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Property profile & analytics
OFF-MARKET
Estimated value
$7,640,000
Turn key restaurants
8199 Southern Blvd West Palm Beach, FL 33411-3781
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0953862
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2016
Construction
CONCRETE
Total area
20,490 SF
Lot
3.02 ac (131,351 SF)
Zoning code
IL
APN
00-42-43-27-05-007-0373
UPID
US18-0953862
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
-
Accident Lawyers Wells Firm Law Firm Insurance Agency
-
The Banyan Live Music Venue Bar & Pub
-
ORA Ultra Cabaret Nightclub Bar & Pub
-
ORA Live Event Center Nightclub DJ & Entertainment
-
Epic Palm Beach Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.57M
Blend (final)
Blend
$7.64M
Owner & transaction history
Wpb Premier Properties LLC · 5 yrs held
Wpb Premier Properties LLC
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
IL · 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
$7,910,000
ML approach
$7,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.64M
Range $6.88M – $8.40M · ±10% · vs last sale $6.00M (Jun 4 2021)
Last sale anchor
$6.00M
Jun 4 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
$373 / 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
$143,356
Tax year 2023
Assessed value
$7,241,231
Assessed 2023
Previous assessed
$6,657,344
+8.8% YoY
Effective rate
1.98%
On assessed value
Assessed land
$2,654,644
Assessed improvement
$4,586,587
Land market value
$2,654,644
Improvement market value
$4,586,587
Total market value
$7,241,231
Applied tax rate
192.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
20,490 SF
Lot
3.02 ac (131,351 SF)
Zoning code
IL
APN
00-42-43-27-05-007-0373
UPID
US18-0953862
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FL
Zoning IL · permitted uses
IL · 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
2016
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
3.02 ac
Current owner
From public records · entity-resolved
Wpb Premier Properties LLC
Entity
Mailing address
5221 E COLONIAL DR, ORLANDO, FL 32807-1814
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 4, 2021
$6,000,000
Wpb Premier Properties LLC
8162 Southern Blvd LLC
Special Warranty Deed
$100,000 · 8162 Southern Blvd LLC
May 18, 2021
—
8162 Southern Blvd LLC
Lake Worth Drainage District
Correction Deed
related
—
Mar 22, 2021
—
8162 Southern Blvd LLC
Lake Worth Drainage District
Quit Claim Deed
related
—
Jun 7, 2016
—
8162 Southern Blvd LLC
S & J Property Holdings LLC
Grant Deed
related
$4,735,000 · M&t Bk
Sep 9, 2014
—
8162 Southern Boulevard LLC
S & J Property Holdings LLC
Quit Claim Deed
related
—
May 15, 2014
—
8162 Southern Boulevard LLC
S & J Property Holdings LLC
Grant Deed
—
Mar 13, 2013
—
S & J Property Holdings LLC
Macran Corp
Quit Claim Deed
related
—
Mar 13, 2013
$1,930,000
S & J Property Holdings LLC
Macran Corp
Warranty Deed
—
Apr 12, 2001
$890,000
Macran Corp
Brox,george C
Grant Deed
—
—
—
8162 Southern Blvd LLC
—
Deed Of Trust
related
$4,735,000 · M&t 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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