Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Grocery and convenience stores
1220 Us Hwy 1st 1 Lake Park, FL 33403-2813
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4039913
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1998
Construction
CONCRETE
Total area
2,998 SF
Lot
0.98 ac (42,584 SF)
Zoning code
MU
APN
36-43-42-20-01-044-0200
UPID
US18-4039913
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
$520k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$700k
Owner & transaction history
Lake Park Se Associates LLC · 10 yrs held
Lake Park Se Associates LLC
since 2015
6 recorded transactions
Zoning & alternative use
MU · Lake Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+32.0%
Office building
$1.1M
+20.2%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$885,000
Current use
COMMERCIAL (GENERAL)
$1,165,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,060,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$233 / 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
$45,681
Tax year 2023
Assessed value
$2,019,683
Assessed 2023
Previous assessed
$1,994,098
+1.3% YoY
Effective rate
2.26%
On assessed value
Assessed land
$1,027,978
Assessed improvement
$991,705
Land market value
$1,027,978
Improvement market value
$991,705
Total market value
$2,019,683
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
6
Total area
2,998 SF
Lot
0.98 ac (42,584 SF)
Zoning code
MU
APN
36-43-42-20-01-044-0200
UPID
US18-4039913
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU · Lake Park, FL
Zoning MU · permitted uses
MU · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1998
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Lot
0.98 ac
Current owner
From public records · entity-resolved
Lake Park Se Associates LLC
Entity
Mailing address
80 NASHUA RD STE #24, LONDONDERRY, NH 03053-3447
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
Dec 8, 2025
—
Lake Park Se Associates LLC
—
Deed
related
$2,550,000 · Bay Vanguard Bank
Dec 14, 2015
$3,608,000
Lake Park Se Associates LLC
Mt Lake Park LLC
Grant Deed
$4,287,500 · Bankunited Fsb
Dec 14, 2015
—
Mt Lake Park LLC
Chaves-lake Park Corp
Grant Deed
related
—
Jun 3, 2014
$3,450,000
Mt Lake Park LLC
Chaves-lake Park Corp
Trustees Deed
$2,475,000 · Banesco USA
Apr 19, 1999
$2,125,700
Chaves-lake Park Corp
Utf Lake Park LLC
Grant Deed
—
Jul 24, 1998
$810,000
Utf Lake Park LLC
Lehane Trust
Grant Deed
$1,317,500 · Nationsbank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1220 Us Hwy 1st 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
