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Property profile & analytics
FOR LEASE
Showrooms
8360 Currency Dr, West Palm Beach, FL 33404
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-0240862
For Lease
1 / 4
$3,510,000
8360 Currency Dr, West Palm Beach, FL 33404
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1999
Construction
STEEL FRAME
Total area
16,380 SF
Lot
1.1 ac (48,051 SF)
Zoning code
IL
APN
00-43-42-19-05-005-0090
UPID
US18-0240862
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
-
Anchor Marine Services Inc Sustainability Organization Advocacy Group
-
Architectural Foam Fabrications Industrial Manufacturer Production Facility
-
FASTSIGNS (Bike/Boat/Book/etc) Store Printing Service
-
Federico's Auto Towings Company West Palm Beach Auto Parts Store
-
Gutter Professionals Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.76M
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.51M
Owner & transaction history
Vsksmd LLC · 1 yrs held
Vsksmd LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.8M
+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 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
$2,930,000
ML approach
$2,760,000
CAP Approach
CAP Return
Estimation
6%
$4,145,000
6.5%
$3,825,000
7%
$3,550,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,720,000
Current use
OFFICE BUILDING
$5,795,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±10% · vs last sale $3.50M (May 22 2025)
Last sale anchor
$3.50M
May 22 2025
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
$214 / 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
$31,472
Tax year 2023
Assessed value
$1,886,539
Assessed 2023
Previous assessed
$1,544,976
+22.1% YoY
Effective rate
1.67%
On assessed value
Assessed land
$494,915
Assessed improvement
$1,391,624
Land market value
$494,915
Improvement market value
$1,391,624
Total market value
$1,886,539
Applied tax rate
227.0000
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
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
16,380 SF
Lot
1.1 ac (48,051 SF)
Zoning code
IL
APN
00-43-42-19-05-005-0090
UPID
US18-0240862
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$5.8M
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
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Vsksmd LLC
Entity
Free & Clear · 1 yrs held
Mailing address
640 KINGFISH RD, NORTH PALM BEACH, FL 33408-3706
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
$3,500,000
Vsksmd LLC
1031 LLC
Warranty Deed
—
Nov 19, 2015
$1,220,000
1031 LLC
Hybrid Of South Florida LLC
Grant Deed
—
Dec 31, 2009
$600,000
Hybrid LLC
West Palm Properties INC
Warranty Deed
—
Aug 27, 2009
$500,100
West Palm Properties INC
Heritage Hse Restauran Coc
Trustees Deed
related
—
Nov 29, 2006
$1,635,000
Heritage House Restaurants INC
Currency Street INC
Warranty Deed
$115,098 · Alan M Murphy
Dec 16, 2005
$1,600,000
Currency Street INC
West Palm Properties INC
Warranty Deed
$1,129,400 · West Palm Properties INC
Aug 6, 1999
$750,000
Boca Fontana Plaza INC
Clark Trust
Grant Deed
—
Jul 13, 1998
$180,000
Clark Trust
Flood,kenneth U & Anita M
Grant Deed
$632,000 · Fidelity Fsb Florida
—
—
Boca Fontana Plaza INC
—
Deed Of Trust
related
$562,500 · 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.
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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