Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16 H St, Unit 1 Lake Worth, FL 33460-3711

    • Residential income homes
    • 1,800 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Jun 24, 2021
    $1,650,000
    Value Estimations
    $1,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1689244
    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

    • Yasmin Real Estate / Real Estate Agency

    Property Details for 16 H St

    Year built
    1953
    Construction
    CONCRETE
    Lot size
    0.62 lot acres
    Property size
    1,800 SF
    Zone code
    DT
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    38-43-44-21-15-015-0030
    APU
    38434421150150030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,950,000
      ML approach
      $2,040,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,950,000
      Market price range: $690k - $1.95M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0581
    Latitude
    26.6152
    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
    $30,184
    $368,400
    $900,377
    $1,268,777
    -
    $368,400
    $900,377
    $1,268,777

    Comparable in this City

    • Value Estimation
      $520,000
      2,024 SF

      1219 19th N Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,024 SF
      1219 19th N Ave, Lake Worth, FL 33460-6550
      View Details
    • Value Estimation by Request
      2,316 SF

      1753 2nd N Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,316 SF
      1753 2nd N Ave, Lake Worth, FL 33460-3295
      View Details
    • Value Estimation
      $2,175,000
      2,483 SF

      711 Federal Hwy

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,483 SF
      711 Federal Hwy, Lake Worth, FL 33460-4954
      View Details
    • Value Estimation by Request
      1,608 SF

      1616 Federal Hwy, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,608 SF
      1616 Federal Hwy, Lake Worth, FL 33460-6645
      View Details
    • Value Estimation
      $620,000
      1,249 SF

      221 H St, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,249 SF
      221 H St, Lake Worth, FL 33460-3306
      View Details
    • Value Estimation
      $660,000
      3,248 SF

      9 C St, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,248 SF
      9 C St, Lake Worth, FL 33460-3662
      View Details

    Similar Nearby for Sale

    • $499,000
      1,383 SF

      Lake Worth Beach Key Lime House with Cottage

      Multifamily properties • 1,383 SF
      713 10 Ave, Lake Worth Beach, FL 33460
      View Details
    • $1,250,000
      4,528 SF

      Lake Worth Beach Quad Plex

      Four-unit multifamily property in Lake Worth Beach, Florida.
      715 Washington Ave, Lake Worth, FL 33460
      View Details
    • $3,500,000
      9,750 SF

      Lake Worth Mixed-Use Investment

      Multi-tenant property in historic downtown Lake Worth Beach.
      800 Lake Ave, Lake Worth, FL 33460
      View Details
    • $1,699,000

      Multi-Family Property Near Bamboo Room

      Updated multi-family property with eight units near downtown Lake Worth.
      713 2Nd Ave S, Lake Worth, FL 33460
      View Details
    • $2,400,000

      Lake Worth Beach Investment Opportunity

      Ten units with penthouse potential near Lake Worth Beach.
      201 S Lakeside Dr, Lake Worth, FL 33460
      View Details
    • $1,850,000
      3,408 SF

      Lake Worth Beach Income Property

      Five-plex with water views and expansion potential in Lake Worth.
      130 S Lakeside 1 Dr, Lake Worth, FL 33460
      View Details

    Similar Nearby for Lease

    • $1,200,000
      620 SF

      Lake Worth Beach Multifamily Property

      Multifamily property in Lake Worth Beach with strong rental demand.
      602 N H St, Lake Worth, FL 33460
      View Details
    • $1,450 /Mo

      Remodeled Studio Near Beach

      Recently remodeled studio apartment near shopping, dining, and beaches.
      1625 S Federal Hwy, Lake Worth, FL 33460
      View Details
    • $792,000
      2,639 SF

      Retail, Warehouse Space with Apartment

      Retail/warehouse space with an upstairs 3BR apartment near downtown.
      928 S Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $1,445 /Mo

      Lake Worth Apartment with Porch

      Apartment in Lake Worth's Arts District with porch.
      1520 Lake Ave, Lake Worth, FL 33460
      View Details
    • $2,998 /Mo

      Charming Historic Cottage Near Downtown

      Updated 2-bedroom cottage in vibrant downtown Lake Worth Beach.
      416 S L St, Lake Worth, FL 33460
      View Details
    • $1,950 /Mo

      Lake Worth 2-Bedroom Home

      Charming 2-bedroom, 1-bath home in Lake Worth.
      1805 Douglas St, Lake Worth, FL 33460
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 H St, Unit 1
    Lake Worth, FL 33460-3711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.