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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Commercial land
Adams Pl Pahokee, FL 33476
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-7189688
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.21 ac (9,013 SF)
Zoning code
MF18
APN
48-37-42-18-06-001-0120
UPID
US18-7189688
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
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Millers Investment Group LLC · 5 yrs held
Millers Investment Group LLC
since 2021
Last sale
$730,000
2 recorded transactions
Zoning & alternative use
MF18 · Pahokee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
uses. Uses permitted within this district are identified in article V. (d) Accessory uses. Accessory uses and accessory use regulations are identified in article V. Sec. 14-57. - Multifamily residential, medium density (MF18) district. (a) Intent. The intent of the MF18 district is to promote the development of affordable, medium density, multifamily dwellin…
Zone name
Multifamily Residential Medium Density
General category
RESIDENTIAL
Zone area
260.31 ac
Source
code of ordinances
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 Pahokee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pahokee 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
$865,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $730k (Jun 16 2021)
Last sale anchor
$730k
Jun 16 2021
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
—
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
$669
Tax year 2023
Assessed value
$76,414
Assessed 2023
Previous assessed
$3,026
+2,425.2% YoY
Effective rate
0.88%
On assessed value
Assessed land
$8,020
Assessed improvement
$68,394
Land market value
$8,020
Improvement market value
$68,394
Total market value
$76,414
Applied tax rate
48,486.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.21 ac (9,013 SF)
Zoning code
MF18
APN
48-37-42-18-06-001-0120
UPID
US18-7189688
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF18 · Pahokee, FLZoning MF18 · permitted uses
MF18 · Pahokee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
uses. Uses permitted within this district are identified in article V. (d) Accessory uses. Accessory uses and accessory use regulations are identified in article V. Sec. 14-57. - Multifamily residential, medium density (MF18) district. (a) Intent. The intent of the MF18 district is to promote the development of affordable, medium density, multifamily dwelling units in a high quality environment with an appropriate amount of open space in ar
Zone name
Multifamily Residential Medium Density
General category
RESIDENTIAL
Zone area
260.31 ac
Source
code of ordinances
Building & site characteristics
From public records
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Millers Investment Group LLC
Entity
Mailing address
11720 SW 251ST ST, HOMESTEAD, FL 33032-6033
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
$730,000
Millers Investment Group LLC
Capital Plus LLC
Warranty Deed
$817,600 · Capital Plus LLC
Apr 30, 2021
$22,000
Capital Plus LLC
Lalethia Bethea
Warranty 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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