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Property profile & analytics
OFF-MARKET
Estimated value
$4,295,000
Medical Office Space
1499 Frst Hl Blvd Ste 101, Lake Clarke Shores, FL 33406-6050
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4538504
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
CONCRETE
Total area
10,804 SF
Lot
0.3 ac (13,186 SF)
Zoning code
MF
APN
34-43-44-08-06-005-0114
UPID
US18-4538504
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
$4.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.38M
Blend (final)
Blend
$4.30M
Owner & transaction history
Centre Place Professional Park LLC · 3 yrs held
Centre Place Professional Park LLC
since 2022
Last sale
$4.4M
3 recorded transactions
Zoning & alternative use
MF · Lake Clarke Shores, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.4M
+10.1%
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 Clarke Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Clarke Shores 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
$4,220,000
ML approach
$4,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,845,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,435,000
Change: +10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,560,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±10% · vs last sale $4.40M (Jun 30 2022)
Last sale anchor
$4.40M
Jun 30 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
$398 / 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
$41,120
Tax year 2023
Assessed value
$1,720,622
Assessed 2023
Previous assessed
$1,665,030
+3.3% YoY
Effective rate
2.39%
On assessed value
Assessed land
$507,920
Assessed improvement
$1,212,702
Land market value
$507,920
Improvement market value
$1,212,702
Total market value
$1,720,622
Applied tax rate
34,523.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
10,804 SF
Lot
0.3 ac (13,186 SF)
Zoning code
MF
APN
34-43-44-08-06-005-0114
UPID
US18-4538504
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF · Lake Clarke Shores, FL
Zoning MF · permitted uses
MF · Lake Clarke Shores, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Clarke Shores. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Centre Place Professional Park LLC
Entity
Mailing address
7495 ATLANTIC AVE STE #200, DELRAY BEACH, FL 33446-1393
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$4,400,000
Centre Place Professional Park LLC
Csig LLC
Warranty Deed
$2,225,000 · Citizens Bank NA
Feb 20, 2019
$1,650,000
1461 Palm Beach Farms LLC
Fbcmg Holdings LLC
Grant Deed
$2,000,000 · Csig LLC
—
—
Fbcmg Holdings LLC
—
Deed Of Trust
related
$900,000 · Unibank
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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