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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Office buildings
9112 Hwy 1st Alt Ste 101 Palm Beach Gardens, FL 33403-1451
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-2730832
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
CONCRETE
Total area
10,316 SF
Lot
0.76 ac (33,158 SF)
Zoning code
C-T
APN
68-43-42-17-06-000-0090
UPID
US18-2730832
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
$2.67M
Blend (final)
Blend
$2.62M
Owner & transaction history
9112 Aia LLC · 23 yrs held
9112 Aia LLC
since 2002
7 recorded transactions
Zoning & alternative use
C-T · Palm Beach Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.3M
+18.0%
Retail stores
$4.3M
+17.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,650,000
Current use
INDUSTRIAL (GENERAL)
$4,305,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$4,280,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±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
$254 / 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
$31,388
Tax year 2023
Assessed value
$1,564,675
Assessed 2023
Previous assessed
$1,422,615
+10.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$497,355
Assessed improvement
$1,067,320
Land market value
$497,355
Improvement market value
$1,067,320
Total market value
$1,564,675
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
10,316 SF
Lot
0.76 ac (33,158 SF)
Zoning code
C-T
APN
68-43-42-17-06-000-0090
UPID
US18-2730832
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C-T · Palm Beach Gardens, FL
Zoning C-T · permitted uses
C-T · 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
OFFICE BUILDING Current
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
Est. value
$4.3M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
9112 Aia LLC
Entity
Mailing address
2240 PALM BCH LKS BLVD STE #400, WEST PALM BEACH, FL 33409-3406
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
—
9112 Aia LLC
—
Deed
related
$250,000 · The George C And Ramona J Kobosko Revoca
Oct 30, 2002
$447,500
9112 Aia LLC
Minns,myles & Kathy
Grant Deed
$894,810 · Bank Of America
Oct 24, 2000
$600,000
Myles Minns
Phil-mar Leasing INC
Grant Deed
$300,000 · Seller
—
—
Myles Minns
—
Deed Of Trust
related
$480,000 · Bank Of America
—
—
9112 A1a LLC
—
Deed Of Trust
related
$138,700 · Us Small Business Admn
—
—
9112 A1a LLC
—
Deed Of Trust
related
$322,800 · Us Small Business Admn
—
—
9112 A1a LLC
—
Deed Of Trust
related
$538,500 · Us Small Business Admn
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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