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Property profile & analytics
FOR SALE
Office buildings
202 N Federal Hwy Lake Worth, FL 33460
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3905713
For Sale
1 / 3
$2,300,000
202 N Federal Hwy, Lake Worth, FL 33460
View Listing →
Property summary
AI-generated overview
This exceptional 5,411 square foot commercial property, located at 202 N Federal Hwy in Lake Worth Beach, Florida, presents a unique investment opportunity. Situated on a high-profile, signalized corner lot, this single-tenant building boasts excellent visibility and accessibility. Currently featuring an open floor plan, the space is incredibly adaptable to a variety of uses. The zoning permits restaurants, professional offices, medical offices, or retail establishments, offering considerable flexibility for prospective tenants. Ample parking is available, with over 20 spaces and the potential for expansion. The property is located in the Lake Worth submarket of Palm Beach County, Florida, and benefits from its strategic position within a thriving community. The current owners are prepared to collaborate with tenants to facilitate build-out, making this a truly turnkey opportunity. This property is ideal for businesses seeking a prominent location with significant adaptability and the support of cooperative ownership. The property's address is 202 N Federal Hwy, Lake Worth Beach, FL 33460.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1929
Construction
WOOD
Total area
5,411 SF
Lot
0.15 ac (6,504 SF)
Zoning code
MU-E
APN
38-43-44-21-15-042-0010
UPID
US18-3905713
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
-
Doctors Business Bureau Association Or Organization
-
Self Storage Association Storage Facility
-
Florida Hydrologic Consulting, LLC Water Testing Service Consultant
-
Florida Tanning Tanning Salon
-
Lake Pest Control Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.61M
Owner & transaction history
Fairfax & Sammons Properties LLC · 4 yrs held
Fairfax & Sammons Properties LLC
since 2022
Last sale
$1.6M
1 recorded transaction
Zoning & alternative use
MU-E · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+27.6%
Medical building
$2.1M
+22.2%
Neighborhood: shopping center
$2.0M
+12.8%
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
$1,560,000
ML approach
$1,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,745,000
Current use
AUTO REPAIR, GARAGE
$2,230,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$2,135,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,970,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$1,555,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,500,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10% · vs last sale $1.63M (Mar 17 2022)
Last sale anchor
$1.63M
Mar 17 2022
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
$297 / 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
$13,044
Tax year 2023
Assessed value
$520,492
Assessed 2023
Previous assessed
$425,558
+22.3% YoY
Effective rate
2.51%
On assessed value
Assessed land
$136,602
Assessed improvement
$383,890
Land market value
$136,602
Improvement market value
$383,890
Total market value
$520,492
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1929
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,411 SF
Lot
0.15 ac (6,504 SF)
Zoning code
MU-E
APN
38-43-44-21-15-042-0010
UPID
US18-3905713
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-E · Lake Worth, FL
Zoning MU-E · permitted uses
MU-E · 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
OFFICE BUILDING Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1929
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Fairfax & Sammons Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
455 WORTH AVE APT #303, PALM BEACH, FL 33480-4555
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
$1,625,000
Fairfax & Sammons Properties LLC
Ronald M Rode
Warranty Deed
—
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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