Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Palm Beach Gardens, FL 33412

    • Commercial land
    • 16.71 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2022
    $8,040,000
    Value Estimations
    $8,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2075719
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for Palm Beach

    Lot size
    16.71 lot acres
    Zone code
    PCD
    Property type
    Commercial land
    APN
    52-41-41-28-01-001-0301
    APU
    52414128010010301

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,710,000
      ML approach
      $8,630,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2365
    Latitude
    26.8171
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $126,921
    $7,000,000
    $0.00
    $7,000,000
    -
    $7,000,000
    $0.00
    $7,000,000

    Comparable in this City

    • Value Estimation by Request
      1.43 Acres

      W

      VACANT COMMERCIAL LAND • 1.43 Acres
      W, Palm Beach, FL 33412
      View Details
    • Value Estimation by Request
      10.70 Acres

      W

      VACANT COMMERCIAL LAND • 10.70 Acres
      W, Palm Beach, FL 33412
      View Details
    • Value Estimation by Request
      3.33 Acres

      W

      VACANT COMMERCIAL LAND • 3.33 Acres
      W, Palm Beach, FL 33412
      View Details
    • Value Estimation
      $8,700,000
      4.91 Acres

      W

      VACANT COMMERCIAL LAND • 4.91 Acres
      W, Palm Beach, FL 33412
      View Details
    • Value Estimation
      $525,000
      9.20 Acres

      12422 Northlake Blvd

      VACANT COMMERCIAL LAND • 9.20 Acres
      12422 Northlake Blvd, West Palm Beach, FL 33412-2373
      View Details
    • Value Estimation by Request
      15.51 Acres

      12305 Northlake Blvd, Unit 100

      VACANT COMMERCIAL LAND • 15.51 Acres
      12305 Northlake Blvd, Palm Beach Gardens, FL 33412
      View Details

    Similar Nearby for Sale

    • $410,000

      Corner Lot Ready to Build

      1.56 acre corner lot in great location.
      00 68Th St N, West Palm Beach, FL 33412
      View Details
    • $250,000

      Spacious Acreage Lot Opportunity

      1.29-acre lot with no HOA, convenient location.
      13843 72Nd Ct N, West Palm Beach, FL 33412
      View Details
    • $330,000

      Vacant Lot in The Acreage

      1.13-acre vacant lot for a custom home, pool, and garden.
      Orange Blvd, West Palm Beach, FL 33412
      View Details
    • $340,000

      Land with Well and Electricity

      2.66 acres with well and electricity in The Acreage.
      13217 62Nd Ave, West Palm Beach, FL 33412
      View Details
    • $3,940,000

      Redevelopment Land Near Avenir Development

      8+ acres for redevelopment near Avenir. Rezoning potential.
      13401 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • $1,000,000

      Land Available in West Palm Beach

      Land for sale at 14773 Northlake Blvd, West Palm Beach.
      14773 Northlake Blvd, West Palm Beach, FL 33412
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pads For Lease

      Retail pads available for lease in Palm Beach Gardens, FL.
      Palm Beach Gardens, FL 33412
      View Details
    • Contact for pricing
      13,575 SF

      Retail, Restaurant, Office Space Available

      First generation retail, restaurant, and office space for lease.
      12500 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • Contact for pricing
      2,564 SF

      Retail Space in West Palm

      Retail, restaurant, and office spaces available near affluent neighborhoods.
      12650 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • Contact for pricing
      200,000 SF

      Avenir Town Center Retail Space

      West Palm Beach retail space, prime location.
      12535 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • Contact for pricing
      1,400 SF

      Restaurant End Cap with Patio

      Second-generation restaurant space with patio in Publix-anchored center.
      10130 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    • Contact for pricing
      14,942 SF

      Retail Space in West Palm

      Retail, restaurant, and office spaces available near affluent neighborhoods.
      12800 Northlake Blvd, West Palm Beach, FL 33412
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Palm Beach
    Gardens, FL 33412
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!