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    1105 Federal Hwy, Unit 1 Lake Worth, FL 33460-5243
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    Property profile & analytics

    1105 Federal Hwy, Unit 1, Lake Worth, FL 33460-5243

    View on Map
    • Hotels
    • 5,286 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Dec 9, 2024
    $2,175,000
    Property ID
    US18-2282607
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,175,000
    Show details
    Cap Rate Potential
    2.2%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • The Casa Loma / Apartment Complex / Apartment Building

    Property Details for 1105 Federal Hwy

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    0.31 lot acres
    Zone code
    MU-FH
    Property type
    Hotels
    Property subtype
    Motels
    APN
    38-43-44-27-01-048-0090
    APU
    38434427010480090

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 9, 2024 $2,175,000 Mary Swanson Casa Loma Beach LLC Warranty Deed —
    Dec 8, 2021 $1,375,000 Casa Loma Beach LLC Front Row Real Estate LLC Warranty Deed —
    Sep 8, 2014 $675,000 Front Row Real Estate LLC Ns Rental Properties LLC Grant Deed $620k · Ns Rental Properties LLC
    Jul 23, 2013 $550,000 Ns Rental Properties LLC Azozu LLC Warranty Deed —
    Jul 23, 2013 — Azozu LLC Llml1 LLC Quit Claim Deed · related —
    Aug 8, 2012 $225,000 Llml1 LLC Lendalk Properties LLC Warranty Deed —
    Jul 18, 2012 $154,100 Lendalk Properties LLC Tratnik,edeltraud S Coc Trustees Deed · related —
    Jun 8, 2007 — Edeltraud S Tratnik Tratnik,edeltraud S Quit Claim Deed · related $416k · Sterling Bank
    Jun 29, 2000 $310,000 Wilhelm Siegmann Casa Loma Motel INC Grant Deed $270k · Joseph Rosaler Trustee
    — — Edeltraud Siegmann-tratnik — Deed Of Trust · related $150k · Sterling Bank
    — — Edeltraud Siegmann — Deed Of Trust · related $305k · Fidelity Federal Bank & Trust
    — — Edeltraud Siegmann-tratnik — Deed Of Trust · related $110k · Sterling Bank

    Description

    This exceptional 14-unit hotel in Lake Worth Beach, Florida presents a lucrative investment opportunity. The two-story concrete block building, constructed in 1990, has undergone a comprehensive renovation. Improvements include a brand-new roof, impact-resistant windows and doors, updated signage, and a modern security camera system. All 14 units boast recently renovated interiors featuring stainless steel appliances, granite countertops, porcelain flooring, new window blinds, and contemporary kitchen cabinetry. Twelve units are equipped with new Mitsubishi mini-split air conditioning units. The property benefits from a transient license, allowing for flexible short-term or long-term rental strategies. Historically operating at near 100% occupancy, the hotel achieves effective rents of $1,678 per unit. Located at 1105 S Federal Hwy #1, Lake Worth, FL 33460, in Palm Beach County, this property offers a compelling combination of strong performance and modern amenities. The asking price is $2,250,000. This turnkey operation is ready for immediate income generation and presents significant potential for future growth. The property's concrete block construction ensures durability and longevity, while the recent renovations minimize immediate capital expenditure needs. The strategic location in Lake Worth Beach provides easy access to local attractions and amenities, further enhancing its appeal to both short-term and long-term renters.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,175,000
      ML approach
      $2,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,248,000
      Market price range: $1.27M - $3.07M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,215,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,625,000
      Change: +64% Conversion: Difficult
      RESTAURANT
      $3,060,000
      Change: +38% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,175,000
      Change: -2% Conversion: Difficult
      MEDICAL BUILDING
      $2,085,000
      Change: -6% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,925,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0526
    Latitude
    26.6022
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,680
    $420,000
    $527,470
    $947,470
    -
    $420,000
    $527,470
    $947,470

    Comparable in this City

    • Value Estimation
      $2,005,000
      6,187 SF

      1528 Federal Hwy

      HOTEL/MOTEL
      1528 Federal Hwy, Lake Worth, FL 33460-5764
      View Details
    • Value Estimation
      $1,250,000
      3,798 SF

      1503 Federal Hwy

      HOTEL/MOTEL
      1503 Federal Hwy, Lake Worth, FL 33460-5763
      View Details
    • Value Estimation
      $2,190,000
      12,696 SF

      901 Federal Hwy, Unit 1

      HOTEL/MOTEL
      901 Federal Hwy, Lake Worth, FL 33460-5136
      View Details
    • Value Estimation
      $2,720,000
      1,854 SF

      1700 Federal Hwy, Unit 101

      HOTEL/MOTEL
      1700 Federal Hwy, Lake Worth, FL 33460-5840
      View Details
    • Value Estimation by Request
      1,454 SF

      801 Dixie Hwy

      HOTEL/MOTEL
      801 Dixie Hwy, Lake Worth, FL 33460-5041
      View Details
    • Value Estimation
      $905,000
      4,063 SF

      2001 Dixie Hwy

      HOTEL/MOTEL
      2001 Dixie Hwy, Lake Worth, FL 33460-6260
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lake Worth Motel Investment Opportunity

      Thriving 32-room motel with restaurant and pool in Lake Worth.
      901 S Federal Hwy, Lake Worth, FL 33460
      View Details
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      11,810 SF

      Holiday House Motel For Sale

      Lake Worth Beach motel with 30 rooms on 0.5971 acres.
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    • Contact for pricing
      11,810 SF

      Motel with Courtyard and Pool

      Pool-centric motel property on Federal Highway with an existing motel license for potential hospitality repositioning.
      320 North Federal Hwy, Lake Worth, FL 33460
      View Details
    • $925,000
      2,484 SF

      Income-Producing Multifamily Property

      Fully occupied 4-unit property in Lake Worth Beach, Florida.
      1008 18Th Ave North, Lake Worth, FL 33460
      View Details

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      Lake Worth Retail/Office Space

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      Stand-Alone Building on Lake Worth

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      Renovated Office Suites For Rent

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    • $4,500 /Mo

      Retail Space in College Park

      Prime retail space with high visibility and flexible layout.
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    Lake Worth, FL 33460-5243
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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