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Property profile & analytics
OFF-MARKET
Estimated value
$11,090,000
Office buildings
8895 Military Trl West Palm Beach, FL 33410-6220
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2638685
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
CONCRETE
Total area
20,806 SF
Lot
6.06 ac (263,934 SF)
Zoning code
CS
APN
00-42-42-24-19-000-0010
UPID
US18-2638685
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
-
NEFCO Systems, Inc. Industrial Manufacturer Production Facility
-
Guardians Credit Union Credit Union
-
Episcopal Charities Of Se Fl Social Service Agency Charitable Organization
-
Terabyte Technologies IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Atlantic Prints Fingerprinting Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.90M
Comparable Approach
Comparable
$10.24M
Blend (final)
Blend
$11.09M
Owner & transaction history
Palm Beach Gardens Corporate Center · 1 yrs held
Palm Beach Gardens Corporate Center
since 2025
Last sale
$13.8M
7 recorded transactions
Zoning & alternative use
CS · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.9M
+118.3%
Apartment house (5+ units)
$12.4M
+70.0%
Medical building
$11.3M
+54.5%
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%
$12,895,000
6.5%
$11,900,000
7%
$11,050,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,290,000
Current use
RESTAURANT
$15,915,000
Change: +118% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$12,390,000
Change: +70% · Conversion: Easy
MEDICAL BUILDING
$11,260,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,710,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,685,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$8,635,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,275,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$11.09M
Range $9.98M – $12.20M · ±10% · vs last sale $13.80M (Nov 21 2024)
Last sale anchor
$13.80M
Nov 21 2024
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
$533 / 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
$203,059
Tax year 2023
Assessed value
$11,332,502
Assessed 2023
Previous assessed
$11,332,502
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$3,695,090
Assessed improvement
$7,637,412
Land market value
$3,695,090
Improvement market value
$7,637,412
Total market value
$11,332,502
Applied tax rate
221.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
3
Total area
20,806 SF
Lot
6.06 ac (263,934 SF)
Zoning code
CS
APN
00-42-42-24-19-000-0010
UPID
US18-2638685
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CS · West Palm Beach, FL
Zoning CS · permitted uses
CS · 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
OFFICE BUILDING Current
Est. value
$7.3M
RESTAURANT
Est. value
$15.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.4M
MEDICAL BUILDING
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$10.7M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
RETAIL STORES
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$8.3M
OFFICE BUILDING 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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
4
Lot
6.06 ac
Current owner
From public records · entity-resolved
Palm Beach Gardens Corporate Center
Individual
Mailing address
19701 STOUGH FARM RD, CORNELIUS, NC 28031-7525
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
$13,800,000
Palm Beach Gardens Corporate Center
8895 North Military LLC
Warranty Deed
$9,660,000 · Locality Bank
Oct 1, 2024
$1,200,000
David Lieberman
Pal Kakkar Yash
Special Warranty Deed
—
Oct 1, 2024
$1,085,000
Larry Lecce
Pal Kakkar Yash
Special Warranty Deed
$500,000 · Reliable Holdings Manager LLC
Sep 20, 2024
$1,570,000
Kimberly Clark
Pal Kakkar Yash
Special Warranty Deed
—
Jan 12, 2022
—
8895 North Military LLC
—
Deed
related
$9,440,000 · Jpmorgan Chase Bank NA
Jul 29, 2021
$11,600,000
8895 North Military LLC
Northlake Palm Beach Corp
Warranty Deed
—
Apr 30, 2021
$330,990
Marcella Dykie
Lennar Homes LLC
Special Warranty Deed
$264,792 · Guaranteed Rate INC
—
—
Northlake Corp Park LLC
—
Loan Modification
related
$3,571,864 · Northern Trust Co
—
—
Reichel Dev LLC
—
Deed Of Trust
related
$1,760,000 · Riverside National Bank
—
—
Northlake Corporate Park LLC
—
Deed Of Trust
related
$4,165,000 · Northern Trust Co
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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