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Property profile & analytics
FOR LEASE
Community centers
9850 Alternate, Palm Beach Gardens, FL 33410
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-6537603
For Lease
1 / 12
$1,200/Mo
9850 Alternate, Palm Beach Gardens, FL 33410
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
CONCRETE
Total area
131,410 SF
Lot
22.81 ac (993,773 SF)
Zoning code
PCD
APN
52-43-42-07-26-000-0010
UPID
US18-6537603
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
by Request
CAP Approach
CAP
$32.67M
Comparable Approach
Comparable
$20.62M
Blend (final)
Blend
$27.37M
Owner & transaction history
Trpf Promenade Plaza LLC · 9 yrs held
Trpf Promenade Plaza LLC
since 2017
3 recorded transactions
Zoning & alternative use
PCD · Palm Beach Gardens, 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 Palm Beach Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Beach Gardens 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%
$35,390,000
6.5%
$32,670,000
7%
$30,335,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$38,685,000
Current use
Blend value · Realmo final
$27.37M
Range $24.63M – $30.10M · ±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
$208 / 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
$856,633
Tax year 2023
Assessed value
$44,645,423
Assessed 2023
Previous assessed
$42,848,213
+4.2% YoY
Effective rate
1.92%
On assessed value
Assessed land
$16,302,645
Assessed improvement
$28,342,778
Land market value
$16,302,645
Improvement market value
$28,342,778
Total market value
$44,645,423
Applied tax rate
52,401.0000
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
131,410 SF
Lot
22.81 ac (993,773 SF)
Zoning code
PCD
APN
52-43-42-07-26-000-0010
UPID
US18-6537603
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PCD · Palm Beach Gardens, FL
Zoning PCD · permitted uses
PCD · Palm Beach Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$38.7M
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
22.81 ac
Current owner
From public records · entity-resolved
Trpf Promenade Plaza LLC
Entity
Free & Clear · 9 yrs held
Mailing address
730 3RD AVE STE 2A, NEW YORK, NY 10017-3213
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2017
$49,250,000
Trpf Promenade Plaza LLC
Lsref2 Promenade LLC
Grant Deed
—
May 21, 2015
$918,100
Lsref2 Promenade LLC
Gardens East Plaza Ltd Coc
Trustees Deed
—
—
—
Lsref2 Promenade LLC
—
Deed Of Trust
related
$19,500,000 · Synovus Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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