Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    847 Southern Blvd West Palm Beach, FL 33405-2529
    Back to Search
    Property profile & analytics

    847 Southern Blvd, West Palm Beach, FL 33405-2529

    View on Map
    • Gas stations
    • 2,072 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US18-3184091
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kaiser's Treasures / (Bike/Boat/Book/etc) Store
    • West Palm Gas / Gas Station
    • Gas Food Mart / Grocery & Convenience Store
    • Bitcoin Depot - Bitcoin ATM / Crypto Atm / Atm
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 847 Southern Blvd

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    0.21 lot acres
    Zone code
    GC
    Property type
    Gas stations
    APN
    74-43-43-33-07-000-0160
    APU
    74434333070000160

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 7, 2024 — Angel R Fernandez — Deed · related $500k · Andrea Holdings LLC
    Jul 27, 2017 — Victoria,maria Trust Paulette,maria V Quit Claim Deed · related —
    Jun 1, 1986 $230,000 Thomas C Hahn Union,oil Co Of Cal Grant Deed · related $207k · Union Oil/ca

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $714,000
      Market price range: $715k - $1.33M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0626
    Latitude
    26.6761
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,502
    $421,020
    $299,189
    $720,209
    -
    $421,020
    $299,189
    $720,209

    Comparable in this City

    • Value Estimation
      $715,000
      2,148 SF

      701 Belvedere Rd

      SERVICE STATION (FULL SERVICE)
      701 Belvedere Rd, West Palm Beach, FL 33405-1107
      View Details
    • Value Estimation by Request
      1,206 SF

      3712 Olive Ave

      SERVICE STATION (FULL SERVICE)
      3712 Olive Ave, West Palm Beach, FL 33405-2316
      View Details
    • Value Estimation by Request
      1,260 SF

      5201 Dixie Hwy

      SERVICE STATION (FULL SERVICE)
      5201 Dixie Hwy, West Palm Beach, FL 33405-3228
      View Details
    • Value Estimation
      $555,000
      880 SF

      4000 Dixie Hwy

      SERVICE STATION (FULL SERVICE)
      4000 Dixie Hwy, West Palm Beach, FL 33405-2602
      View Details
    • Value Estimation by Request
      924 SF

      805 Southern Blvd

      SERVICE STATION (FULL SERVICE)
      805 Southern Blvd, West Palm Beach, FL 33405-2529
      View Details
    • Value Estimation by Request
      4,872 SF

      525 Frst Hl Blvd

      AUTO REPAIR, GARAGE
      525 Frst Hl Blvd, West Palm Beach, FL 33405-4617
      View Details

    Similar Nearby for Sale

    • $1,395,000
      2,420 SF

      West Palm Beach Commercial Building

      2420 SF industrial building on 0.13-acre lot, West Palm Beach.
      1420 Forsythe Rd, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      1,984 SF

      Retail Building in SoSo Corridor

      1,984 SF standalone retail building with frontage and signage.
      5023 S Dixie Hwy, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      5,482 SF

      Multi-Tenant Plaza with Residential Unit

      Renovated commercial plaza with residential unit in West Palm Beach.
      2730 S Dixie Hwy, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      1,339 SF

      Freestanding Commercial Building on Corner Lot

      Freestanding commercial building in booming West Palm Beach market.
      6900 S Dixie Hwy, West Palm Beach, FL 33405
      View Details

    Similar Nearby for Lease

    • $9,500 /Mo

      Georgia Avenue Commercial Land Lease

      High-visibility commercial land for lease in vibrant Georgia Avenue Design District.
      5913 Georgia Ave, West Palm Beach, FL 33405
      View Details
    • Contact for pricing

      Premier Mixed-Use Campus in West Palm

      Class A offices and retail in a unique West Palm campus.
      2751 South Dixie Hwy, West Palm Beach, FL 33405
      View Details
    • $5,000 /Mo

      Prime Antique Row Retail Space

      High-visibility retail/showroom space in West Palm Beach's Antique Row.
      3721 S Dixie Hwy, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      2,400 SF

      West Palm Beach Retail Space

      Retail space available in West Palm Beach, Florida.
      500-642 Belvedere Rd, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in West Palm

      Retail spaces available in West Palm Beach shopping center.
      804-848 Southern Blvd, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in West Palm

      Retail space available for lease in West Palm Beach.
      928 Belvedere Rd W, Palm Beach, FL 33405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    847 Southern Blvd
    West Palm Beach, FL 33405-2529
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    847 Southern Blvd, West Palm Beach, FL, 33405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!