LEE COUNTY PROPERTY APPRAISER GENERATED ON 10/17/2026 10:56 PM Current Working Values
SITE ADDRESS
ROYAL PALM AVE
OWNER'S NAME
ROYAL PARTNERSHIP LLC
OWNER'S ADDRESS
3137 NE 163RD ST
NORTH MIAMI BEACH FL 33160
PROPERTY DESCRIPTION
FIRST STREET APARTMENTS
AS DESC IN INSTRUMENT 2022000128123
TRACT B
DOR CODE 10 - VACANT COMMERCIAL
NBHD CODE
55-205.0
DOWNTOWN AREA
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
 
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1050 VAC PROF U-CTR 0 0 1.00 1.00 0 21.75 28,192.00 SF 1.00 - JH
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 613,176
FOLIO ID: 10613222 STRAP: 13-44-24-P4-3800B.0000
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2025000262430 9/29/2025 01 01 V 775,000
 
 
 
 
 
 
VALUE SUMMARY Current Values 2025
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 613,176
COST APPROACH VALUE * *
INCOME APPROACH VALUE * *
SALES APPROACH VALUE * *
MARKET VALUE * 613,176
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.