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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Assisted living facilities
1710 Lk Worth Rd Lake Worth, FL 33460-3627
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US19-0881220
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1968
Construction
CONCRETE
Total area
26,927 SF
Lot
2.18 ac (95,152 SF)
Zoning code
MF-20
APN
38-43-44-21-02-035-0020
UPID
US19-0881220
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
-
Medicana Nursing and Rehab Center Nursing Home
-
JULIAN SCOTT DAVIS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$795k
Owner & transaction history
Formation Properties III LLC · 22 yrs held
Formation Properties III LLC
since 2003
3 recorded transactions
Zoning & alternative use
MF-20 · 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$30 / 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
$66,672
Tax year 2023
Assessed value
$2,719,939
Assessed 2023
Previous assessed
$2,612,042
+4.1% YoY
Effective rate
2.45%
On assessed value
Assessed land
$1,801,800
Assessed improvement
$918,139
Land market value
$1,801,800
Improvement market value
$918,139
Total market value
$2,719,939
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
1
Total area
26,927 SF
Lot
2.18 ac (95,152 SF)
Zoning code
MF-20
APN
38-43-44-21-02-035-0020
UPID
US19-0881220
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MF-20 · Lake Worth, FL
Zoning MF-20 · permitted uses
MF-20 · 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.
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
Formation Properties III LLC
Entity
Mailing address
10800 BISCAYNE BLVD STE #600, MIAMI, FL 33161-7499
Ownership since
2003
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
Sep 7, 2018
—
Fl Property Holdings LLC
—
Deed
related
$4,358,950 · Centennial Bk
Nov 10, 2003
$7,800,000
Formation Properties III LLC
Mariner Health Care Of Lake Wo
Grant Deed
$62,000,000 · Citigroup Global Mk Rlty Ttee
—
—
Fl Property Holdings LLC
—
Loan Modification
related
$4,358,950 · Centennial Bk
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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