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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Outlet malls
8031 Military Trl West Palm Beach, FL 33410-6323
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5612241
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1977
Construction
CONCRETE
Total area
22,356 SF
Lot
2.22 ac (96,725 SF)
Zoning code
CG
APN
00-42-42-24-01-000-0883
UPID
US18-5612241
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
Current use
Occupant on record · Public records
-
DejaVu Estate Sales & Auctions, LLC Trade Show Venue (Bike/Boat/Book/etc) Store
-
PLAYMOBIL FunPark Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
$4.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.65M
Owner & transaction history
Thume LLC · 2 yrs held
Thume LLC
since 2024
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,650,000
ML approach
$3,650,000
CAP Approach
CAP Return
Estimation
6%
$5,270,000
6.5%
$4,860,000
7%
$4,515,000
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±10% · vs last sale $3.65M (Apr 12 2024)
Last sale anchor
$3.65M
Apr 12 2024
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
$163 / 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
$40,873
Tax year 2023
Assessed value
$2,226,750
Assessed 2023
Previous assessed
$1,953,326
+14.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$1,354,122
Assessed improvement
$872,628
Land market value
$1,354,122
Improvement market value
$872,628
Total market value
$2,226,750
Applied tax rate
221.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
22,356 SF
Lot
2.22 ac (96,725 SF)
Zoning code
CG
APN
00-42-42-24-01-000-0883
UPID
US18-5612241
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · West Palm Beach, FL
Zoning CG · permitted uses
CG · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
Thume LLC
Entity
Free & Clear · 2 yrs held
Mailing address
226 WORTH AVEA, PALM BEACH, FL 33480-4615
Ownership since
2024
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
Oct 30, 2024
—
Thume LLC
—
Deed
related
$2,200,000 · Seacoast National Bank
Apr 12, 2024
$3,650,000
Thume LLC
Joel Medgebow
Warranty Deed
—
Nov 18, 2021
$3,000,000
Daniel Bouaziz
Grapefruit Tree Realty LLC
Warranty Deed
$2,200,000 · Grapefruit Tree Realty LLC
Feb 23, 2021
$1,900,000
Grapefruit Tree Realty LLC
8031 N Military LLC
Special Warranty Deed
—
Jul 10, 2020
$1,700,000
8031 N Military LLC
Playmobil USA INC
Warranty 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.
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