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124 S H St, Lake Worth, FL 33460
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Property summary
AI-generated overview
This exceptional 5,920 square foot industrial warehouse is ideally situated in the heart of Downtown Lake Worth Beach, Florida, boasting a prime location at 124 S H Street, zip code 33460. The property features a single-tenant occupancy and is zoned AI(cit), with APN 38434421150530050. The building is constructed of concrete block and offers ample parking both in front and in the rear, providing convenient access for loading and unloading. Inside, the warehouse includes one paint spray booth equipped with a M&W DG26A down draft system, and a second paint spray booth with a 99700 down draft system and heat. A dedicated paint mixing room enhances functionality. The property benefits from upgraded three-phase electrical service, ensuring sufficient power for various industrial applications. An on-site office with a bathroom provides convenient workspace, and a second-floor storage area offers additional space for inventory or equipment. This well-maintained warehouse presents a fantastic opportunity for businesses seeking a versatile and strategically located industrial space in a thriving Florida community. The lot size is not currently available.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1982
Construction
CONCRETE
Total area
5,920 SF
Lot
0.23 ac (10,123 SF)
Zoning code
AI
APN
38-43-44-21-15-053-0050
UPID
US18-5171351
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.43M
Owner & transaction history
since 2025
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
AI · Lake Worth, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.43M
Value range
$1.29M – $1.57M
±10% around blend
Estimated value / SF
$242 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
Income certainty
100
$1.29M
blend $1.43M
$1.57M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,920 SF
Lot area
0.23 ac
Year built
1982
Stories
1
APN
38-43-44-21-15-053-0050
Zoning
AI
Assessed value
$584,621
Annual tax
$13,111
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$13,111
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.44M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.3 mi away · 7,690 SF
12.7 mi away · 5,888 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.43M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 31 sales
$412
-41%
County 119 sales
$494
-51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $242/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$913k
Move the market yield to see immediate price impact.
Value / SF
$154
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$58k
$1.15M
$822k
$639k
$64k
$1.28M
$913k
$710k
$70k
$1.41M
$1.00M
$781k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$3.02M
2.1 mi · Feb 2026 · $446/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,111
Tax year 2023
Assessed value
$584,621
Assessed 2023
Previous assessed
$520,662
+12.3% YoY
Effective rate
2.24%
On assessed value
Assessed land
$132,726
Assessed improvement
$451,895
Land market value
$132,726
Improvement market value
$451,895
Total market value
$584,621
Applied tax rate
38,453.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
5,920 SF
Lot
0.23 ac (10,123 SF)
Zoning code
AI
APN
38-43-44-21-15-053-0050
UPID
US18-5171351
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
AI · Lake Worth, FLZoning AI · permitted uses
AI · Lake Worth, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
AI
Jurisdiction
Lake Worth, FL
Recorded code
AI
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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