartl Real Estate INC
Quit Claim Deed
related
—
Jun 8, 2016
$660,000
Bartl Real Estate INC
Smallegange,bastiaan
Warranty Deed
—
Feb 24, 2004
$300,000
Turtle Beach Const Co INC
Howell,deborah
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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