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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Showrooms
1107 4th S Ave 1 Lake Worth, FL 33460-4301
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3192609
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1956
Construction
WOOD
Total area
2,932 SF
Lot
0.36 ac (15,834 SF)
Zoning code
AI
APN
38-43-44-21-15-145-0171
UPID
US18-3192609
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
$670k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$625k
Owner & transaction history
Aqua Escapes INC · 6 yrs held
Aqua Escapes INC
since 2020
Last sale
$480,000
5 recorded transactions
Zoning & alternative use
AI · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$945,000
+22.9%
Retail stores
$840,000
+9.4%
Warehouse, storage
$815,000
+5.8%
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
$685,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$770,000
Current use
OFFICE BUILDING
$945,000
Change: +23% · Conversion: Easy
RETAIL STORES
$840,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$815,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $480k (Jan 7 2020)
Last sale anchor
$480k
Jan 7 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
$213 / 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
$10,026
Tax year 2023
Assessed value
$430,754
Assessed 2023
Previous assessed
$388,079
+11.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$207,571
Assessed improvement
$223,183
Land market value
$207,571
Improvement market value
$223,183
Total market value
$430,754
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
1956
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,932 SF
Lot
0.36 ac (15,834 SF)
Zoning code
AI
APN
38-43-44-21-15-145-0171
UPID
US18-3192609
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$770,000
OFFICE BUILDING
Est. value
$945,000
RETAIL STORES
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$815,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1956
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Aqua Escapes INC
Entity
Mailing address
8155 CHELSEA CT APT C, WEST PALM BEACH, FL 33406-8414
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
Jan 7, 2020
$480,000
Aqua Escapes INC
Gwynne Properties LLC
Warranty Deed
$408,000 · Gwynne Properties LLC
Aug 24, 2005
$46,501
Gwynne Properties LLC
Mendez,rose J
Quit Claim Deed
related
—
Aug 9, 2005
—
Gwynne Prop LLC
Owner,record
Quit Claim Deed
related
—
Jun 21, 2001
$145,000
Rose J Mendez
Cain,bufford H
Grant Deed
$95,000 · Bufford H
Jul 18, 1997
$65,000
Bufford H Cain
Bryant,albion R & Stella K
Grant Deed
$55,000 · Seller
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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