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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Medical Office Space
851 Us Hwy 1st 1 Tequesta, FL 33469-2348
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4581462
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
CONCRETE
Total area
4,112 SF
Lot
0.42 ac (18,273 SF)
Zoning code
C-2
APN
60-43-40-30-02-001-0010
UPID
US18-4581462
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
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
851 N Us Highway 1 Management LLC · 2 yrs held
851 N Us Highway 1 Management LLC
since 2023
6 recorded transactions
Zoning & alternative use
C-2 · Tequesta, 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 Tequesta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tequesta 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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,365,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
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
$208 / 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
$28,634
Tax year 2023
Assessed value
$1,414,085
Assessed 2023
Previous assessed
$1,356,447
+4.2% YoY
Effective rate
2.02%
On assessed value
Assessed land
$635,352
Assessed improvement
$778,733
Land market value
$635,352
Improvement market value
$778,733
Total market value
$1,414,085
Applied tax rate
60,461.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,112 SF
Lot
0.42 ac (18,273 SF)
Zoning code
C-2
APN
60-43-40-30-02-001-0010
UPID
US18-4581462
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Tequesta, FL
Zoning C-2 · permitted uses
C-2 · Tequesta, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tequesta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.4M
WAREHOUSE, STORAGE
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
2013
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
851 N Us Highway 1 Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
851 N US HWY 1ST 1, TEQUESTA, FL 33469-2348
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2023
—
851 N Us Highway 1 Management LLC
851 N Us Highway 1 Lllp
Correction Deed
related
—
Jan 25, 2013
—
851 N Us Highway 1 LLC
851 N Us Highway 1 Lllp
Quit Claim Deed
related
—
Sep 26, 2011
$482,500
851 N Us Highway 1 Lllp
Rocchio,anthony & Carmela
Warranty Deed
—
Apr 28, 2004
—
Anthony Rocchio
Gordon,tr
Quit Claim Deed
related
—
Apr 28, 2004
$375,000
Anthony Rocchio
Gordon,tr
Grant Deed
—
—
—
Samuel L Longenecker
—
Deed Of Trust
related
$250,000 · Colonial 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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