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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Showrooms
1656 Congress Ave Lake Worth, FL 33461
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-4367669
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1961
Construction
CONCRETE
Total area
6,828 SF
Lot
1.46 ac (63,463 SF)
Zoning code
CG
APN
70-43-44-08-15-003-0010
UPID
US18-4367669
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
$1.81M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.82M
Owner & transaction history
Tnt Hamilton Ent Of Palm Beaches Ll · 4 yrs held
Tnt Hamilton Ent Of Palm Beaches Ll
since 2021
6 recorded transactions
Zoning & alternative use
CG · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.0M
+21.8%
Auto repair, garage
$2.8M
+13.7%
Medical building
$2.7M
+8.9%
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%
$1,965,000
6.5%
$1,810,000
7%
$1,685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,470,000
Current use
OFFICE BUILDING
$3,010,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,810,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$2,690,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,485,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$2,115,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±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
$266 / 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
$23,486
Tax year 2023
Assessed value
$2,116,264
Assessed 2023
Previous assessed
$1,933,898
+9.4% YoY
Effective rate
1.11%
On assessed value
Assessed land
$893,545
Assessed improvement
$1,222,719
Land market value
$893,545
Improvement market value
$1,222,719
Total market value
$2,116,264
Applied tax rate
70,452.0000
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
1961
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
1
Total area
6,828 SF
Lot
1.46 ac (63,463 SF)
Zoning code
CG
APN
70-43-44-08-15-003-0010
UPID
US18-4367669
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Lake Worth, FL
Zoning CG · permitted uses
CG · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Tnt Hamilton Ent Of Palm Beaches Ll
Individual
Free & Clear · 4 yrs held
Mailing address
1656 S CONGRESS AVE, WEST PALM BEACH, FL 33406-5904
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
—
Tnt Hamilton Ent Of Palm Beaches Ll
True Tabernacie Of Jesus Christ INC
Correction Deed
related
—
Aug 25, 2021
—
Tnt Hamilton Ent Of Palm Beaches Ll
—
Deed
related
$2,150,000 · Live Oak Banking Company
Mar 12, 2021
—
Tnt Hamilton Enterprises Of Palm Be
True Tabernacle Jesus Christ INC
Warranty Deed
—
May 16, 2019
—
True Tabernacle Of Jesus Chris
1670 S Congress Ave Hldgs LLC
Grant Deed
—
Jun 3, 2016
$950,000
True Tabernacle Of Jesus Christ I Congress Ave
Congress Ave Holdings LLC
Dual Purpose Document
$685,000 · 1670 S Congress Ave Holdings L
Dec 3, 2012
$850,000
S Congress Ave Holdings L 1670
1670 South Congress INC
Warranty Deed
$807,500 · 1670 South Congress INC
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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