Back to Search
Property profile & analytics
FOR SALE
Showrooms
1815 10Th Ave N C Lake Worth, FL 33461
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-3232544
For Sale
1 / 26
$2,570,000
1815 10Th Ave N C, Lake Worth, FL 33461
View Listing →
Property summary
AI-generated overview
This single-story, 20,000-square-foot warehouse in Lake Worth Beach, Florida, offers flexible lease options ranging from 5,000 to 15,000 contiguous square feet. Located at 1815 10th Ave N, 33461 (near 10th Ave & I95), this property boasts 14-foot ceilings, three loading docks, one drive-in door, and ample parking (23 spaces, with potential for expansion). Built in 1955 and renovated in 1990, the building features HVAC, restrooms, and support columns spaced every 35 feet. The property is zoned I-POC (Industrial Park of Commerce) and is part of the Greater West Palm submarket cluster, encompassing Lake Worth, Delray Beach, West Palm Beach, and Boynton Beach. Security features include cameras and gates. The building is currently divided into three suites, with 15,000 square feet of vacant space available. While the owner prefers a single tenant for the entire 15,000 square feet, they are open to flexible lease terms. This is a triple net (NNN) lease opportunity.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1955
Construction
CONCRETE
Total area
19,200 SF
Lot
1.42 ac (61,846 SF)
Zoning code
I-POC
APN
38-43-44-21-04-003-0070
UPID
US18-3232544
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
-
UPS Access Point location Courier Service Postal Service
-
Jabs Granite & Marble Building Supply Hardware & Home Improvement
-
Tonys Tires New Location (Bike/Boat/Book/etc) Store Auto Parts Store
-
Tony Tires NEW Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$2.57M
Owner & transaction history
Propners LLC · 11 yrs held
Propners LLC
since 2015
4 recorded transactions
Zoning & alternative use
I-POC · Lake Worth Beach, 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.57M
Range $2.31M – $2.83M · ±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
$134 / 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
$45,170
Tax year 2023
Assessed value
$1,908,418
Assessed 2023
Previous assessed
$1,690,016
+12.9% YoY
Effective rate
2.37%
On assessed value
Assessed land
$864,635
Assessed improvement
$1,043,783
Land market value
$864,635
Improvement market value
$1,043,783
Total market value
$1,908,418
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
19,200 SF
Lot
1.42 ac (61,846 SF)
Zoning code
I-POC
APN
38-43-44-21-04-003-0070
UPID
US18-3232544
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-POC · Lake Worth Beach, FL
Zoning I-POC · permitted uses
I-POC · Lake Worth Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Worth Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Propners LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1815 10TH AVE N STE A, LAKE WORTH BEACH, FL 33461-3365
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2018
—
Propners LLC
—
Deed
related
$750,000 · E & P Hendricks LP
Feb 3, 2015
—
Propners LLC
Hendricks Patricia D
Quit Claim Deed
related
—
Jan 2, 2015
$1,000,000
Propners LLC
E & P Hendricks LP
Warranty Deed
$750,000 · E & P Hendricks LP
—
—
Propners LLC
—
Loan Modification
related
$750,000 · E & P Hendricks LP
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
