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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Showrooms
1110 2nd S Ave Lake Worth, FL 33460-4002
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4059249
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1948
Construction
WOOD
Total area
3,000 SF
Lot
0.27 ac (11,944 SF)
Zoning code
TOD-E
APN
38-43-44-21-15-057-0171
UPID
US18-4059249
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
Current use
Occupant on record · Public records
-
Yogi Motorsport Llc Motorcycle Shop
-
Lake Worth Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$660k
Owner & transaction history
1110 2nd Ave S LLC · 3 yrs held
1110 2nd Ave S LLC
since 2023
6 recorded transactions
Zoning & alternative use
TOD-E · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+38.6%
Office building
$970,000
+22.9%
Retail stores
$860,000
+9.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$785,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,090,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: +23% · Conversion: Easy
RETAIL STORES
$860,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$835,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
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
$220 / 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
$7,683
Tax year 2023
Assessed value
$327,956
Assessed 2023
Previous assessed
$272,010
+20.6% YoY
Effective rate
2.34%
On assessed value
Assessed land
$156,560
Assessed improvement
$171,396
Land market value
$156,560
Improvement market value
$171,396
Total market value
$327,956
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
1948
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,000 SF
Lot
0.27 ac (11,944 SF)
Zoning code
TOD-E
APN
38-43-44-21-15-057-0171
UPID
US18-4059249
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOD-E · Lake Worth, FL
Zoning TOD-E · permitted uses
TOD-E · 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
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING
Est. value
$970,000
RETAIL STORES
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$835,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
1110 2nd Ave S LLC
Entity
Mailing address
21527 MAHOE RD, BOCA RATON, FL 33433-3719
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
—
1110 2nd Ave S LLC
Sherida Mohammed
Warranty Deed
—
Mar 3, 2006
$625,000
Sherida Mohammed
Jworm Investments INC
Warranty Deed
—
Feb 28, 2003
$60,000
Jay C Preefer
Pults,helen A
Grant Deed
—
Jun 28, 2001
—
Jworm Imvestments INC
432 INC
Quit Claim Deed
related
—
—
—
Jworm Investments INC
—
Deed Of Trust
related
$200,000 · Ernest A Zillessen
—
—
Sherida Mohammed
—
Deed Of Trust
related
$292,800 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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