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Property profile & analytics
OFF-MARKET
Estimated value
$4,410,000
Retail space
1220 10th St Ste A Lake Park, FL 33403-2130
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0412038
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Construction
CONCRETE
Total area
19,866 SF
Lot
2.78 ac (120,901 SF)
Zoning code
C2
APN
36-43-42-20-01-123-0030
UPID
US19-0412038
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
$4.41M
CAP Approach
CAP
$4.32M
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$4.41M
Owner & transaction history
117 E Central Blvd LLC · 3 yrs held
117 E Central Blvd LLC
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
C2 · 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
Method
Estimation
Statistic approach
$4,315,000
ML approach
$4,410,000
CAP Approach
CAP Return
Estimation
6%
$4,680,000
6.5%
$4,320,000
7%
$4,010,000
Blend value · Realmo final
$4.41M
Range $3.97M – $4.85M · ±10% · vs last sale $4.50M (Jun 17 2022)
Last sale anchor
$4.50M
Jun 17 2022
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
$222 / 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
$82,560
Tax year 2023
Assessed value
$3,472,427
Assessed 2023
Previous assessed
$3,472,427
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,209,020
Assessed improvement
$2,263,407
Land market value
$1,209,020
Improvement market value
$2,263,407
Total market value
$3,472,427
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
19,866 SF
Lot
2.78 ac (120,901 SF)
Zoning code
C2
APN
36-43-42-20-01-123-0030
UPID
US19-0412038
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C2 · Lake Park, FL
Zoning C2 · permitted uses
C2 · 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
1967
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.78 ac
Current owner
From public records · entity-resolved
117 E Central Blvd LLC
Entity
Mailing address
701 US HWY 1ST STE #402, NORTH PALM BEACH, FL 33408-4514
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
—
117 E Central Blvd LLC
Jmjc Real Property Mangement
Quit Claim Deed
related
$1,248,000 · Anchor Bank
Jun 17, 2022
$4,500,000
Js 1220 10th Street LLC
1220 Lake Park Partners LLC
Warranty Deed
—
Jun 17, 2022
—
1220 Lake Park Partners LLC
1220 Lake Park Partners LLC
Intrafamily Transfer
related
—
Oct 21, 2016
—
1220 Lake Park Partners LLC
—
Deed
related
$1,150,000 · Seaside Nat'l Bk&tr
Oct 14, 2009
—
1220 Lake Park Partners LLC
—
Trustees Deed
related
$1,246,174 · Northern Trust Co
Oct 28, 2003
$1,250,000
1220 Lake Park Partners LLC
Palm Beach LP Ltd
Grant Deed
$1,155,000 · Northern Trust Bank Of Florida
Nov 26, 1997
$430,000
Palm Beach LP Ltd
Steiner,phyllis
Grant Deed
$470,000 · Heller First Capital
—
—
Palm Beach LP Ltd
—
Deed Of Trust
related
$470,000 · Community Redev Agency
—
—
1220 Lake Park Partners LLC
—
Deed Of Trust
related
$1,150,000 · Seaside Nat'l Bk&tr
—
—
1220 Lake Park Partners LLC
—
Deed Of Trust
related
$171,256 · Northern Trust Bank Of Florida
—
—
1220 Lake Park Partners LLC
—
Deed Of Trust
related
$150,000 · Northern Trust Bank Of Florida
—
—
1220 Lake Park Partners LLC
—
Deed Of Trust
related
$1,239,460 · Northern Trust Co
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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