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Property profile & analytics
OFF-MARKET
Estimated value
$17,080,000
Community centers
8989 Okeechobee Blvd West Palm Beach, FL 33411-1826
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-1804924
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2000
Construction
CONCRETE
Total area
80,988 SF
Lot
11.11 ac (483,952 SF)
Zoning code
RPD
APN
74-42-43-20-08-003-0000
UPID
US18-1804924
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
-
China Taste Restaurant
-
City National Bank - Presto ATM Bank Loan Service
-
Western Union Bank Credit Union
-
higi Physician
-
Presto! ATM at Publix Super Market Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.14M
Comparable Approach
Comparable
$18.23M
Blend (final)
Blend
$17.08M
Owner & transaction history
Psm Andros Isle LLC · 10 yrs held
Psm Andros Isle LLC
since 2016
3 recorded transactions
Zoning & alternative use
RPD · West Palm Beach, 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 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%
$21,810,000
6.5%
$20,135,000
7%
$18,695,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$23,840,000
Current use
Blend value · Realmo final
$17.08M
Range $15.37M – $18.79M · ±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
$211 / 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
$393,793
Tax year 2023
Assessed value
$16,684,282
Assessed 2023
Previous assessed
$16,028,374
+4.1% YoY
Effective rate
2.36%
On assessed value
Assessed land
$4,749,168
Assessed improvement
$11,935,114
Land market value
$4,749,168
Improvement market value
$11,935,114
Total market value
$16,684,282
Applied tax rate
74,402.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
80,988 SF
Lot
11.11 ac (483,952 SF)
Zoning code
RPD
APN
74-42-43-20-08-003-0000
UPID
US18-1804924
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RPD · West Palm Beach, FL
Zoning RPD · permitted uses
RPD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$23.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
11.11 ac
Current owner
From public records · entity-resolved
Psm Andros Isle LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2016
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
Jun 29, 2016
$14,700,000
Psm Andros Isle LLC
Global Andros LLC
Grant Deed
—
Jul 14, 2014
$11,000,000
Global Andros LLC
Equity One Florida Portfolio INC
Special Warranty Deed
$8,200,000 · The Bancorp Bank
Jan 2, 2007
$13,835,000
Equity One Andros INC
Shoppes At Andros Isle Partners Ltd
Special Warranty Deed
—
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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