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Property profile & analytics
OFF-MARKET
Estimated value
$14,415,000
Refrigerated & Cold Storage
W, Palm Beach, FL 33404
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7035679
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2019
Construction
CONCRETE
Total area
64,977 SF
Lot
2.61 ac (113,709 SF)
Zoning code
IL
APN
56-43-42-31-27-000-0032
UPID
US18-7035679
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
$13.11M
Comparable Approach
Comparable
$17.27M
Blend (final)
Blend
$14.42M
Owner & transaction history
Port Of Palm Cold Storage INC · 11 yrs held
Port Of Palm Cold Storage INC
since 2015
7 recorded transactions
Zoning & alternative use
IL · 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 Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,195,000
6.5%
$13,105,000
7%
$12,170,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,235,000
Current use
Blend value · Realmo final
$14.42M
Range $12.97M – $15.86M · ±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
$222 / 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
$251,250
Tax year 2023
Assessed value
$9,811,173
Assessed 2023
Previous assessed
$9,811,173
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$902,630
Assessed improvement
$8,908,543
Land market value
$902,630
Improvement market value
$8,908,543
Total market value
$9,811,173
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
2
Total area
64,977 SF
Lot
2.61 ac (113,709 SF)
Zoning code
IL
APN
56-43-42-31-27-000-0032
UPID
US18-7035679
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Palm Beach, FL
Zoning IL · permitted uses
IL · Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$16.2M
WAREHOUSE, STORAGE 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
2019
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.61 ac
Current owner
From public records · entity-resolved
Port Of Palm Cold Storage INC
Entity
Free & Clear · 11 yrs held
Mailing address
1800 DR MARTIN LUTHER KING JR BLVD, RIVIERA BEACH, FL 33404-7105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2015
—
Port Of Palm Cold Storage INC
—
Grant Deed
related
$2,350,000 · Bank Of America
Jun 23, 2015
$464,700
Port Of Palm Cold Storage INC
Drew Michael
Quit Claim Deed
related
—
Jan 6, 2015
$550,000
Michael Drew
Reo Funding Solutions III LLC
Grant Deed
—
Oct 17, 2012
$80,000
Reo Funding Solutions III LLC
Atlas Fl I Spe LLC
Grant Deed
—
Apr 29, 2011
$1,000
Atlas Fl I Spe LLC
Port Commerce Center III Prop
Deed In Lieu Of Foreclosure
related
—
Oct 12, 2010
$100
Port Commerce Center III Prop
710 Commerce Park LLC Coc
Trustees Deed
related
—
Jun 21, 2007
—
710 Commerce Park LLC
—
Deed Of Trust
related
$2,347,000 · Branch Banking & Trust Co
May 25, 2005
$912,000
Tree Lake Partners LLC
Gaeta Neil J
Grant Deed
$638,400 · Florida Savings Bank
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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