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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Office buildings
1530 Federal Hwy Lake Worth, FL 33460-1965
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0949733
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1989
Construction
CONCRETE
Total area
4,480 SF
Lot
0.33 ac (14,248 SF)
Zoning code
MU-FH
APN
38-43-44-15-16-010-0060
UPID
US18-0949733
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
-
Tallon And Associates Inc - Aflac Insurance Agent Insurance Agency
-
Truth Recovery Center Medical Clinic
-
Magnified Health Systems Physician
-
Bryva LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
David Lauck- Aflac Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.33M
Owner & transaction history
1530 N Federal Hwy LLC · 3 yrs held
1530 N Federal Hwy LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
MU-FH · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+27.6%
Medical building
$1.8M
+22.2%
Neighborhood: shopping center
$1.6M
+12.8%
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 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
$1,295,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,445,000
Current use
AUTO REPAIR, GARAGE
$1,845,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,765,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,630,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$1,285,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,245,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,175,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.35M (Nov 14 2022)
Last sale anchor
$1.35M
Nov 14 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
$296 / 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
$24,150
Tax year 2023
Assessed value
$1,017,632
Assessed 2023
Previous assessed
$662,717
+53.6% YoY
Effective rate
2.37%
On assessed value
Assessed land
$282,920
Assessed improvement
$734,712
Land market value
$282,920
Improvement market value
$734,712
Total market value
$1,017,632
Applied tax rate
38,453.0000
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
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
0
Total area
4,480 SF
Lot
0.33 ac (14,248 SF)
Zoning code
MU-FH
APN
38-43-44-15-16-010-0060
UPID
US18-0949733
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
OFFICE BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
0
Lot
0.33 ac
Current owner
From public records · entity-resolved
1530 N Federal Hwy LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 2167, PALM BEACH, FL 33480-2167
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
$1,350,000
1530 N Federal Hwy LLC
Bilal Kanan Saib
Warranty Deed
—
May 24, 2019
$100
Bilal K Saib
Gurbuz,gulsay
Quit Claim Deed
related
—
Oct 19, 2016
$800,000
Gurbuz,gulsay S Trust
College Park Office Suites LLC
Warranty Deed
—
Feb 20, 2015
$365,100
College Park Office Suites LLC
Wiinux Com LLC Coc
Trustees Deed
—
Jan 9, 2015
$365,100
Kirk Kanjian
Wiinux Com LLC Coc
Trustees Deed
related
—
Sep 20, 2013
$550,000
Wiinux Com LLC
1530 Federal LLC
Warranty Deed
$500,000 · 1530 Federal LLC
Oct 30, 2002
$402,100
1530 Federal LLC
Continental Properties INC
Grant Deed
$804,159 · Bank Of America
Aug 15, 2001
$525,000
Continental Properties INC
Renick,kenneth H & Susan B
Grant Deed
$840,000 · Bank Of America
—
—
Kenneth H Renick
—
Deed Of Trust
related
$360,000 · International Bank Of Miami
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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