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Property profile & analytics
OFF-MARKET
Showrooms
939 28th St West Palm Beach, FL 33407-5322
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-9599389
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1948
Construction
WOOD
Total area
416 SF
Lot
0.11 ac (4,813 SF)
Zoning code
IL
APN
74-43-43-09-06-005-0020
UPID
US18-9599389
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
-
Soulmates' Music (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jd Realty Palm Beach INC · 6 yrs held
Jd Realty Palm Beach INC
since 2019
4 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (I) district. Sec. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-…
Zone name
Industrial Light
General category
INDUSTRIAL
Zone area
137.06 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,504
Tax year 2023
Assessed value
$71,715
Assessed 2023
Previous assessed
$65,134
+10.1% YoY
Effective rate
2.10%
On assessed value
Assessed land
$53,917
Assessed improvement
$17,798
Land market value
$53,917
Improvement market value
$17,798
Total market value
$71,715
Applied tax rate
74,407.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
416 SF
Lot
0.11 ac (4,813 SF)
Zoning code
IL
APN
74-43-43-09-06-005-0020
UPID
US18-9599389
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FLZoning IL · permitted uses
IL · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
d Transition District (RTD). Secs. 94-150-94-170. - Reserved. ARTICLE VI. - INDUSTRIAL DISTRICT Article VI. Footnotes Sec. 94-171. - Intent. Sec. 94-172. - General development standards. Sec. 94-173. - Industrial light (IL) district. Sec. 94-174. - Industrial (I) district. Sec. 94-175. - Industrial districts neighborhood compatibility requirements. Secs. 94-176-94-200. - Reserved. ARTICLE VII. - SPECIAL DISTRICTS Sec. 94-201. - General de
Zone name
Industrial Light
General category
INDUSTRIAL
Zone area
137.06 ac
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Jd Realty Palm Beach INC
Entity
Free & Clear · 6 yrs held
Mailing address
2709 SPRUCE AVE, WEST PALM BEACH, FL 33407-5444
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2019
$5,600
Jd Realty Palm Beach INC
East Coast Transportatio Coc
Trustees Deed
related
—
Jul 27, 2006
$110,000
East Coast Transportation Of Land
American Associated Testing In
Warranty Deed
$105,000 · American Associated Testing In
May 12, 1998
$30,000
Peter Ramirez
Martin,alberto & Cira
Grant Deed
$10,000 · Seller
Oct 21, 1997
$11,000
Alberto Martin
Pipes,larry R
Grant 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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