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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Investment properties
205 Federal Hwy Lake Worth, FL 33460-3471
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-6309676
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1922
Construction
WOOD
Total area
4,432 SF
Lot
0.3 ac (13,007 SF)
Zoning code
MU-E
APN
38-43-44-21-15-044-0150
UPID
US18-6309676
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
-
Gyp's Goodies Discount Store
-
Thrift Exchange Discount Store
-
Thrift Store Department Store Grocery & Convenience Store
-
Awe Flowers (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.19M
Owner & transaction history
Bonadaire LLC · 10 yrs held
Bonadaire LLC
since 2016
2 recorded transactions
Zoning & alternative use
MU-E · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+56.9%
Medical building
$1.7M
+50.2%
Neighborhood: shopping center
$1.6M
+38.6%
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%
$1,275,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,165,000
Current use
AUTO REPAIR, GARAGE
$1,825,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$1,745,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,430,000
Change: +23% · Conversion: Easy
RETAIL STORES
$1,270,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$1,230,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$267 / 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
$20,190
Tax year 2023
Assessed value
$1,029,263
Assessed 2023
Previous assessed
$776,264
+32.6% YoY
Effective rate
1.96%
On assessed value
Assessed land
$444,303
Assessed improvement
$584,960
Land market value
$444,303
Improvement market value
$584,960
Total market value
$1,029,263
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
2
Bathrooms
1
Total area
4,432 SF
Lot
0.3 ac (13,007 SF)
Zoning code
MU-E
APN
38-43-44-21-15-044-0150
UPID
US18-6309676
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
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1922
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
2
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Bonadaire LLC
Entity
Free & Clear · 10 yrs held
Mailing address
731 S PALMWAY, LAKE WORTH, FL 33460-4938
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2016
$600,000
Bonadaire LLC
201 Federal LLC
Warranty Deed
—
Dec 20, 2001
—
Hsc Properties
Cook Hubbard & Stevens
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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