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Property profile & analytics
FOR SALE
Retail space
149 S Lake Ave Pahokee, FL 33476
Individually Owned
14-yr Hold
Free & Clear
Property ID
US19-0862771
For Sale
1 / 23
$349,900
149 S Lake Ave, Pahokee, FL 33476
View Listing →
Property summary
AI-generated overview
This exceptional commercial property at 149 S Lake Avenue, Pahokee, Florida presents a unique opportunity for a savvy entrepreneur. The main building, totaling 2,012 square feet, is a fully equipped restaurant ready for immediate operation. A comprehensive inventory of restaurant equipment is included in the sale, eliminating the need for significant upfront investment. The property's zoning, Core-Commercial/Office/Entertainment, allows for diverse business applications beyond restaurant use. Importantly, the sale does not include any existing franchise agreements
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
WOOD
Total area
2,012 SF
Lot
0.1 ac (4,265 SF)
Zoning code
CORE
APN
48-37-42-18-11-000-0071
UPID
US19-0862771
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
-
Poppa Jimmy's Catfish & More Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$525k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Georgia G Jones · 14 yrs held
Georgia G Jones
since 2012
4 recorded transactions
Zoning & alternative use
CORE · Pahokee, 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 Pahokee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pahokee 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%
$565,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Current use
OFFICE BUILDING
$800,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$795,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$690,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$253 / 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
$3,204
Tax year 2023
Assessed value
$119,404
Assessed 2023
Previous assessed
$110,648
+7.9% YoY
Effective rate
2.68%
On assessed value
Assessed land
$8,528
Assessed improvement
$110,876
Land market value
$8,528
Improvement market value
$110,876
Total market value
$119,404
Applied tax rate
48,486.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1958
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
2,012 SF
Lot
0.1 ac (4,265 SF)
Zoning code
CORE
APN
48-37-42-18-11-000-0071
UPID
US19-0862771
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CORE · Pahokee, FL
Zoning CORE · permitted uses
CORE · Pahokee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pahokee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$800,000
OFFICE BUILDING
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
MEDICAL BUILDING
Est. value
$795,000
WAREHOUSE, STORAGE
Est. value
$690,000
RETAIL STORES Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Georgia G Jones
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 251, CANAL POINT, FL 33438-0251
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2012
—
Georgia G Jones
Jones,georgia G
Quit Claim Deed
related
—
Jun 1, 2005
$111,000
James J Jones
Griffis C B Trust
Warranty Deed
$111,000 · Griffis C B Trust (tr)
Aug 1, 2001
—
James J Jones
Perez,pedro & Isabel
Quit Claim Deed
related
—
Feb 18, 1999
$105,000
Pedro C Perez
Jones,james J & Georgia
Grant Deed
$95,000 · Seller
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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