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Property profile & analytics
FOR SALE
Auto shops
1106 4th S Ave Lake Worth, FL 33460-4302
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2266176
No photos on file
For Sale
Contact for pricing
1106 4th S Ave, Lake Worth, FL 33460-4302
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1957
Construction
CONCRETE
Total area
1,470 SF
Lot
0.34 ac (14,810 SF)
Zoning code
AI
APN
38-43-44-21-15-123-0171
UPID
US18-2266176
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$943k
Blend (final)
Blend
$1.05M
Owner & transaction history
1106 4th Avenue South LLC · 5 yrs held
1106 4th Avenue South LLC
since 2020
Last sale
$735,000
5 recorded transactions
Zoning & alternative use
AI · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,045,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$605,000
Current use
MEDICAL BUILDING
$580,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $735k (Dec 28 2020)
Last sale anchor
$735k
Dec 28 2020
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
$711 / 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
$17,347
Tax year 2023
Assessed value
$740,461
Assessed 2023
Previous assessed
$666,766
+11.1% YoY
Effective rate
2.34%
On assessed value
Assessed land
$243,528
Assessed improvement
$496,933
Land market value
$243,528
Improvement market value
$496,933
Total market value
$740,461
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
1,470 SF
Lot
0.34 ac (14,810 SF)
Zoning code
AI
APN
38-43-44-21-15-123-0171
UPID
US18-2266176
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
AI · Lake Worth, FLZoning AI · permitted uses
AI · Lake Worth, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$605,000
MEDICAL BUILDING
Est. value
$580,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
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
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
1106 4th Avenue South LLC
Entity
Mailing address
2234 N FEDERAL HWY, BOCA RATON, FL 33431-7710
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2021
—
1106 4th Avenue South LLC
—
Deed
related
$514,500 · Seacoast National Bank
Dec 28, 2020
—
1106 4th Avenue South LLC
Ross Bennett
Warranty Deed
$100,000 · Ray & Sally Cooper
Jul 10, 2001
$200,000
Ross Bennett
Auto House INC
Grant Deed
$160,000 · Grand Bank Florida
Jun 4, 1997
$140,000
Auto House INC
Bryant,albion R & Stella K
Grant Deed
$138,650 · Seller
—
—
Ross Bennett
—
Deed Of Trust
related
$63,971 · Grand Bank & Trust Of Florida
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.
Try Rey
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