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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Showrooms
1106 6th Ave N Ste 1 Lake Worth, FL 33460-2917
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8672239
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1975
Construction
CONCRETE
Total area
12,837 SF
Lot
0.59 ac (25,500 SF)
Zoning code
AI
APN
38-43-44-21-15-144-0170
UPID
US18-8672239
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
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$1.90M
Owner & transaction history
Choo Choo Chai LLC · 4 yrs held
Choo Choo Chai LLC
since 2022
Last sale
$1.9M
7 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
$1,895,000
ML approach
$1,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $1.88M (May 13 2022)
Last sale anchor
$1.88M
May 13 2022
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
$148 / 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
$28,636
Tax year 2023
Assessed value
$1,118,306
Assessed 2023
Previous assessed
$920,750
+21.5% YoY
Effective rate
2.56%
On assessed value
Assessed land
$250,675
Assessed improvement
$867,631
Land market value
$250,675
Improvement market value
$867,631
Total market value
$1,118,306
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
12,837 SF
Lot
0.59 ac (25,500 SF)
Zoning code
AI
APN
38-43-44-21-15-144-0170
UPID
US18-8672239
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
AI · Lake Worth, FL
Zoning 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
Lake Worth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Choo Choo Chai LLC
Entity
Mailing address
1316 N DIXIE HWY, HOLLYWOOD, FL 33020-3049
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$1,875,000
Choo Choo Chai LLC
Industrial Properties 2000 LLC
Warranty Deed
—
Jan 12, 2018
$1,467,750
Industrial Properties 2000 LLC
Lake Worth Industrial LLC
Grant Deed
related
$880,650 · E5 Cap Grp LLC
Dec 20, 2017
$120,100
Lake Worth Industrial LLC
Eire Flw LLC Coc
Trustees Deed
—
Apr 13, 2005
$1,200,000
Eire Flw LLC
Kmv Properties LLC
Warranty Deed
$840,000 · Regent Bank
Jul 19, 2004
$1,000,000
Kmv Properties LLC
Albright,mark
Warranty Deed
$110,000 · Robert G & Joelen K Merkel
Apr 6, 2004
$735,000
Mark Albright
Boliver,alvaro
Grant Deed
$640,000 · Robert G & Joelen K Merkel
May 25, 2001
$375,000
Alvaro Bolivar
Macfarlane,robert C & Joyce E
Grant Deed
$275,000 · Robert C & Joyce E
—
—
Alvaro Bolivar
—
Deed Of Trust
related
$200,000 · Robert C & Joyce E Macfarlane
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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