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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Community centers
1904 Lk Worth Rd Lake Worth Beach, FL 33461-4228
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-2817824
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1968
Construction
CONCRETE
Total area
16,510 SF
Lot
8.31 ac (361,888 SF)
Zoning code
MU-W
APN
38-43-44-21-02-031-0020
UPID
US18-2817824
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
-
All Me Laundry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.39M
Owner & transaction history
Paisa Associates 2 LLC · 8 yrs held
Paisa Associates 2 LLC
since 2018
3 recorded transactions
Zoning & alternative use
MU-W · Lake Worth Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MU-W mixed use district is intended to provide for the establishment and expansion of a broad range of office and commercial uses, including moderate intensity and higher intensity commercial, hotel or motel and medium-density multiple-family residential development along the city western thoroughfares. The establishment of certain uses is subject to con…
Zone name
Mixed Use West
General category
MIXED_USE
Zone area
120.08 ac
Source
Realmo
Top alternative use upside
Office building
$7.3M
+21.2%
Auto repair, garage
$6.8M
+13.2%
Medical building
$6.5M
+8.4%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Worth Beach 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%
$5,295,000
6.5%
$4,890,000
7%
$4,540,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,005,000
Current use
OFFICE BUILDING
$7,275,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,795,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$6,505,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,975,000
Change: 0% · Conversion: Easy
RETAIL STORES
$5,115,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±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
$266 / 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
$277,268
Tax year 2023
Assessed value
$9,349,912
Assessed 2023
Previous assessed
$9,142,208
+2.3% YoY
Effective rate
2.97%
On assessed value
Assessed land
$3,014,527
Assessed improvement
$6,335,385
Land market value
$3,014,527
Improvement market value
$6,335,385
Total market value
$9,349,912
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
16,510 SF
Lot
8.31 ac (361,888 SF)
Zoning code
MU-W
APN
38-43-44-21-02-031-0020
UPID
US18-2817824
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-W · Lake Worth Beach, FLZoning MU-W · permitted uses
MU-W · Lake Worth Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MU-W mixed use district is intended to provide for the establishment and expansion of a broad range of office and commercial uses, including moderate intensity and higher intensity commercial, hotel or motel and medium-density multiple-family residential development along the city western thoroughfares. The establishment of certain uses is subject to conditional use review to ensure they will not create excessive problems for through traffic, or have a negative impact on nearby residential areas or the commercial viability of their neighbors. The district implements in part the mixed use land use category of the Lake Worth Comprehensive Plan.
Zone name
Mixed Use West
General category
MIXED_USE
Zone area
120.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.0M
OFFICE BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.0M
RETAIL STORES
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
8.31 ac
Current owner
From public records · entity-resolved
Paisa Associates 2 LLC
Entity
Mailing address
4481 LK WORTH RD, LAKE WORTH BEACH, FL 33461-3929
Ownership since
2018
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
May 2, 2024
—
Paisa Associates 2 LLC
—
Deed
related
$4,100,000 · Jpmorgan Chase Bank NA
May 14, 2018
$8,650,000
Paisa Associates 2 LLC
Laqkeworth Town Plaza LLC
Special Warranty Deed
$69,200 · Jpmorgan Chase Bank NA
—
—
Lakeworth Town Plaza LLC
—
Loan Modification
related
$3,653,100 · Bank Leumi USA
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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