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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Showrooms
840 Railroad Ave West Palm Beach, FL 33403-2386
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5434036
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1964
Construction
CONCRETE
Total area
2,652 SF
Lot
0.21 ac (9,191 SF)
Zoning code
BPD-5
APN
74-43-43-15-20-004-0430
UPID
US18-5434036
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
$725k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
439 7th Street LLC · 5 yrs held
439 7th Street LLC
since 2021
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
BPD-5 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the Brelsford Park district is to improve its quality with new infill development and renovation of existing structures, while the majority of the building stock is one and two story residential, new uses may include residential with live or work, professional offices, and design arts related uses
Zone name
Brelsford Park District 5
General category
RESIDENTIAL
Zone area
7.35 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.1M
+6.8%
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
$660,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,030,000
Current use
RETAIL STORES
$1,100,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$940,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $700k (Jul 9 2021)
Last sale anchor
$700k
Jul 9 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
$249 / 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
$8,663
Tax year 2023
Assessed value
$374,251
Assessed 2023
Previous assessed
$311,477
+20.2% YoY
Effective rate
2.31%
On assessed value
Assessed land
$165,438
Assessed improvement
$208,813
Land market value
$165,438
Improvement market value
$208,813
Total market value
$374,251
Applied tax rate
84,407.0000
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
Off-Market
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,652 SF
Lot
0.21 ac (9,191 SF)
Zoning code
BPD-5
APN
74-43-43-15-20-004-0430
UPID
US18-5434036
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BPD-5 · West Palm Beach, FLZoning BPD-5 · permitted uses
BPD-5 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the Brelsford Park district is to improve its quality with new infill development and renovation of existing structures, while the majority of the building stock is one and two story residential, new uses may include residential with live or work, professional offices, and design arts related uses
Zone name
Brelsford Park District 5
General category
RESIDENTIAL
Zone area
7.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$940,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
439 7th Street LLC
Entity
Mailing address
1105 N DIXIE HWY, WEST PALM BEACH, FL 33401-3333
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
$700,000
439 7th Street LLC
Railroad Avenue Real Estate LLC
Special Warranty Deed
$7,200,000 · Fryd Mortgage LLC
Jan 8, 2016
—
Railroad Avenue Real Estate
Ford,james S
Quit Claim Deed
related
—
Jan 7, 2016
—
James S Ford
Palm Beach Cast Stone INC
Quit Claim Deed
related
—
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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