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Property profile & analytics
OFF-MARKET
Estimated value
$6,955,000
Office buildings
120 Federal Hwy Lake Worth, FL 33460-3403
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-3498964
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
CONCRETE
Total area
30,610 SF
Lot
0.9 ac (39,012 SF)
Zoning code
DT
APN
38-43-44-21-15-028-0030
UPID
US18-3498964
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
-
JDA Insurance Group Insurance Agency
-
THE GOLDSTEIN GROUP Real Estate Agency
-
Global Resource Staffing Employment Agency
-
Alterra Home Loans Loan Service Bank
-
MLS Business Solutions Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.91M
Blend (final)
Blend
$6.96M
Owner & transaction history
Hh Promenade LLC · 11 yrs held
Hh Promenade LLC
since 2015
6 recorded transactions
Zoning & alternative use
DT · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.1M
+12.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,875,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,135,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$8,790,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,495,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.96M
Range $6.26M – $7.65M · ±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
$227 / 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
$104,620
Tax year 2023
Assessed value
$5,250,000
Assessed 2023
Previous assessed
$3,600,000
+45.8% YoY
Effective rate
1.99%
On assessed value
Assessed improvement
$5,250,000
Improvement market value
$5,250,000
Total market value
$5,250,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
30,610 SF
Lot
0.9 ac (39,012 SF)
Zoning code
DT
APN
38-43-44-21-15-028-0030
UPID
US18-3498964
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DT · Lake Worth, FL
Zoning DT · permitted uses
DT · 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
OFFICE BUILDING Current
Est. value
$9.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.1M
RETAIL STORES
Est. value
$8.8M
WAREHOUSE, STORAGE
Est. value
$8.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.9 ac
Current owner
From public records · entity-resolved
Hh Promenade LLC
Entity
Free & Clear · 11 yrs held
Mailing address
500 NORTHPOINT PKWY STE #300, WEST PALM BEACH, FL 33407-1903
Ownership since
2015
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
May 8, 2015
$2,785,000
Hh Promenade LLC
Ajd Florida LLC
Grant Deed
—
May 11, 2006
—
Ajd Florida LLC
—
Trustees Deed
related
$1,440,000 · Grand Bank & Trust Of Florida
—
—
Ajd Florida LLC
—
Deed Of Trust
related
$3,000,000 · Grand Bank & Trust Of Florida
—
—
Ajd Florida LLC
—
Deed Of Trust
related
$195,000 · Grand Bank & Trust Of Florida
—
—
Ajd Florida LLC
—
Loan Modification
related
$4,427,272 · Grand Bank & Trust Of Florida
—
—
Ajd Florida LLC
—
Deed Of Trust
related
$4,625,047 · Grand Bank & Trust Of Florida
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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