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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Industrial properties
1408 Killian Dr Ste 101 Lake Park, FL 33403-1960
Individually Owned
Free & Clear
Property ID
US19-0710129
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1985
Construction
CONCRETE
Total area
17,985 SF
Lot
1.19 ac (51,749 SF)
Zoning code
C4
APN
36-43-42-20-09-000-0240
UPID
US19-0710129
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
$4.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.04M
Owner & transaction history
Edward Lubic
Edward Lubic
since 2025
7 recorded transactions
Zoning & alternative use
C4 · Lake Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the regulations in this district is to encourage the development or redevelopment of uses which are compatible with the uses of the surrounding or abutting districts, and to provide for appropriate landscaping and parking for the uses in this district.
Zone name
Business District
General category
COMMERCIAL
Zone area
110.55 ac
Source
Realmo
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%
$4,550,000
6.5%
$4,200,000
7%
$3,900,000
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±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
$51,385
Tax year 2023
Assessed value
$2,393,197
Assessed 2023
Previous assessed
$1,980,159
+20.9% YoY
Effective rate
2.15%
On assessed value
Assessed land
$733,815
Assessed improvement
$1,659,382
Land market value
$733,815
Improvement market value
$1,659,382
Total market value
$2,393,197
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
2
Units
1
Rooms
1
Total area
17,985 SF
Lot
1.19 ac (51,749 SF)
Zoning code
C4
APN
36-43-42-20-09-000-0240
UPID
US19-0710129
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C4 · Lake Park, FLZoning C4 · permitted uses
C4 · Lake Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the regulations in this district is to encourage the development or redevelopment of uses which are compatible with the uses of the surrounding or abutting districts, and to provide for appropriate landscaping and parking for the uses in this district.
Zone name
Business District
General category
COMMERCIAL
Zone area
110.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Rooms
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Edward Lubic
Individual
Free & Clear · 0 yrs held
Mailing address
1408 N KILLIAN DR, LAKE PARK, FL 33403-1962
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
—
Edward Lubic
Edward Lubic
Deed
related
—
Dec 6, 2017
$1,700,000
Edward Lubic
North Killian Prof Complex LLC
Warranty Deed
—
Jun 9, 2016
—
North Killian Prof Complex LLC
—
Deed
related
$1,277,306 · Stonegate Bk
Aug 6, 2007
$1,900,000
North Killian Prof Complex LLC
Taurus Leasing INC
Warranty Deed
$1,500,000 · Integrity Bank
Jun 18, 2002
$660,000
Taurus Leasing INC
Killian Development Co
Grant Deed
$528,000 · Sterling Bank Fsb
—
—
North Killian Prof Complex LLC
—
Deed Of Trust
related
$1,500,000 · Stonegate Bank
—
—
Killian Development Co
—
Deed Of Trust
related
$100,000 · Suntrust Bank NA
—
—
North Killian Prof Complex LLC
—
Loan Modification
related
$1,277,306 · Stonegate Bk
—
—
Taurus Leasing INC
—
Deed Of Trust
related
$80,000 · Sterling Bank Fsb
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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