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Property profile & analytics
OFF-MARKET
Estimated value
$5,560,000
Retail properties & Spaces
910 Us Hwy 1st 1 North Palm Beach, FL 33408-3814
Entity Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4031633
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1973
Construction
CONCRETE
Total area
41,816 SF
Lot
1.54 ac (67,021 SF)
Zoning code
C-S
APN
68-43-42-09-08-000-0242
UPID
US18-4031633
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.56M
Owner & transaction history
Baers Furniture Co INC
Baers Furniture Co INC
1 recorded transaction
Zoning & alternative use
C-S · North Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
amily andtheir normal accessorybuildings R- 2 MULTIPLE - FAMILY DWELLING DISTRICT Page 14 of 44 R- 3 APARTMENT DWELLING DISTRICT C -MU C -A US - 1 MIXED- USE COMMERCIAL DISTRICT C -T C-G TRANSITIONAL COMMERCIAL DISTRICT C -S SHOPPING COMMERCIAL DISTRICT C -G GENERAL G2 AUTON40TIVE COMMERCIAL DISTRICT C- 3 REGIONAL MIXED- USE PUBLICC DISTRICT P PUBLIC DISTRIC…
Zone name
Shopping Commercial
General category
COMMERCIAL
Zone area
1.57 ac
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 North Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$133 / 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
$95,973
Tax year 2023
Assessed value
$4,563,049
Assessed 2023
Previous assessed
$4,365,595
+4.5% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,125,970
Assessed improvement
$3,437,079
Land market value
$1,125,970
Improvement market value
$3,437,079
Total market value
$4,563,049
Applied tax rate
68,401.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
41,816 SF
Lot
1.54 ac (67,021 SF)
Zoning code
C-S
APN
68-43-42-09-08-000-0242
UPID
US18-4031633
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-S · North Palm Beach, FLZoning C-S · permitted uses
C-S · North Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
amily andtheir normal accessorybuildings R- 2 MULTIPLE - FAMILY DWELLING DISTRICT Page 14 of 44 R- 3 APARTMENT DWELLING DISTRICT C -MU C -A US - 1 MIXED- USE COMMERCIAL DISTRICT C -T C-G TRANSITIONAL COMMERCIAL DISTRICT C -S SHOPPING COMMERCIAL DISTRICT C -G GENERAL G2 AUTON40TIVE COMMERCIAL DISTRICT C- 3 REGIONAL MIXED- USE PUBLICC DISTRICT P PUBLIC DISTRICT OS G 09 CONSERVATION AND OPEN SPACE I- 1 LIGHT INDUSTRIAL DISTRICT C- NBOZ NORTHLA
Zone name
Shopping Commercial
General category
COMMERCIAL
Zone area
1.57 ac
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Baers Furniture Co INC
Entity
Mailing address
1589 NW 12TH AVE, POMPANO BEACH, FL 33069-1730
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Baers Furniture Co INC
—
Deed Of Trust
related
$2,284,546 · Bankunited Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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