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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
1301 Federal Hwy Lake Worth, FL 33460-1940
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3789752
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1956
Construction
WOOD
Total area
1,230 SF
Lot
0.22 ac (9,500 SF)
Zoning code
MU-FH
APN
38-43-44-15-16-013-0150
UPID
US18-3789752
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
-
Brodie & Starr PA Law Firm
-
Lake Worth Real Estate Real Estate Agency
-
Primera Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$545k
Owner & transaction history
Realdeal Fl LP · 3 yrs held
Realdeal Fl LP
since 2022
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
MU-FH · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$505,000
+27.6%
Medical building
$485,000
+22.2%
Neighborhood: shopping center
$445,000
+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
$525,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$395,000
Current use
AUTO REPAIR, GARAGE
$505,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$445,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$355,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$340,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Sep 21 2022)
Last sale anchor
$550k
Sep 21 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
$443 / 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
$9,776
Tax year 2023
Assessed value
$420,231
Assessed 2023
Previous assessed
$296,600
+41.7% YoY
Effective rate
2.33%
On assessed value
Assessed land
$188,613
Assessed improvement
$231,618
Land market value
$188,613
Improvement market value
$231,618
Total market value
$420,231
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
1956
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
1,230 SF
Lot
0.22 ac (9,500 SF)
Zoning code
MU-FH
APN
38-43-44-15-16-013-0150
UPID
US18-3789752
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-FH · Lake Worth, FL
Zoning MU-FH · permitted uses
MU-FH · 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
$395,000
AUTO REPAIR, GARAGE
Est. value
$505,000
MEDICAL BUILDING
Est. value
$485,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$445,000
RETAIL STORES
Est. value
$355,000
WAREHOUSE, STORAGE
Est. value
$340,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1956
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Realdeal Fl LP
Entity
Free & Clear · 3 yrs held
Mailing address
1301 N FEDERAL HWY, LAKE WORTH BEACH, FL 33460-1940
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
$550,000
Realdeal Fl LP
Soma Investors LLC
Warranty Deed
—
Jun 3, 2022
—
Soma Investors LLC
—
Deed
related
$2,000,000 · Flagler Bank
Jul 24, 2020
$475,000
Soma Investors LLC
Brodie & Starr Pa
Warranty Deed
$352,000 · Flagler Bank
Sep 28, 2010
—
Brodie Pa
Starr,laura J
Quit Claim Deed
related
—
Aug 10, 2005
—
David H Brodie
Starr,laura J
Quit Claim Deed
related
—
May 26, 2005
$499,999
Laura J Starr Pa
Hmsii INC
Warranty Deed
—
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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