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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Grocery and convenience stores
9141 Southern Blvd Royal Palm Beach, FL 33411-3626
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9836630
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Construction
CONCRETE
Total area
5,282 SF
Lot
2.08 ac (90,666 SF)
Zoning code
IL
APN
72-42-43-27-05-008-0189
UPID
US18-9836630
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.03M
Owner & transaction history
Rj Petroleum Properties Ch LLC · 3 yrs held
Rj Petroleum Properties Ch LLC
since 2022
7 recorded transactions
Zoning & alternative use
IL · Royal 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 Royal Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal 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
$620,000
CAP Approach
CAP Return
Estimation
6%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,555,000
Current use
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$195 / 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
$56,738
Tax year 2023
Assessed value
$2,784,255
Assessed 2023
Previous assessed
$2,614,616
+6.5% YoY
Effective rate
2.04%
On assessed value
Assessed land
$1,489,871
Assessed improvement
$1,294,384
Land market value
$1,489,871
Improvement market value
$1,294,384
Total market value
$2,784,255
Applied tax rate
72,486.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
10
Total area
5,282 SF
Lot
2.08 ac (90,666 SF)
Zoning code
IL
APN
72-42-43-27-05-008-0189
UPID
US18-9836630
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Royal Palm Beach, FL
Zoning IL · permitted uses
IL · Royal Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
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
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
10
Lot
2.08 ac
Current owner
From public records · entity-resolved
Rj Petroleum Properties Ch LLC
Entity
Mailing address
9255 W SUNSET BLVD STE #800, WEST HOLLYWOOD, CA 90069-3320
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
—
Rj Petroleum Properties Ch LLC
Ch Realty Viii Cg Fl Boca Gas LLC
Special Warranty Deed
$20,160,000 · Bbcn Bank
Jan 8, 2020
—
Ch Realty III Cg Fl Boca Gas LLC
—
Deed
related
$18,000,000 · M & T Bank
Nov 14, 2018
$2,850,000
Ch Realty Viii Of Cg Fl Boca Gas
Sunshine Petroleum LLC
Warranty Deed
—
Oct 30, 2018
—
Sunshine Petroleum LLC
—
Deed
related
$300,000 · Paradise Bk
Dec 28, 2016
—
Sunshine Petroleum LLC
—
Deed
related
$310,000 · Paradise Bk
May 14, 2015
—
Sunshine Petroleum LLC
—
Trustees Deed
related
$73,000 · Louis & Marie Panzini
Nov 23, 2004
$1,050,000
Sunshine Petroleum LLC
Sunshine Properties LLC
Warranty Deed
related
$2,800,000 · Gulfstream Business Bank
—
—
Sunshine Petroleum LLC
—
Deed Of Trust
related
$300,000 · Paradise Bk
—
—
Sunshine Petroleum LLC
—
Deed Of Trust
related
$4,038,000 · Paradise Bk
—
—
Sunshine Petroleum LLC
—
Deed Of Trust
related
$350,000 · Paradise Bk
—
—
Sunshine Petroleum LLC
—
Deed Of Trust
related
$484,437 · Gulfstream Business Bank
—
—
Sunshine Petroleum LLC
—
Deed Of Trust
related
$310,000 · Paradise Bk
—
—
Sunshine Petroleum LLC
—
Deed Of Trust
related
$3,684,034 · Gulfstream Business Bank
—
—
Sunshine Petroleum LLC
—
Deed Of Trust
related
$3,400,000 · Capital Bank NA
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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