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Property profile & analytics
OFF-MARKET
Estimated value
$9,990,000
Showrooms
964 Congress Ave, Palm Springs, FL 33406-4121
Entity Owned
Free & Clear
Property ID
US18-0933601
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2019
Construction
CONCRETE
Total area
36,000 SF
Lot
2.52 ac (109,932 SF)
Zoning code
CG
APN
70-43-44-05-25-001-0000
UPID
US18-0933601
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
$9.55M
CAP Approach
CAP
$8.41M
Comparable Approach
Comparable
$12.64M
Blend (final)
Blend
$9.99M
Owner & transaction history
Pa Wpb Okee Property LLC
Pa Wpb Okee Property LLC
since 2026
Last sale
$10.1M
6 recorded transactions
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$15.0M
+7.4%
Retail stores
$14.9M
+6.8%
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 Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Springs 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
$10,220,000
ML approach
$9,545,000
CAP Approach
CAP Return
Estimation
6%
$9,110,000
6.5%
$8,405,000
7%
$7,805,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,990,000
Current use
INDUSTRIAL (GENERAL)
$15,030,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$14,940,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$9.99M
Range $8.99M – $10.99M · ±10% · vs last sale $10.10M (Jan 24 2022)
Last sale anchor
$10.10M
Jan 24 2022
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
$278 / 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
$137,798
Tax year 2023
Assessed value
$6,593,308
Assessed 2023
Previous assessed
$5,756,479
+14.5% YoY
Effective rate
2.09%
On assessed value
Assessed land
$1,648,980
Assessed improvement
$4,944,328
Land market value
$1,648,980
Improvement market value
$4,944,328
Total market value
$6,593,308
Applied tax rate
70,452.0000
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
2019
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
36,000 SF
Lot
2.52 ac (109,932 SF)
Zoning code
CG
APN
70-43-44-05-25-001-0000
UPID
US18-0933601
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Palm Springs, FL
Zoning CG · permitted uses
CG · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$14.0M
INDUSTRIAL (GENERAL)
Est. value
$15.0M
RETAIL STORES
Est. value
$14.9M
COMMERCIAL (GENERAL) 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
2019
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Pa Wpb Okee Property LLC
Entity
Free & Clear · 0 yrs held
Mailing address
10800 BISCAYNE BLVD STE #560, MIAMI, FL 33161-7810
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
$850,000
Pa Wpb Okee Property LLC
Tennison Irrevocable Trust
Special Warranty Deed
—
Mar 22, 2023
—
Tennison Irrevocable Trust
—
Deed
related
$267,500 · Boston Investments Co LLC
Mar 9, 2023
—
Harold Dude
Congress Plaza LLC
Warranty Deed
—
Jan 24, 2022
$10,100,000
Palm Springs Villages LLC
Ct Bts LLC
Special Warranty Deed
$6,300,000 · International Finance Bank
—
—
Congress Plaza LLC
—
Deed Of Trust
related
$500,000 · Fennario Investments LLC
—
—
Congress Shopping Center Ltd
—
Deed Of Trust
related
$2,330,000 · Congress Management LLC
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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