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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Showrooms
1530 53rd St Mangonia Park, FL 33407-2211
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-7350991
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1969
Construction
CONCRETE
Total area
4,405 SF
Lot
0.37 ac (16,100 SF)
Zoning code
I
APN
44-43-43-05-00-009-0040
UPID
US18-7350991
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
$1.04M
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$995k
Owner & transaction history
1473 North Lake Way LLC · 5 yrs held
1473 North Lake Way LLC
since 2020
Last sale
$710,500
4 recorded transactions
Zoning & alternative use
I · Mangonia Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 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 Mangonia Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mangonia 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
$1,015,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $711k (Oct 1 2020)
Last sale anchor
$711k
Oct 1 2020
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
$226 / 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
$22,685
Tax year 2023
Assessed value
$976,751
Assessed 2023
Previous assessed
$861,638
+13.4% YoY
Effective rate
2.32%
On assessed value
Assessed land
$164,381
Assessed improvement
$812,370
Land market value
$164,381
Improvement market value
$812,370
Total market value
$976,751
Applied tax rate
44,407.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Total area
4,405 SF
Lot
0.37 ac (16,100 SF)
Zoning code
I
APN
44-43-43-05-00-009-0040
UPID
US18-7350991
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · Mangonia Park, FLZoning I · permitted uses
I · Mangonia 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 district is to provide industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
237.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
1473 North Lake Way LLC
Entity
Free & Clear · 5 yrs held
Mailing address
222 LAKEVIEW AVE STE #1500, WEST PALM BEACH, FL 33401-6174
Ownership since
2020
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
Oct 1, 2020
$710,500
1473 North Lake Way LLC
1530 West 53 Street LLC
Warranty Deed
—
Oct 1, 2020
$1,319,500
Lightning Wheels LLC
1530 West 53 Street LLC
Warranty Deed
—
Jan 16, 2018
$1,400,000
1530 West 53 Street LLC
Vckvc Ptshp LLP
Warranty Deed
$1,000,000 · Professional Bk
Sep 3, 2003
$297,929
Jon Plotkin
Plotkin,theodore & Edna
Grant Deed
related
—
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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