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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Office buildings
1718 Federal Hwy Lake Worth, FL 33460-6643
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1032830
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1964
Construction
CONCRETE
Total area
3,632 SF
Lot
0.38 ac (16,627 SF)
Zoning code
MU-FH
APN
38-43-44-15-16-008-0031
UPID
US18-1032830
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
-
Cooper Orthodontics Dental Office
-
Shochet Law Group Law Firm
-
Chapter 7 LLC Medical Clinic
-
IOP Lake Worth Medical Clinic
-
Lake Worth Windshield Replacemen Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.01M
Owner & transaction history
Cooper Re LLC · 5 yrs held
Cooper Re LLC
since 2020
Last sale
$739,000
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
$1.5M
+27.6%
Medical building
$1.4M
+22.2%
Neighborhood: shopping center
$1.3M
+12.8%
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
$1,050,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,170,000
Current use
AUTO REPAIR, GARAGE
$1,495,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,430,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,320,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$1,045,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,010,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$955,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $739k (Jul 20 2020)
Last sale anchor
$739k
Jul 20 2020
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
$277 / 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
$14,470
Tax year 2023
Assessed value
$705,412
Assessed 2023
Previous assessed
$526,752
+33.9% YoY
Effective rate
2.05%
On assessed value
Assessed land
$330,073
Assessed improvement
$375,339
Land market value
$330,073
Improvement market value
$375,339
Total market value
$705,412
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,632 SF
Lot
0.38 ac (16,627 SF)
Zoning code
MU-FH
APN
38-43-44-15-16-008-0031
UPID
US18-1032830
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
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$955,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1964
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Cooper Re LLC
Entity
Mailing address
685 ROYAL PALM BCH BLVD STE #202, ROYAL PALM BEACH, FL 33411-7642
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
Cooper Re LLC
—
Deed
related
$591,200 · Bank Of America NA
Jul 20, 2020
$739,000
Cooper Re LLC
1718 N Federal Highway LLC
Warranty Deed
—
Apr 20, 2018
$593,600
1718 N Federal Highway LLC
Lunger Properties LLC
Warranty Deed
$445,200 · Paradise Bank
Oct 29, 2015
$328,470
Lunger Properties LLC
Sarta,richard
Warranty Deed
—
Feb 27, 2001
$228,000
Richard Sarta
Endruschat
Grant Deed
$184,353 · Bank Of America
—
—
Richard Sarta
—
Deed Of Trust
related
$30,000 · Flagship Financial Corp
—
—
Richard Sarta
—
Deed Of Trust
related
$139,126 · Bank Of America
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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