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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Showrooms
1107 Old Dixie Hwya Lake Park, FL 33403-2311
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4182819
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1963
Construction
CONCRETE
Total area
5,250 SF
Lot
1.34 ac (58,527 SF)
Zoning code
CLIC
APN
36-43-42-20-00-000-7120
UPID
US18-4182819
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
$1.44M
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
Thomas Davis INC · 5 yrs held
Thomas Davis INC
since 2021
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
CLIC · Lake Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose of the CLIC district to allow the development of a mixed use, campus light industrial or commercial employment center. The location of this district abutting the MU mixed use residential or commercial or light industrial district provides opportunities for employment in close proximity to higher population densities, thereby promoting walk…
Zone name
Campus Light Industrial And Commercial
General category
MIXED_USE
Zone area
150.65 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$2.2M
+7.4%
Retail stores
$2.2M
+6.8%
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 Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Park 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
$1,425,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,225,000
7%
$1,140,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,040,000
Current use
INDUSTRIAL (GENERAL)
$2,190,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$2,180,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.51M (May 19 2021)
Last sale anchor
$1.51M
May 19 2021
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
$271 / 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
$31,293
Tax year 2023
Assessed value
$1,308,831
Assessed 2023
Previous assessed
$1,172,468
+11.6% YoY
Effective rate
2.39%
On assessed value
Assessed land
$708,189
Assessed improvement
$600,642
Land market value
$708,189
Improvement market value
$600,642
Total market value
$1,308,831
Applied tax rate
36,501.0000
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
5,250 SF
Lot
1.34 ac (58,527 SF)
Zoning code
CLIC
APN
36-43-42-20-00-000-7120
UPID
US18-4182819
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CLIC · Lake Park, FLZoning CLIC · permitted uses
CLIC · Lake Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose of the CLIC district to allow the development of a mixed use, campus light industrial or commercial employment center. The location of this district abutting the MU mixed use residential or commercial or light industrial district provides opportunities for employment in close proximity to higher population densities, thereby promoting walk to work activity and reduced traffic congestion.
Zone name
Campus Light Industrial And Commercial
General category
MIXED_USE
Zone area
150.65 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Thomas Davis INC
Entity
Free & Clear · 5 yrs held
Mailing address
610 CLEMATIS ST STE CU5, WEST PALM BEACH, FL 33401-5391
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2021
$1,505,000
Thomas Davis INC
Don S Lyons JR
Deed
—
Dec 17, 2015
—
Lyons,don S Trust
Lyons,don S
Quit Claim Deed
related
—
Sep 5, 2014
—
Don S Lyons
Lyons Autobody INC
Quit Claim Deed
related
—
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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