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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Hotels
1618 Federal Hwy 10, Lake Worth, FL 33460-5842
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1222130
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1952
Construction
WOOD
Total area
3,264 SF
Lot
0.39 ac (16,980 SF)
Zoning code
MU-FH
APN
38-43-44-27-01-090-0010
UPID
US18-1222130
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
$942k
Blend (final)
Blend
$860k
Owner & transaction history
Oasis Beach Apartments LLC · 3 yrs held
Oasis Beach Apartments LLC
since 2022
7 recorded transactions
Zoning & alternative use
MU-FH · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
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
HOTEL/MOTEL
$1,365,000
Current use
AUTO REPAIR, GARAGE
$1,345,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$1,285,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,185,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$263 / 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
$17,385
Tax year 2023
Assessed value
$713,884
Assessed 2023
Previous assessed
$713,884
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$400,000
Assessed improvement
$313,884
Land market value
$400,000
Improvement market value
$313,884
Total market value
$713,884
Applied tax rate
38,457.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
16
Rooms
16
Total area
3,264 SF
Lot
0.39 ac (16,980 SF)
Zoning code
MU-FH
APN
38-43-44-27-01-090-0010
UPID
US18-1222130
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
HOTEL/MOTEL Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1952
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
16
Rooms
16
Lot
0.39 ac
Current owner
From public records · entity-resolved
Oasis Beach Apartments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7495 ATLANTIC AVE #200112, DELRAY BEACH, FL 33446-1393
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
$1,750,000
Oasis Beach Apartments LLC
Lake Worth Oasis LLC
Warranty Deed
—
Mar 21, 2018
$1,500,000
Lake Worth Oasis LLC
Solid Goal LLC
Warranty Deed
—
May 31, 2016
$1,000,000
Solid Goal LLC
Hh Lake Worth LLC
Warranty Deed
$1,060,000 · Sw Partners LLC
Jun 6, 2014
$750,000
Hh Lake Worth LLC
Manatee Bay Holdings LLC
Grant Deed
$1,500,000 · Sw Partners LLC
Aug 25, 2011
—
Manatee Bay Holdings LLC
Manatee Bay LLC
Quit Claim Deed
related
—
Jun 18, 2011
—
Manatee Bay LLC
Ib Property Holdings LLC
Grant Deed
related
—
May 17, 2011
$280,000
Manatee Bank LLC
Ib Property Holdings LLC
Grant Deed
—
Dec 22, 2008
$250,100
Ib Property Holdings LLC
Bimini Inn LLC Coc
Trustees Deed
related
—
—
—
Hh Lake Worth LLC
—
Loan Modification
related
$1,513,300 · Sw Partners LLC
—
—
Manatee Bay Holdings LLC
—
Deed Of Trust
related
$280,000 · Fern Ltd Fiscal Services Ltd
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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