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Property profile & analytics
OFF-MARKET
Estimated value
$3,590,000
Showrooms
212 Newman Rd Ste A Lake Park, FL 33403-3021
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-0901667
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Construction
CONCRETE
Total area
30,400 SF
Lot
1.29 ac (56,031 SF)
Zoning code
CLIC
APN
36-43-42-20-00-000-5110
UPID
US18-0901667
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.59M
Owner & transaction history
Royal White Real Estate INC · 11 yrs held
Royal White Real Estate INC
since 2015
5 recorded transactions
Zoning & alternative use
CLIC · Lake Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$118 / 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
$50,310
Tax year 2023
Assessed value
$2,107,041
Assessed 2023
Previous assessed
$1,848,560
+14.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$554,707
Assessed improvement
$1,552,334
Land market value
$554,707
Improvement market value
$1,552,334
Total market value
$2,107,041
Applied tax rate
36,507.0000
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
30,400 SF
Lot
1.29 ac (56,031 SF)
Zoning code
CLIC
APN
36-43-42-20-00-000-5110
UPID
US18-0901667
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CLIC · Lake Park, FL
Zoning CLIC · permitted uses
CLIC · Lake Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Royal White Real Estate INC
Entity
Mailing address
8316 EE FWY, HOUSTON, TX 77029-1612
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2019
—
Royal White Real Estate INC
—
Deed
related
$4,650,000 · Wells Fargo Bank NA
Jan 7, 2015
—
Royal White Real Estate INC
Royal White Cement INC
Quit Claim Deed
—
Jan 22, 2009
$1,800,000
Royal White Cement INC
National Land Co INC
Warranty Deed
—
—
—
Royal White Cement INC
—
Deed Of Trust
related
$720,000 · Bank Of America
—
—
Royal White Cement INC
—
Deed Of Trust
related
$900,000 · 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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