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Property profile & analytics
OFF-MARKET
Estimated value
$4,060,000
Day care centers
8788 Military Trl Palm Beach Gardens, FL 33410-6240
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0369213
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1984
Construction
WOOD
Total area
8,150 SF
Lot
0.77 ac (33,585 SF)
Zoning code
CG1
APN
52-42-42-24-00-000-1450
UPID
US19-0369213
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
$3.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.15M
Blend (final)
Blend
$4.06M
Owner & transaction history
Freeport Surfside Xviii LLC · 3 yrs held
Freeport Surfside Xviii LLC
since 2022
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
CG1 · Palm Beach Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+61.7%
Apartment house (5+ units)
$4.9M
+25.9%
Medical building
$4.4M
+14.4%
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 Palm Beach Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Beach Gardens 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
$3,980,000
ML approach
$3,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$3,855,000
Current use
RESTAURANT
$6,235,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,855,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$4,410,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,195,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,400,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$3,380,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,240,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±10% · vs last sale $4.15M (Oct 29 2022)
Last sale anchor
$4.15M
Oct 29 2022
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
$498 / 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
$33,082
Tax year 2023
Assessed value
$1,727,922
Assessed 2023
Previous assessed
$1,551,119
+11.4% YoY
Effective rate
1.91%
On assessed value
Assessed land
$570,928
Assessed improvement
$1,156,994
Land market value
$570,928
Improvement market value
$1,156,994
Total market value
$1,727,922
Applied tax rate
52,401.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,150 SF
Lot
0.77 ac (33,585 SF)
Zoning code
CG1
APN
52-42-42-24-00-000-1450
UPID
US19-0369213
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG1 · Palm Beach Gardens, FL
Zoning CG1 · permitted uses
CG1 · Palm Beach Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$3.9M
RESTAURANT
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$3.2M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Freeport Surfside Xviii LLC
Entity
Mailing address
401 E LAS OLAS BLVD #130627, FORT LAUDERDALE, FL 33301-2210
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2022
$4,151,183
Freeport Surfside Xviii LLC
Surfside Academy Palm Beach Gardens
Warranty Deed
—
Jan 26, 2022
—
Surfside Academy Of Palm Beach Gard
—
Deed
related
$1,303,400 · United States Small Business Admin
Oct 1, 2018
$3,000,000
Surfside Academy Of Palm Beach Gard
Home Away From Home Learning Center
Warranty Deed
$17,255 · Suntrust Bank
Nov 17, 2017
—
Home Away From Home Learning Center
—
Deed
related
$100,000 · Valley National Bank
Nov 5, 2007
$1,850,000
Home Away From Home Learning Center
John B Cogburn
Warranty Deed
$1,840,000 · Enterprise National Bank Of Palm Be
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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