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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Hotels
1426 Federal Hwy 1, Lake Worth, FL 33460-5726
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-0963184
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1959
Construction
CONCRETE
Total area
3,660 SF
Lot
0.31 ac (13,499 SF)
Zoning code
MU-FH
APN
38-43-44-27-01-076-0010
UPID
US18-0963184
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
-
White Horse Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.10M
Owner & transaction history
Miroslaw Pelc · 15 yrs held
Miroslaw Pelc
since 2010
7 recorded transactions
Zoning & alternative use
MU-FH · Lake Worth, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,535,000
Current use
AUTO REPAIR, GARAGE
$1,505,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$1,445,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,330,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$301 / 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
$10,600
Tax year 2023
Assessed value
$594,803
Assessed 2023
Previous assessed
$461,853
+28.8% YoY
Effective rate
1.78%
On assessed value
Land market value
$350,000
Improvement market value
$291,276
Total market value
$641,276
Applied tax rate
38,457.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
10
Rooms
10
Total area
3,660 SF
Lot
0.31 ac (13,499 SF)
Zoning code
MU-FH
APN
38-43-44-27-01-076-0010
UPID
US18-0963184
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
HOTEL/MOTEL Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
10
Rooms
10
Lot
0.31 ac
Current owner
From public records · entity-resolved
Miroslaw Pelc
Individual
Mailing address
1426 S FEDERAL HWY, LAKE WORTH BEACH, FL 33460-5726
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2010
$140,000
Miroslaw Pelc
States Rsrcs Corp
Grant Deed
$126,000 · States Resources Corp
Aug 27, 2010
$120,100
States Rsrcs Corp
Whittingham,delores Coc
Trustees Deed
—
Jan 22, 2004
$475,000
Deloris Whittingham
Hill,beverlie
Grant Deed
$380,000 · Ameribank
Jun 5, 2002
$370,000
Beverlie Hill
Broadway A-z LLC
Grant Deed
—
Aug 23, 2001
$210,000
Broadway A-z LLC
Celi,charles P
Grant Deed
$40,000 · Charles P
Jun 28, 1999
$120,000
Charles P Celi
Kaspe,hillevi
Grant Deed
$120,000 · East Coast Finance & Mortgage
Apr 8, 1998
$175,000
Kaspe,hillevi
Martikainen,pekka
Trustees Deed
$41,406 · First Southern National Bank
—
—
Hellevi Kaspe
—
Deed Of Trust
related
$41,406 · Individual
—
—
Miroslaw Pelc
—
Deed Of Trust
related
$118,000 · Ryszard & Halina Zatorski
—
—
Deloris Whittingham
—
Deed Of Trust
related
$400,000 · World Savings
—
—
Beverlie Hill
—
Deed Of Trust
related
$262,500 · Palm Beach County Bank
—
—
Miraslaw Pelc
—
Loan Modification
related
$83,317 · Ryszard Zatorski
—
—
Pekka Martikainen
—
Deed Of Trust
related
$47,000 · Individual
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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