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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Retail space
9847 Okeechobee Blvd West Palm Beach, FL 33411-1833
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-6185828
Property summary
AI-generated overview
This exceptional single-tenant creative office building, totaling 2,974 square feet, presents a unique investment opportunity in West Palm Beach, Florida. Constructed in 2009, the property sits on a half-acre lot at 9847 Okeechobee Boulevard, conveniently located just east of the State Road 7 intersection. Its prime location offers unparalleled visibility and accessibility. The building boasts a single story design, providing efficient and functional space. Currently fully vacant, this presents a blank canvas for a discerning tenant to customize the space to their specific needs. The surrounding area is vibrant and commercially active, with a strong retail presence. Nearby establishments include a Target, CVS, and Chevron shopping center to the immediate west of the State Road 7 intersection, and a McDonald's to the east, along with a Wells Fargo, Walgreens, and Truist Bank to the west. This strategic location ensures high traffic volume and excellent exposure, making it an ideal space for a variety of businesses. The property's address is 9847 Okeechobee Blvd, West Palm Beach, FL 33411. The property type is listed as Retail and Office.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
CONCRETE
Total area
3,974 SF
Lot
0.5 ac (21,606 SF)
Zoning code
RPD
APN
74-42-43-19-18-000-0010
UPID
US18-6185828
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
-
Mattress Firm Loxahatchee Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$680k
Owner & transaction history
Moises Property LLC · 9 yrs held
Moises Property LLC
since 2017
4 recorded transactions
Zoning & alternative use
RPD · West 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 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
$660,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$805,000
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$171 / 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
$37,943
Tax year 2023
Assessed value
$1,642,135
Assessed 2023
Previous assessed
$1,560,895
+5.2% YoY
Effective rate
2.31%
On assessed value
Assessed land
$933,491
Assessed improvement
$708,644
Land market value
$933,491
Improvement market value
$708,644
Total market value
$1,642,135
Applied tax rate
74,402.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,974 SF
Lot
0.5 ac (21,606 SF)
Zoning code
RPD
APN
74-42-43-19-18-000-0010
UPID
US18-6185828
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RPD · West Palm Beach, FL
Zoning RPD · permitted uses
RPD · 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.
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Moises Property LLC
Entity
Free & Clear · 9 yrs held
Mailing address
9300 S DADELAND BLVD STE #600, MIAMI, FL 33156-2721
Ownership since
2017
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
Jun 28, 2017
$1,760,300
Moises Property LLC
9847 Okeechobee LLC
Warranty Deed
—
Jul 8, 2014
$1,546,480
9847 Okeechobee LLC
Okeechobee 9847 LLC
Warranty Deed
—
—
—
Okeechobee 9847 LLC
—
Deed Of Trust
related
$1,125,000 · Lola A Stevenson
—
—
9847 Okeechobee LLC
—
Deed Of Trust
related
$743,810 · Everbank
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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