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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Industrial properties
8380 Resource Rd West Palm Beach, FL 33404-1733
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2310851
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2002
Construction
CONCRETE
Total area
12,194 SF
Lot
1.07 ac (46,657 SF)
Zoning code
IL
APN
00-43-42-19-05-004-0130
UPID
US18-2310851
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
-
Marlin P. Jones & Assoc. Inc. Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.79M
Owner & transaction history
Larry W Jackson · 1 yrs held
Larry W Jackson
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,085,000
6.5%
$2,850,000
7%
$2,645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,770,000
Current use
OFFICE BUILDING
$4,315,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10% · vs last sale $2.85M (Mar 9 2025)
Last sale anchor
$2.85M
Mar 9 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
$229 / 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
$35,893
Tax year 2023
Assessed value
$2,317,555
Assessed 2023
Previous assessed
$1,817,672
+27.5% YoY
Effective rate
1.55%
On assessed value
Assessed land
$584,146
Assessed improvement
$1,733,409
Land market value
$584,146
Improvement market value
$1,733,409
Total market value
$2,317,555
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
12,194 SF
Lot
1.07 ac (46,657 SF)
Zoning code
IL
APN
00-43-42-19-05-004-0130
UPID
US18-2310851
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
$2.8M
OFFICE BUILDING
Est. value
$4.3M
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Larry W Jackson
Individual
Mailing address
8380 RESOURCE RD, RIVIERA BEACH, FL 33404-1733
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2025
$2,850,000
Larry W Jackson
Cayman Of Palm Beach County LLC
Warranty Deed
—
Aug 18, 2022
—
Diane G Lettick
Diane G Lettick
Intrafamily Transfer
related
—
Jan 15, 2015
—
James D Ryan
Ryan,thomas F
Quit Claim Deed
related
—
Apr 24, 2012
—
Diane G Lettick
Lettick,diane G
Quit Claim Deed
related
—
Nov 23, 2011
$1,145,000
Cayman Of Palm Beach Cnty LLC
Legacy Bk Of Fl
Grant Deed
$916,000 · Pnc Bank
Sep 29, 2011
—
Diane G Lettick
Empire Investment Group LLC
Quit Claim Deed
related
—
Oct 5, 2010
$2,540,000
Legacy Bk Of Fl
Resource Drive Associates LLC
Warranty Deed
—
Oct 9, 2001
—
Resource Drive Associates LLC
—
Trustees Deed
related
$1,150,000 · Enterprise Nat'l Bank Palm Bea
Mar 26, 2001
$400,000
Resource Drive Associates LLC
Oconnor & Taylor INC
Grant Deed
—
Jul 30, 1998
$214,285
Oconnor And Taylor INC
Riley Trust
Grant Deed
—
—
—
Resource Drive Associates LLC
—
Deed Of Trust
related
$650,000 · Integrity 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.
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