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Property profile & analytics
OFF-MARKET
Estimated value
$128,270,000
Warehouses
Australian Ave Riviera Beach, FL 33404
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7566444
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Lot
1.02 ac (44,544 SF)
Zoning code
IL
APN
56-43-42-29-43-000-0090
UPID
US18-7566444
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$128.27M
Owner & transaction history
Rlif Riviera Beach Spe LLC · 4 yrs held
Rlif Riviera Beach Spe LLC
since 2022
Last sale
$127.5M
5 recorded transactions
Zoning & alternative use
IL · Riviera 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 Riviera Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riviera 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
$129,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$128.27M
Range $115.44M – $141.10M · ±10% · vs last sale $127.50M (Jan 3 2022)
Last sale anchor
$127.50M
Jan 3 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
—
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
$8,146
Tax year 2023
Assessed value
$392,543
Assessed 2023
Previous assessed
$364,107
+7.8% YoY
Effective rate
2.08%
On assessed value
Assessed land
$333,189
Assessed improvement
$59,354
Land market value
$333,189
Improvement market value
$59,354
Total market value
$392,543
Applied tax rate
56,407.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Heating
NONE
Lot
1.02 ac (44,544 SF)
Zoning code
IL
APN
56-43-42-29-43-000-0090
UPID
US18-7566444
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Riviera Beach, FL
Zoning IL · permitted uses
IL · Riviera Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riviera Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.02 ac
Current owner
From public records · entity-resolved
Rlif Riviera Beach Spe LLC
Entity
Free & Clear · 4 yrs held
Mailing address
201 WW ST, ANNAPOLIS, MD 21401-4654
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$127,500,000
Rlif Riviera Beach Spe LLC
Riviera Dolphin I LLC
Special Warranty Deed
—
Jan 10, 2005
$4,270,500
Riviera Dolphin I LLC
Rb2 LLC
Grant Deed
—
—
—
Riviera Dolphin I LLC
—
Loan Modification
related
$19,000,000 · Miscellaneous Ins Co
—
—
Rb2 LLC
—
Deed Of Trust
related
$501,168 · Colonial Bank
—
—
Riviera Dolphin I LLC
—
Deed Of Trust
related
$20,500,000 · Connecticut General Life Ins
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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