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Property profile & analytics
OFF-MARKET
Estimated value
$6,980,000
Office buildings
1005 Lk Ave Lake Worth, FL 33460-3709
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-2448883
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
CONCRETE
Total area
30,461 SF
Lot
0.41 ac (17,820 SF)
Zoning code
TOD-E
APN
38-43-44-21-15-013-0170
UPID
US18-2448883
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
Current use
Occupant on record · Public records
-
Source1 Logistics Company Freight Service
-
Mediasophia, INC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
West Palm Beach Financial Advisor - Aaron Brask Capital Financial Advisor
-
EcoCentre Corporate Office
-
Legalsophia Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.08M
Blend (final)
Blend
$6.98M
Owner & transaction history
Yasmin Real Estate LLC · 7 yrs held
Yasmin Real Estate LLC
since 2019
7 recorded transactions
Zoning & alternative use
TOD-E · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.1M
+12.8%
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 Lake Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Worth 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,080,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$8,745,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,455,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.98M
Range $6.28M – $7.68M · ±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
$229 / 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
$63,080
Tax year 2023
Assessed value
$5,350,000
Assessed 2023
Previous assessed
$5,250,000
+1.9% YoY
Effective rate
1.18%
On assessed value
Assessed improvement
$5,350,000
Improvement market value
$5,350,000
Total market value
$5,350,000
Applied tax rate
38,453.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
30,461 SF
Lot
0.41 ac (17,820 SF)
Zoning code
TOD-E
APN
38-43-44-21-15-013-0170
UPID
US18-2448883
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOD-E · Lake Worth, FL
Zoning TOD-E · permitted uses
TOD-E · Lake Worth, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Worth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.1M
RETAIL STORES
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$8.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
Yasmin Real Estate LLC
Entity
Mailing address
1005 LK AVE, LAKE WORTH BEACH, FL 33460-3709
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
—
Yasmin Real Estate LLC
—
Deed
related
$3,815,000 · Middlesex Svgs Bk
Feb 27, 2019
$5,350,000
Yasmin Real Estate LLC
Lake Worth Eco Properties LLC
Warranty Deed
$3,815,000 · Middlesex Savings Bank
Jul 21, 2010
—
Lake Worth Eco Properties LLC
Vive Verde North LLC Coc
Trustees Deed
related
—
Sep 13, 2007
—
Vive Verde North LLC
—
Grant Deed
related
$6,861,725 · Meecorp Cap Mkts LLC
Jul 2, 2007
$1,000
Vive Verde North LLC
Vive Verde INC
Grant Deed
—
Nov 23, 2004
—
Vive Verde INC
Romano,john F & Nancy L
Grant Deed
related
—
Mar 14, 2000
$210,500
John F Romano
Romano,rodney G
Grant Deed
related
$66,518 · Seller
—
—
Yasmin Real Estate LLC
—
Deed Of Trust
related
$3,815,000 · Middlesex Svgs Bk
—
—
Vive Verde North LLC
—
Deed Of Trust
related
$2,620,575 · Meecorp Cap Mkts LLC
—
—
John F Romano
—
Deed Of Trust
related
$363,020 · Allied Mortgage & Financial Co
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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