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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Commercial land
1706 18th S Ave Lake Worth, FL 33460
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8174339
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1954
Total area
1,835 SF
Lot
0.16 ac (6,882 SF)
Zoning code
MU-DIXIE
APN
38-43-44-34-05-000-0551
UPID
US18-8174339
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
$685k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Leticia Castillo Garcia · 1 yrs held
Leticia Castillo Garcia
since 2025
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$755,000
+56.9%
Medical building
$725,000
+50.2%
Neighborhood: shopping center
$670,000
+38.6%
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
$670,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$480,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +23% · Conversion: Easy
RETAIL STORES
$525,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$510,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $800k (Feb 13 2025)
Last sale anchor
$800k
Feb 13 2025
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
$376 / 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
$2,964
Tax year 2023
Assessed value
$133,081
Assessed 2023
Previous assessed
$70,423
+89.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$133,081
Land market value
$133,081
Total market value
$133,081
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1954
Heating
NONE
Stories
1
Bathrooms
3
Total area
1,835 SF
Lot
0.16 ac (6,882 SF)
Zoning code
MU-DIXIE
APN
38-43-44-34-05-000-0551
UPID
US18-8174339
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Zoning MU-DIXIE · permitted uses
MU-DIXIE · 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
$480,000
AUTO REPAIR, GARAGE
Est. value
$755,000
MEDICAL BUILDING
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
OFFICE BUILDING
Est. value
$590,000
RETAIL STORES
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$510,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1954
Heating
NONE
Stories
1
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Leticia Castillo Garcia
Individual
Free & Clear · 1 yrs held
Mailing address
1316 N DIXIE HWY, HOLLYWOOD, FL 33020-3049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
$800,000
Leticia Castillo Garcia
1800 Dixie LLC
Warranty Deed
—
Feb 7, 2022
—
David Hoffman
Elias Rizk
Quit Claim Deed
related
—
Sep 16, 1997
$18,000
Thomas J Fraher
Karachi Holdings INC
Grant Deed
—
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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