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Property profile & analytics
FOR LEASE
Community centers
926 S Military Trl West Palm Beach, FL 33015
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-2192183
For Lease
1 / 7
$590,000
926 S Military Trl, West Palm Beach, FL 33015
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1978
Construction
CONCRETE
Total area
1,907 SF
Lot
16.91 ac (736,743 SF)
Zoning code
UC
APN
00-42-44-01-00-000-5040
UPID
US18-2192183
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
-
City National Bank - Presto ATM Bank Loan Service
-
Cano Health - S Military Trail Medical Clinic
-
Publix Pharmacy at Polo Grounds Mall Pharmacy
-
Publix Super Market at Polo Grounds Mall Specialty Food Shop Supermarket
-
Presto! ATM at Publix Super Market Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$475k
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$590k
Owner & transaction history
New Market-polo Grounds LLC · 7 yrs held
New Market-polo Grounds LLC
since 2019
7 recorded transactions
Zoning & alternative use
UC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$980,000
+74.8%
Retail stores
$790,000
+41.0%
Warehouse, storage
$760,000
+35.1%
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%
$515,000
6.5%
$475,000
7%
$440,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$760,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$675,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$309 / 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
$404,989
Tax year 2023
Assessed value
$20,407,409
Assessed 2023
Previous assessed
$19,866,029
+2.7% YoY
Effective rate
1.98%
On assessed value
Assessed land
$5,857,099
Assessed improvement
$14,550,310
Land market value
$5,857,099
Improvement market value
$14,550,310
Total market value
$20,407,409
Applied tax rate
362.0000
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
For Lease
Year built
1978
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
12
Stories
1
Total area
1,907 SF
Lot
16.91 ac (736,743 SF)
Zoning code
UC
APN
00-42-44-01-00-000-5040
UPID
US18-2192183
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
UC · West Palm Beach, FL
Zoning UC · permitted uses
UC · 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
$560,000
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$760,000
COMMERCIAL (GENERAL)
Est. value
$740,000
OFFICE BUILDING
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
12
Lot
16.91 ac
Current owner
From public records · entity-resolved
New Market-polo Grounds LLC
Entity
Mailing address
3284 NORTHSIDE PKWY NW STE #515, ATLANTA, GA 30327-2286
Ownership since
2019
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
Jun 18, 2019
$20,500,000
New Market-polo Grounds LLC
Frep III-polo Grounds LLC
Grant Deed
$13,325,000 · Thrivent Fin'l/lutherans
Jun 12, 2015
$16,670,000
Frep III-polo Grounds LLC
Polo Mall LLC
Special Warranty Deed
—
Jul 28, 2008
—
West Palm Beach Fla Cpdc Ltd
—
Deed Of Trust
related
$15,000,000 · Wachovia Financial Services
Feb 26, 2007
—
West Palm Beach Fla Cpdc Ltd
—
Deed Of Trust
related
$24,500,000 · Wachovia Financial Services
Feb 21, 1997
—
West Palm Beach Fla Cpdc Ltd
Marvin,wilbur
Grant Deed
$5,200,000 · Parallel Capital Corp
—
—
Polo Mall LLC
—
Deed Of Trust
related
$11,000,000 · J P Morgan Chase Bank
—
—
West Palm Beach Fla Cpdc Ltd
—
Deed Of Trust
related
$10,600,000 · Southtrust 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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