New search
Property profile & analytics
FOR SALE
Hotels
320 N Federal Hwy, Lake Worth, FL 33460
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-3951587
For Sale
1 / 72
$4,500,000
320 N Federal Hwy, Lake Worth, FL 33460
View Listing →
Property summary
AI-generated overview
Prime investment opportunity: The Holiday House Motel, located at 320 N Federal Highway in Lake Worth Beach, Florida (zip code 33460), presents a compelling opportunity. This meticulously maintained property encompasses 11,810 square feet across three buildings on approximately 0.5971 acres. Built in 1950, the motel features 30 well-appointed rooms, catering to a diverse clientele including weekly and long-term renters. Adding to the income potential are four residential units: one one-bedroom apartment and three two-bedroom apartments. The property's strategic location near the beach and downtown district ensures high occupancy rates and strong rental demand. The asking price for this exceptional commercial property is $4,950,000. This is a rare chance to acquire a well-established, income-generating motel in a thriving Florida coastal community. The property is situated in Palm Beach County and offers significant potential for future growth and appreciation. The two-story buildings provide ample space for both guest accommodations and residential units, maximizing revenue streams. This is an excellent opportunity for investors seeking a strong return on investment in a desirable location.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1950
Construction
CONCRETE
Total area
6,318 SF
Lot
0.6 ac (26,010 SF)
Zoning code
MU-E
APN
38-43-44-21-15-096-0050
UPID
US18-3951587
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
-
Holiday House Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$1.82M
Owner & transaction history
Majaken LLC · 13 yrs held
Majaken LLC
since 2013
7 recorded transactions
Zoning & alternative use
MU-E · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,645,000
Current use
AUTO REPAIR, GARAGE
$2,600,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$2,490,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,300,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±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
$287 / 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
$29,692
Tax year 2023
Assessed value
$1,669,256
Assessed 2023
Previous assessed
$1,669,256
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$900,000
Assessed improvement
$769,256
Land market value
$900,000
Improvement market value
$769,256
Total market value
$1,669,256
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1950
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
16
Rooms
11
Total area
6,318 SF
Lot
0.6 ac (26,010 SF)
Zoning code
MU-E
APN
38-43-44-21-15-096-0050
UPID
US18-3951587
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-E · Lake Worth, FL
Zoning MU-E · permitted uses
MU-E · 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
HOTEL/MOTEL Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1950
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
16
Rooms
11
Lot
0.6 ac
Current owner
From public records · entity-resolved
Majaken LLC
Entity
Mailing address
9801 SCRIBNER LN, WELLINGTON, FL 33414-6487
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
—
Majaken LLC
—
Deed
related
$1,093,985 · Ocean Bk
Mar 11, 2013
$452,000
Majaken LLC
Jgb Properties LLC
Warranty Deed
$403,000 · Royal Poinciana LLC
Feb 4, 2008
$1,250,000
Jgb Properties LLC
Kanuga Properties INC
Warranty Deed
—
Nov 5, 2007
—
Kanuga Properties INC
Holiday Hse Downtown Lake Wort
Quit Claim Deed
related
—
Feb 22, 2006
$2,000,000
Holiday House Downtown Lake Worth L
Kanuga Properties INC
Warranty Deed
$1,332,500 · Fidelity Federal Bank & Trust
Dec 1, 2004
—
Kanuga Properties INC
Kingsway Corp
Grant Deed
related
—
Dec 13, 1999
$750,000
Kanuga Properties
Kingsway Corp
Grant Deed
$525,000 · Fidelity Fsb Florida
—
—
Majaken LLC
—
Loan Modification
related
$1,093,985 · Ocean Bk
—
—
Majaken LLC
—
Deed Of Trust
related
$425,000 · Ocean 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
