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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Showrooms
218 F St Lake Worth, FL 33460-4381
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-5269832
Property summary
AI-generated overview
This unique Lake Worth Beach property, located at 218 S F St, offers 3,210 square feet of versatile space in a 6,534 square foot lot, perfect for a commissary, production kitchen, or similar use. The building, constructed in 1974 and renovated in 2017, is a two-story structure with a 10+ foot ceiling height and is zoned AI - Artisanal Industrial. The property includes three units: a ground floor warehouse space featuring a walk-in cooler, grease trap, and hood, complemented by two charming one-bedroom, one-bathroom apartments on the second floor, providing potential rental income. Parking is available for three cars in the front, with additional spaces in the rear yard. The building is currently vacant, with an occupancy date of October 29, 2024. This mixed-use property offers a blend of industrial functionality and residential income potential, situated just three blocks from downtown Lake Worth Beach and a short drive from the I-95 interchange. The asking price is $1,360,000. The property features a Class B designation.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Construction
CONCRETE
Total area
3,210 SF
Lot
0.16 ac (6,752 SF)
Zoning code
AI
APN
38-43-44-21-15-079-0080
UPID
US18-5269832
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
-
Boom Mold Removal & Mold Remediation Service FLORIDA Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$750k
Owner & transaction history
Cornichon Holdings LLC · 9 yrs held
Cornichon Holdings LLC
since 2017
1 recorded transaction
Zoning & alternative use
AI · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+38.6%
Office building
$1.0M
+22.9%
Retail stores
$920,000
+9.4%
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 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%
$925,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$840,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,170,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,035,000
Change: +23% · Conversion: Easy
RETAIL STORES
$920,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$890,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$234 / 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
$8,787
Tax year 2023
Assessed value
$387,033
Assessed 2023
Previous assessed
$345,921
+11.9% YoY
Effective rate
2.27%
On assessed value
Assessed land
$132,570
Assessed improvement
$254,463
Land market value
$132,570
Improvement market value
$254,463
Total market value
$387,033
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
3,210 SF
Lot
0.16 ac (6,752 SF)
Zoning code
AI
APN
38-43-44-21-15-079-0080
UPID
US18-5269832
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
AI · Lake Worth, FL
Zoning AI · permitted uses
AI · 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
$840,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$890,000
COMMERCIAL (GENERAL) Current
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Cornichon Holdings LLC
Entity
Free & Clear · 9 yrs held
Mailing address
11123 GRN BAYBERRY DR, PALM BEACH GARDENS, FL 33418-1511
Ownership since
2017
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
May 19, 2017
$340,000
Cornichon Holdings LLC
Beems Construction Co INC
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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