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Property profile & analytics
FOR LEASE
Showrooms
7970 Central Industrial Dr Riviera Beach, FL 33404
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4545760
For Lease
1 / 4
$9.95 SF/Yr
7970 Central Industrial Dr, Riviera Beach, FL 33404
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Construction
CONCRETE
Total area
38,941 SF
Lot
3.08 ac (134,117 SF)
Zoning code
IL
APN
56-43-42-30-24-000-0010
UPID
US18-4545760
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
$9.10M
Comparable Approach
Comparable
$10.32M
Blend (final)
Blend
$8.41M
Owner & transaction history
Five III Ap Fl LLC · 2 yrs held
Five III Ap Fl LLC
since 2023
4 recorded transactions
Zoning & alternative use
IL · Riviera Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.8M
+55.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,850,000
6.5%
$9,095,000
7%
$8,445,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,845,000
Current use
OFFICE BUILDING
$13,780,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$8.41M
Range $7.56M – $9.25M · ±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
$216 / 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
$114,964
Tax year 2023
Assessed value
$5,136,566
Assessed 2023
Previous assessed
$3,656,240
+40.5% YoY
Effective rate
2.24%
On assessed value
Assessed land
$1,243,274
Assessed improvement
$3,893,292
Land market value
$1,243,274
Improvement market value
$3,893,292
Total market value
$5,136,566
Applied tax rate
56,407.0000
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
For Lease
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
38,941 SF
Lot
3.08 ac (134,117 SF)
Zoning code
IL
APN
56-43-42-30-24-000-0010
UPID
US18-4545760
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Riviera Beach, FL
Zoning 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
Riviera Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.8M
OFFICE BUILDING
Est. value
$13.8M
COMMERCIAL (GENERAL) Current
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
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.08 ac
Current owner
From public records · entity-resolved
Five III Ap Fl LLC
Entity
Mailing address
111 RIV ST #1010, HOBOKEN, NJ 07030-5773
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2023
—
Five III Ap Fl LLC
Five III Fl2 LLC
Special Warranty Deed
$14,700,000 · Athene Annuity And Life Company
Jun 27, 2022
$8,400,000
Fivf III Fl2 LLC
Spirit Master Funding X LLC
Special Warranty Deed
—
Mar 18, 2020
$4,410,331
Spirit Master Funding X LLC
Mac Papers INC
Grant Deed
—
Dec 28, 2012
$2,550,000
Mac Papers INC
Mcgehee Realty Of Palm Bch Cnty L
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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