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Property profile & analytics
FOR SALE
Medical Office Space
1708 N Federal Hwy 1ST Lake Worth, FL 33460
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1032832
For Sale
1 / 9
$735,000
1708 N Federal Hwy,Unit 1ST, Lake Worth, FL 33460
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
WOOD
Total area
2,698 SF
Lot
0.16 ac (7,126 SF)
Zoning code
MU-FH
APN
38-43-44-15-16-008-0020
UPID
US18-1032832
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
Current use
Occupant on record · Public records
-
Clinica Dental Niño Physician
-
Dr. Justin Cooper Dental Office
-
Dr. Andrew Cooper Dental Office
-
Dr. Gonzalo Cortes Dental Office
-
Boisseau Felicione & Associates Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$726k
Blend (final)
Blend
$735k
Owner & transaction history
Mabnf LLC · 4 yrs held
Mabnf LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
MU-FH · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+4.5%
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
$720,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$510,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,065,000
Current use
AUTO REPAIR, GARAGE
$1,110,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $750k (Jan 19 2022)
Last sale anchor
$750k
Jan 19 2022
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
$272 / 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
$12,099
Tax year 2023
Assessed value
$504,488
Assessed 2023
Previous assessed
$345,561
+46.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$141,460
Assessed improvement
$363,028
Land market value
$141,460
Improvement market value
$363,028
Total market value
$504,488
Applied tax rate
38,453.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1974
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
2,698 SF
Lot
0.16 ac (7,126 SF)
Zoning code
MU-FH
APN
38-43-44-15-16-008-0020
UPID
US18-1032832
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-FH · Lake Worth, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
OFFICE BUILDING
Est. value
$870,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1974
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Mabnf LLC
Entity
Mailing address
9386 COBBLESTONE BROOKE CT, BOYNTON BEACH, FL 33472-4429
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
$750,000
Mabnf LLC
Gc Realty Company LLC
Warranty Deed
$550,000 · First Citizens Bank & Trust Co
Oct 11, 2016
—
Gc Realty Co LLC
—
Deed
related
$25,000 · Aje105 LLC
Feb 9, 2015
—
Albert J|feuer David D Endruschat
Endruschat & Feuer
Quit Claim Deed
related
—
Feb 9, 2015
$325,000
Gc Realty Co LLC
Endruschat,albert J
Warranty Deed
$146,250 · Albert J & Mary E Endruschat
Jan 29, 2001
$25,000
Endruschat Feuer
Endruschat Marcadis & Richmon
Grant Deed
related
$29,720 · Seller
—
—
Endruschat
—
Deed Of Trust
related
$121,846 · Bank Of America
—
—
Gc Realty Co LLC
—
Deed Of Trust
related
$25,000 · Aje105 LLC
—
—
Endruschat
—
Deed Of Trust
related
$81,500 · Eugene Dance
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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