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    Property profile & analytics

    1541 Prosperity Farms Rd Lake Park, FL 33403-2025

    • Medical offices
    • 2,584 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US18-4865818
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 1541 Prosperity Farms Rd

    Year built
    1991
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    2,584 SF
    Zone code
    C1B
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    36-43-42-20-03-129-0150
    APU
    36434220031290150

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $400,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $390,000
      Mixed-Use
      $400,000
      Hospitality
      $350,000
      Educational
      $335,000
      Residential Income
      $385,000
      Energy
      $315,000
      Income-Based Land
      $390,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Park
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0738
    Latitude
    26.8066
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,160
    $92,565
    $407,584
    $500,149
    -
    $92,565
    $407,584
    $500,149

    Comparable in this City

    • Value Estimation by Request
      9,286 SF

      509 Us Hwy 1st 1

      MEDICAL BUILDING • 9,286 SF
      509 Us Hwy 1st 1, Lake Park, FL 33403-3557
      View Details
    • Value Estimation
      $870,000
      42,685 SF

      3451 Northlake Blvd

      MEDICAL BUILDING • 42,685 SF
      3451 Northlake Blvd, Palm Beach Gardens, FL 33403-1700
      View Details
    • Value Estimation
      $320,000
      2,560 SF

      1535 Prosperity Farms Rd

      MEDICAL BUILDING • 2,560 SF
      1535 Prosperity Farms Rd, Lake Park, FL 33403-2025
      View Details
    • Value Estimation
      $595,000
      3,977 SF

      1509 Prosperity Farms Rd

      MEDICAL BUILDING • 3,977 SF
      1509 Prosperity Farms Rd, Lake Park, FL 33403-2025
      View Details
    • Value Estimation
      $170,000
      2,070 SF

      701 Park Ave

      MEDICAL BUILDING • 2,070 SF
      701 Park Ave, Lake Park, FL 33403-2503
      View Details
    • Value Estimation by Request
      7,746 SF

      500 Us Hwy 1st 1

      MEDICAL BUILDING • 7,746 SF
      500 Us Hwy 1st 1, Lake Park, FL 33403-3598
      View Details

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    Similar Nearby for Lease

    • $23 SF/Yr
      10,000 SF

      Lake Park Office Space for Lease

      Downtown Lake Park, FL: Prime Office Suites
      801 Park Ave, Lake Park, FL 33403
      View Details
    • $18 SF/Yr

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      View Details
    • $650 /Mo
      110 SF

      Professional Office Suite in Lake Park

      Bright office suite in a prime location with shared amenities.
      1001 W Jasmine M Dr, Lake Park, FL 33403
      View Details
    • $2,100 /Mo
      7,000 SF

      Corner Unit with Private Offices

      Corner unit featuring private offices, reception area, and bathroom.
      900 Federal Hwy Hwy, Lake Park, FL 33403
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    • $29 SF/Yr
      1,288 SF

      Retail/Office Space in Lake Park

      Clean, owner-managed retail center with high visibility and ample parking.
      801 Federal Hwy, Lake Park, FL 33403
      View Details
    • $29 SF/Yr

      Retail/Office Space in Lake Park

      Retail/office space with recent improvements and high-traffic location.
      801 Federal Hwy, Lake Park, FL 33403
      View Details
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    Lake Park, FL 33403-2025
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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