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Property profile & analytics
OFF-MARKET
Estimated value
$11,980,000
Office buildings
2290 10th N Ave Lake Worth, FL 33461-6607
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2703325
Property summary
AI-generated overview
This exceptional 1,000 square foot traditional office suite is ideally located at 2290 10th Ave N, Lake Worth Beach, FL 33461. The single-tenant space presents a fantastic opportunity for businesses seeking a comfortable and productive work environment. The suite is highly adaptable and can be divided to accommodate varying business needs. This property offers significant value, featuring a highly competitive rental rate. A unique incentive is included: three months of free rent on the base rent, one per year. This is a rare opportunity to secure a well-located, flexible office space in a thriving area of Lake Worth Beach at an exceptionally affordable price. The building is committed to providing a safe and enjoyable working environment for its tenants. The property is conveniently located in the 33461 zip code, offering easy access to local amenities and transportation. This is a perfect space for a business looking to establish or expand its presence in the vibrant Lake Worth Beach community. Don't miss this chance to secure your ideal office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
STEEL FRAME
Total area
54,454 SF
Lot
6.59 ac (287,261 SF)
Zoning code
CS
APN
00-43-44-20-01-034-0060
UPID
US18-2703325
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
-
Pivotal Health and Wellness Medical Clinic
-
Center for Real Education and Distinction High School Vocational School
-
Team Real Education Solutions LLC Vocational School Training Center
-
Get Liquid Funding Loan Service Law Firm
-
Concept Open Imaging Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$11.98M
Owner & transaction history
Plantation Medical Office 18 LLC · 5 yrs held
Plantation Medical Office 18 LLC
since 2020
Last sale
$10.9M
4 recorded transactions
Zoning & alternative use
CS · Lake Worth, 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 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
$15,490,000
ML approach
$12,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$19,810,000
Change: -17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,710,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$11.98M
Range $10.78M – $13.18M · ±10% · vs last sale $10.90M (Oct 22 2020)
Last sale anchor
$10.90M
Oct 22 2020
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
$220 / 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
$220,332
Tax year 2023
Assessed value
$13,247,280
Assessed 2023
Previous assessed
$11,000,000
+20.4% YoY
Effective rate
1.66%
On assessed value
Assessed land
$1,920,840
Assessed improvement
$11,326,440
Land market value
$1,920,840
Improvement market value
$11,326,440
Total market value
$13,247,280
Applied tax rate
203.0000
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
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
6
Total area
54,454 SF
Lot
6.59 ac (287,261 SF)
Zoning code
CS
APN
00-43-44-20-01-034-0060
UPID
US18-2703325
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CS · Lake Worth, FL
Zoning CS · permitted uses
CS · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.8M
COMMERCIAL (GENERAL)
Est. value
$19.7M
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
2
Lot
6.59 ac
Current owner
From public records · entity-resolved
Plantation Medical Office 18 LLC
Entity
Mailing address
13280 NE 6TH AVE APT #100, NORTH MIAMI, FL 33161-4019
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2020
$10,900,000
Plantation Medical Office 18 LLC
Kas Lake Worth LLC
Special Warranty Deed
$5,500,000 · Seacoast National Bank
Aug 19, 2019
$100
Boynton Holdings LLC
Sterling,robert
Quit Claim Deed
related
—
Jun 30, 2015
—
Kas Lake Worth LLC
Kas Datura LLC
Quit Claim Deed
related
$6,350,000 · Centerstate Bk/fl
Mar 17, 2015
$7,400,000
Kas Datura LLC
Cd Parking INC
Grant 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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