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Property profile & analytics
FOR SALE
Showrooms
1800 Hypoluxo Rd Lake Worth, FL 33462
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4473751
For Sale
1 / 4
$12,780,000
1800 Hypoluxo Rd, Lake Worth, FL 33462
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
CONCRETE
Total area
17,440 SF
Lot
4.04 ac (176,030 SF)
Zoning code
IL
APN
00-43-45-09-00-000-3080
UPID
US18-4473751
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
$12.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.55M
Blend (final)
Blend
$12.78M
Owner & transaction history
Heg Storage LLC · 2 yrs held
Heg Storage LLC
since 2024
Last sale
$12.8M
3 recorded transactions
Zoning & alternative use
IL · 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
$12,780,000
ML approach
$12,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,480,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,955,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$12.78M
Range $11.50M – $14.06M · ±10% · vs last sale $12.78M (Jan 8 2024)
Last sale anchor
$12.78M
Jan 8 2024
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
$733 / 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
$134,735
Tax year 2023
Assessed value
$8,365,319
Assessed 2023
Previous assessed
$7,392,558
+13.2% YoY
Effective rate
1.61%
On assessed value
Assessed land
$3,388,616
Assessed improvement
$4,976,703
Land market value
$3,388,616
Improvement market value
$4,976,703
Total market value
$8,365,319
Applied tax rate
203.0000
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
For Sale
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Rooms
30
Bathrooms
13
Total area
17,440 SF
Lot
4.04 ac (176,030 SF)
Zoning code
IL
APN
00-43-45-09-00-000-3080
UPID
US18-4473751
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · Lake Worth, FL
Zoning IL · permitted uses
IL · 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
$13.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Rooms
30
Bathrooms
13
Lot
4.04 ac
Current owner
From public records · entity-resolved
Heg Storage LLC
Entity
Mailing address
3551 N 55TH AVE, HOLLYWOOD, FL 33021-2341
Ownership since
2024
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
Jan 8, 2024
$12,780,000
Heg Storage LLC
Florida Space LLC
Warranty Deed
$9,700,000 · Beb Credit Opportunity Fund LP
Oct 9, 2018
—
Florida Space LLC
Florida Space Center
Intrafamily Transfer
related
$2,000,000 · Wells Fargo Bank NA
—
—
Florida Space Center
—
Deed Of Trust
related
$2,300,000 · Wachovia Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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