Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
1525 Prosperity Farms Rd Lake Park, FL 33403-2029
Individually Owned
25-yr Hold
Free & Clear
Property ID
US18-3036264
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1970
Construction
WOOD
Total area
2,100 SF
Lot
0.25 ac (10,803 SF)
Zoning code
C1B
APN
36-43-42-20-03-129-0120
UPID
US18-3036264
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
by Request
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$605k
Owner & transaction history
Yajalajua · 25 yrs held
Yajalajua
since 2000
3 recorded transactions
Zoning & alternative use
C1B · Lake Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide animal grooming establishments, bakeries, the products of which are sold but are not produced on site, offices business and professional, retail shops
Zone name
Neighborhood Commercial District
General category
COMMERCIAL
Zone area
3.58 ac
Source
Realmo
Top alternative use upside
Retail stores
$870,000
+17.3%
Commercial (general)
$815,000
+9.8%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$745,000
Current use
RETAIL STORES
$870,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$815,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$288 / 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
$8,218
Tax year 2023
Assessed value
$357,708
Assessed 2023
Previous assessed
$338,199
+5.8% YoY
Effective rate
2.30%
On assessed value
Assessed land
$92,565
Assessed improvement
$265,143
Land market value
$92,565
Improvement market value
$265,143
Total market value
$357,708
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,100 SF
Lot
0.25 ac (10,803 SF)
Zoning code
C1B
APN
36-43-42-20-03-129-0120
UPID
US18-3036264
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C1B · Lake Park, FLZoning C1B · permitted uses
C1B · 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 this zoning district is to provide animal grooming establishments, bakeries, the products of which are sold but are not produced on site, offices business and professional, retail shops
Zone name
Neighborhood Commercial District
General category
COMMERCIAL
Zone area
3.58 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$745,000
RETAIL STORES
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$620,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1970
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Yajalajua
Individual
Free & Clear · 25 yrs held
Mailing address
1525 PROSPERITY FARMS RD STE A, LAKE PARK, FL 33403-2029
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
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
Sep 1, 2000
$138,000
Yajalajua
Roberts,phillip A
Trustees Deed
—
—
—
Philip Roberts
—
Deed Of Trust
related
$44,642 · Barnett Bank
—
—
Juan J Williams
—
Deed Of Trust
related
$115,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1525 Prosperity Farms Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
