Entity Owned 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
Current use
Occupant on record · Public records
-
Hardware & Home Improvement Construction Company
Location
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
since 2017
1 recorded transaction
Zoning & alternative use
AI · Lake Worth, FL
Top alternative use upside
Neighborhood: shopping center
$1.2M
+38.6%
Office building
$1.0M
+22.9%
Retail stores
$920,000
+9.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$750k
Value range
$675k – $825k
±10% around blend
Estimated value / SF
$234 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
$675k
blend $750k
$825k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,210 SF
Lot area
0.16 ac
Year built
1974
Stories
2
APN
38-43-44-21-15-079-0080
Zoning
AI
Assessed value
$387,033
Annual tax
$8,787
3
Income approach: direct capitalization
Partial preview
Income approach indication
$850k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$925k
@ 6.5% CAP return
$850k
@ 7% CAP return
$790k
4
Sales comparison
Partial preview
Sales approach indication
$1.42M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.5 mi away · 3,840 SF
7.2 mi away · 3,500 SF
11.1 mi away · 2,400 SF
11.6 mi away · 2,480 SF
11.7 mi away · 2,695 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$750k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 59 sales
$262
-11%
Submarket 119 sales
$459
-49%
County 866 sales
$470
-50%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $234/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+39%
vs current-use indication
Office Building
Retail Stores
Warehouse, Storage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$387k
Move the market yield to see immediate price impact.
Value / SF
$121
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$24k
$488k
$348k
$271k
$27k
$542k
$387k
$301k
$30k
$596k
$426k
$331k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$2.07M
4.1 mi · Dec 2025 · $544/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, FLZoning AI · permitted uses
AI · Lake Worth, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
AI
Jurisdiction
Lake Worth, FL
Recorded code
AI
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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