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Property profile & analytics
FOR LEASE
Outlet malls
1220 Northlake Blvd, Lake Park, FL 33403
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-6329726
For Lease
1 / 2
$16,140,000
1220 Northlake Blvd, Lake Park, FL 33403
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1974
Construction
CONCRETE
Total area
95,272 SF
Lot
8.78 ac (382,339 SF)
Zoning code
C1
APN
36-43-42-20-40-002-0000
UPID
US18-6329726
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
$20.72M
Comparable Approach
Comparable
$9.97M
Blend (final)
Blend
$16.14M
Owner & transaction history
Sc Lake Park Associates Lllp · 10 yrs held
Sc Lake Park Associates Lllp
since 2015
7 recorded transactions
Zoning & alternative use
C1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,450,000
6.5%
$20,720,000
7%
$19,240,000
Blend value · Realmo final
$16.14M
Range $14.53M – $17.75M · ±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
$169 / 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
$303,858
Tax year 2023
Assessed value
$12,716,657
Assessed 2023
Previous assessed
$12,535,156
+1.4% YoY
Effective rate
2.39%
On assessed value
Assessed land
$4,335,724
Assessed improvement
$8,380,933
Land market value
$4,335,724
Improvement market value
$8,380,933
Total market value
$12,716,657
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
95,272 SF
Lot
8.78 ac (382,339 SF)
Zoning code
C1
APN
36-43-42-20-40-002-0000
UPID
US18-6329726
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C1 · Lake Park, FL
Zoning C1 · permitted uses
C1 · 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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
8.78 ac
Current owner
From public records · entity-resolved
Sc Lake Park Associates Lllp
Entity
Free & Clear · 10 yrs held
Mailing address
302 DATURA ST STE #100, WEST PALM BCH, FL 33401-5481
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2018
—
Sc Lake Pakr Associates Lllp
—
Deed
related
$19,300,000 · Florida Community Bank NA
Aug 5, 2015
—
Sc Lake Park Associates Lllp
Sc Lake Park Assocs II Lllp
Quit Claim Deed
—
Oct 3, 2011
—
Lake Park Assocs Sc II
Sc Lake Park Associates Lllp
Quit Claim Deed
related
—
Jul 13, 2004
$12,075,000
Sc Lake Park Associates Lllp
Lef Of Lake Park LLC
Grant Deed
$8,816,000 · Bank Of Nat'l Tr & Svgs
—
—
Sc Lake Park Associates Lllp
—
Loan Modification
related
$911,716 · Us Bank NA #2006-pwr13 (ce)
—
—
Lake Park Assocs Sc II
—
Deed Of Trust
related
$2,087,500 · Gulfstream Business Bank
—
—
Sc Lake Park Associates Lllp
—
Loan Modification
related
$1,219,850 · Nationwide Life Insurance 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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