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74434316190710010

Ranked

524 PALM BEACH LAKES BLVD · West Palm Beach · 1.63 ac · Industrial

NORA WEST SPRUCE OWNER LLC · Llc Small · source: Fdor Live

Composite
0.315
rank #8 · 22% pctile
The win-win — read the three lines together
$0$376K$753K$1.13M$1.51M$1.88MOwner basisCurrent-use value$1.88MMaxBasis₉ — most we can pay$113K

No viable land basis here — MaxBasis₉ doesn't clear the floor against this owner's basis, so there's no win-win offer to make. .

MaxBasis₉
$113K
$1,544 / unit
Ex-land YOC
9.06%
trended
Basis spread
MaxBasis ÷ basis
Rent / cap
0.76
≤1.0 ideal
Site · location & context
parcel polygon
◆ Nearest qualifying transit · structured
▲ Tallest within 1 mile · entitled 3 fl

Outside the qualifying-transit band — structured parking required, which the underwrite carries. The amber figure is the tallest entitled site within the ring it sits in.

On site · current use
524 Palm Beach Lakes Blvd

Subpremise · 524 Palm Beach Lakes Blvd, West Palm Beach, FL 33401, USA

Street View of 74434316190710010
Street View · Google
Entitlement · 2026.06-hb1389
EligibilityCommercial Industrial Mixed Use
Units73
Binding constraintDensity
Density45 du/ac
Height3 fl (entitled 3)
ParkingStructured
71-unit gatePass
Underwrite (screening grade)
Blended 120% cap rent$3,251
Market rent est.$2,465
Effective rent$2,342
NOI (Yr 2)$1.46M
NOI (trended)$1.59M
Cost ex-land$17.61M
Abatement value / yr$263K
Ownership story
Owner typeLlc Small
Tenure
AbsenteeYes
UnleveragedNo
ProbateNo
Conversion score0.25
absentee
Composite breakdown
Basis spread
0.00
Owner conversion
0.25
Ex-land yield
0.27
Rent / cap fit
0.76
Transit / parking
0.40
71-unit gate
1.00
Assemblage
0.60