5851 45TH ST, WEST PALM BEACH, FL 33407
Parcel: 74424302000003060 · Warehouse · Zoning: 048
Assessed Value (2026)
$51,496,690
Property Details
Year Built
2003
Lot Sqft
2,958,172
Sales History
1
$2,721,107
2001-09-25
Tax Assessment History
$51,496,690
Assessed (2026)
$55,221,440
Market Value
$51,496,690
Taxable Value
$1,048,431
Annual Tax
2025
$55,221,443
2026
$51,496,690
$55,221,440
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $51,496,690 | $55,221,440 | $51,496,690 | $1,048,431 | $9,580,235 | $45,641,210 |
| 2025 | $55,221,443 | $55,221,443 | $55,221,443 | $1,124,264 | $9,580,235 | $45,641,208 |
About 5851 45TH ST, WEST PALM BEACH, FL 33407
5851 45TH ST, WEST PALM BEACH, FL 33407 is a property built in 2003 on a 2,958,172 square foot lot. The property is currently owned by COSTCO WHOLESALE CORP PROPERTY TAX DEPT 174 C/O, recorded as of 2026-04-03. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2001-09-25 for $2,721,107. The 2026 assessed value is $51,496,690 with a market value of $55,221,440. This breaks down to $9,580,235 for the land and $45,641,210 for the building.
The assessed value decreased 7% from $55,221,443 in 2025. The median household income in this area is $68,194, and the median home value is $322,500. The population density is 1,898 people per square mile.
5851 45TH ST, WEST PALM BEACH, FL 33407 is located in WEST PALM BEACH, Florida. Property records, tax assessments, sales history, and ownership information for this WEST PALM BEACH property are sourced from palm_beach County public records. The current assessed value represents 1892% of the most recent sale price.
This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal..
Current Owner
COSTCO WHOLESALE CORP PROPERTY TAX DEPT 174 C/O
999 LAKE DR, ISSAQUAH, WA, 98027
Since: 2026-04-03
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Est. Annual Insurance
$278,482 — $464,270
Flood $400 — $800
Property/Wind $278,082 — $463,470
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$68,194
Median Home Value$322,500
Pop. Density1,898/sq mi
Neighborhood 33407
46.3%
Owner-Occ
53.7%
Investor
5,086
Flips (4yr)
4,003
New Biz (3yr)
Distress Risk
MODERATE
37
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