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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Showrooms
308 H St Lake Worth, FL 33460-4401
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-9441047
Property summary
AI-generated overview
This renovated 2,000-square-foot single-story warehouse in Lake Worth Beach, Florida, presents a fantastic opportunity for industrial businesses. Located at 308 S H Street, zip code 33460, this property boasts convenient drive-in access and ample parking both in front and at the rear. The building is zoned AI-ARTISANAL IN, making it suitable for a variety of artisanal industrial uses. Recent updates provide a modern and functional workspace, perfect for mechanics, entrepreneurs, or similar ventures. The single-tenant occupancy ensures privacy and control. The property features a total of one building suite and sits on a lot with an unknown size (lot size information unavailable). The APN is 38434421151190120. This cost-effective space is available for lease at a highly competitive rate of $500 per month, or $30 per square foot annually. This thoughtfully designed industrial space offers a prime location for businesses seeking to elevate their operations in a vibrant and convenient setting. The property is located in Lake Worth Beach, Florida. Serious inquiries only.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1989
Construction
CONCRETE
Total area
6,000 SF
Lot
0.23 ac (10,123 SF)
Zoning code
AI
APN
38-43-44-21-15-119-0120
UPID
US18-9441047
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
-
JV Car Care and Machine Shop Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.68M
Owner & transaction history
Gobitas 308 LLC · 4 yrs held
Gobitas 308 LLC
since 2022
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
AI · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+56.9%
Medical building
$2.4M
+50.2%
Neighborhood: shopping center
$2.2M
+38.6%
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
$1,720,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
$1,725,000
6.5%
$1,590,000
7%
$1,480,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,575,000
Current use
AUTO REPAIR, GARAGE
$2,470,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$2,365,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,185,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,935,000
Change: +23% · Conversion: Easy
RETAIL STORES
$1,720,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.70M (May 25 2022)
Last sale anchor
$1.70M
May 25 2022
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
$279 / 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
$14,221
Tax year 2023
Assessed value
$561,579
Assessed 2023
Previous assessed
$492,229
+14.1% YoY
Effective rate
2.53%
On assessed value
Assessed land
$132,739
Assessed improvement
$428,840
Land market value
$132,739
Improvement market value
$428,840
Total market value
$561,579
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,000 SF
Lot
0.23 ac (10,123 SF)
Zoning code
AI
APN
38-43-44-21-15-119-0120
UPID
US18-9441047
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
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Gobitas 308 LLC
Entity
Mailing address
1515 S FEDERAL HWY STE #106, BOCA RATON, FL 33432-7404
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
$1,700,000
Gobitas 308 LLC
Ghrayeb & Ghrayeb LLC
Warranty Deed
$1,500,000 · Ghrayeb & Grayeb LLC
Jun 17, 2008
$500,000
Ghrayeb & Grayeb LLC
Limauro Argeo E Trust
Grant Deed
$350,000 · Limauro Argeo E Trust (tr)
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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