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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Showrooms
1137 Silver Bch Rd Lake Park, FL 33403-3025
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-1018628
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1968
Construction
STEEL FRAME
Total area
6,600 SF
Lot
0.29 ac (12,423 SF)
Zoning code
CLIC
APN
36-43-42-20-07-003-0050
UPID
US18-1018628
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Renu Investment Properties LLC · 13 yrs held
Renu Investment Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
CLIC · Lake Park, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$162 / 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
$9,051
Tax year 2023
Assessed value
$792,252
Assessed 2023
Previous assessed
$690,053
+14.8% YoY
Effective rate
1.14%
On assessed value
Assessed land
$184,482
Assessed improvement
$607,770
Land market value
$184,482
Improvement market value
$607,770
Total market value
$792,252
Applied tax rate
36,507.0000
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
1968
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,600 SF
Lot
0.29 ac (12,423 SF)
Zoning code
CLIC
APN
36-43-42-20-07-003-0050
UPID
US18-1018628
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CLIC · Lake Park, FL
Zoning 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
Lake Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Renu Investment Properties LLC
Entity
Mailing address
12745 CITRUS GRV BLVD, WEST PALM BCH, FL 33412-2376
Ownership since
2013
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
Apr 16, 2013
$240,000
Renu Investment Properties LLC
Street Signs USA INC
Warranty Deed
—
May 11, 2009
$570,000
Street Signs USA INC
1137 Silver Beach LLC
Warranty Deed
$190,000 · 1137 Silver Beach LLC
Aug 9, 2005
—
1137 Silver Beach LLC
Kelly Stone INC
Quit Claim Deed
related
—
Feb 25, 2005
$330,000
Kelly Stone INC
Weldco Investments INC
Grant Deed
$330,000 · Maurice D & Nehama Blonder
Oct 26, 1999
$217,000
Weldco Investments INC
Sunbrook Properties
Grant Deed
$173,600 · Fidelity Fsb Florida
—
—
Street Signs USA INC
—
Deed Of Trust
related
$140,000 · John & Agnes Summers
—
—
Renu Investment Properties LLC
—
Deed Of Trust
related
$240,000 · Pnc Bank
—
—
Street Signs USA INC
—
Deed Of Trust
related
$420,000 · Richard & Carol Beck
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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