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Property profile & analytics
OFF-MARKET
Estimated value
$7,065,000
Showrooms
2001 10th N Ave Lake Worth Beach, FL 33461-3362
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-5066439
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Construction
CONCRETE
Total area
29,395 SF
Lot
6.87 ac (299,170 SF)
Zoning code
MU-W
APN
38-43-44-20-01-031-0010
UPID
US18-5066439
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
-
Elegant Lounge by JV's Event Planning Wedding Service
-
Dunkin' Cafe & Coffee Shop
-
Estilo Barber Shop Barber Shop
-
Sausage lickers Bakery Specialty Food Shop
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.80M
Comparable Approach
Comparable
$5.11M
Blend (final)
Blend
$7.07M
Owner & transaction history
Three Palms Investments LLC · 10 yrs held
Three Palms Investments LLC
since 2016
4 recorded transactions
Zoning & alternative use
MU-W · Lake Worth Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.6M
+8.9%
Neighborhood: shopping center
$10.7M
+0.5%
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%
$8,450,000
6.5%
$7,800,000
7%
$7,245,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,640,000
Current use
MEDICAL BUILDING
$11,585,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,695,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$9,105,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$7.07M
Range $6.36M – $7.77M · ±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
$240 / 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
$183,062
Tax year 2023
Assessed value
$8,254,518
Assessed 2023
Previous assessed
$7,707,223
+7.1% YoY
Effective rate
2.22%
On assessed value
Assessed land
$3,745,583
Assessed improvement
$4,508,935
Land market value
$3,745,583
Improvement market value
$4,508,935
Total market value
$8,254,518
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
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
29,395 SF
Lot
6.87 ac (299,170 SF)
Zoning code
MU-W
APN
38-43-44-20-01-031-0010
UPID
US18-5066439
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
COMMERCIAL (GENERAL) Current
Est. value
$10.6M
MEDICAL BUILDING
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.7M
RETAIL STORES
Est. value
$9.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
6.87 ac
Current owner
From public records · entity-resolved
Three Palms Investments LLC
Entity
Mailing address
2003 10TH AVE N, LAKE WORTH BEACH, FL 33461-3311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Dec 28, 2018
—
Three Palms Investments LLC
—
Deed
related
$2,800,000 · Jpmorgan Chase Bank NA
Jul 14, 2016
—
Three Palms Investments LLC
City Of Lake Worth Florida
Quit Claim Deed
related
—
Sep 19, 2013
—
Three Palms Investments LLC
Carefree Park Corp
Grant Deed
related
—
Jul 1, 2013
$3,000,000
Three Palms Investments LLC
Carefree Park Corp
Grant Deed
$3,443,717 · 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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