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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Grocery and convenience stores
1950 Lk Worth Rd Lake Worth Beach, FL 33461-4228
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1819859
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Construction
CONCRETE
Total area
2,046 SF
Lot
0.52 ac (22,503 SF)
Zoning code
MU-W
APN
38-43-44-21-02-032-0010
UPID
US18-1819859
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
-
Orion Gas Station
-
Prime H.V.A.C Systems – Heating & Cooling Company Hardware & Home Improvement HVAC Service
-
Sunoco Gas Station
-
T7 HVAC-Repairs-Services-Team INC Corporate Office Business Park
-
GSF M.o.l.d-R.e.m.o.v.a.l-Service-Group Inc Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Macmillan Real Estate LLC · 5 yrs held
Macmillan Real Estate LLC
since 2020
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
MU-W · Lake Worth Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$900,000
+21.2%
Auto repair, garage
$840,000
+13.2%
Medical building
$805,000
+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
$925,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Current use
OFFICE BUILDING
$900,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$840,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: 0% · Conversion: Easy
RETAIL STORES
$635,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $650k (Nov 12 2020)
Last sale anchor
$650k
Nov 12 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
$347 / 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
$25,661
Tax year 2023
Assessed value
$1,005,630
Assessed 2023
Previous assessed
$985,090
+2.1% YoY
Effective rate
2.55%
On assessed value
Assessed land
$563,650
Assessed improvement
$441,980
Land market value
$563,650
Improvement market value
$441,980
Total market value
$1,005,630
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
4
Total area
2,046 SF
Lot
0.52 ac (22,503 SF)
Zoning code
MU-W
APN
38-43-44-21-02-032-0010
UPID
US18-1819859
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-W · Lake Worth Beach, FL
Zoning 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
Lake Worth Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$745,000
OFFICE BUILDING
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$840,000
MEDICAL BUILDING
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RETAIL STORES
Est. value
$635,000
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
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
0.52 ac
Current owner
From public records · entity-resolved
Macmillan Real Estate LLC
Entity
Mailing address
7950 NW 58TH ST, DORAL, FL 33166-3430
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
Jan 2, 2026
—
Macmillan Real Estate LLC
—
Deed
related
$800,000 · First Horizon Bank
Nov 12, 2020
—
Macmillan Real Estate LLC
1950 Lake Worth LLC
Quit Claim Deed
related
$903,000 · City National Bank Of Florida
Aug 25, 2016
—
424 Realty LLC
—
Deed
related
$2,217,000 · City Nat'l Bk/fl
Dec 30, 2009
$650,000
1950 Lake Worth LLC
Tiger Investment Group INC
Warranty Deed
$780,000 · Pacific National Bank
May 18, 2009
—
Tiger Investment Group INC
Atlantic 599 Inv INC Coc
Trustees Deed
related
—
Dec 12, 2002
$403,600
Ck Lake Worth Inv INC
Exxonmobil Oil Corp
Grant Deed
$600,000 · Sterling Bank Fsb
—
—
424 Realty LLC
—
Deed Of Trust
related
$2,217,000 · City Nat'l Bk/fl
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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