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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Strip malls
2311 10th N Ave Lake Worth, FL 33461-6605
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2457064
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
CONCRETE
Total area
22,987 SF
Lot
1.97 ac (85,704 SF)
Zoning code
CG
APN
00-43-44-20-01-026-0020
UPID
US18-2457064
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
-
Cagigas Dental Services Dental Office
-
Steicy Hospital
-
GreatFlorida Insurance - Monica Stolowich Insurance Agency
-
Dr. Sherri W. Pinsley, DO Physician
-
Sanitas Group Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
Spectrum Center LLC · 14 yrs held
Spectrum Center LLC
since 2012
7 recorded transactions
Zoning & alternative use
CG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$159 / 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
$52,183
Tax year 2023
Assessed value
$2,903,083
Assessed 2023
Previous assessed
$2,854,765
+1.7% YoY
Effective rate
1.80%
On assessed value
Assessed land
$953,051
Assessed improvement
$1,950,032
Land market value
$953,051
Improvement market value
$1,950,032
Total market value
$2,903,083
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
22,987 SF
Lot
1.97 ac (85,704 SF)
Zoning code
CG
APN
00-43-44-20-01-026-0020
UPID
US18-2457064
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Lake Worth, FL
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Spectrum Center LLC
Entity
Mailing address
1435 10TH ST, LAKE PARK, FL 33403-2041
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2017
—
Spectrum Center LLC
—
Deed
related
$3,450,000 · Wells Fargo Bk
Apr 26, 2017
—
Spectrum Center LLC
—
Deed
related
$800,000 · Wells Fargo Bk
Apr 2, 2012
—
Spectrum Center LLC
Spectrum Plaza INC
Correction Deed
related
$800,000 · Wells Fargo Bank NA
Nov 8, 2011
—
Spectrum Center LLC
Spectrum Plaza INC
Quit Claim Deed
related
—
Aug 31, 2004
—
Spectrum Plaza INC
Pascal,betsy
Warranty Deed
related
—
—
—
Spectrum Center LLC
—
Loan Modification
related
$800,000 · Wells Fargo Bk
—
—
Spectrum Plaza INC
—
Deed Of Trust
related
$950,000 · Wachovia Bank NA
—
—
Spectrum Center LLC
—
Deed Of Trust
related
$3,450,000 · Wells Fargo Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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