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Property profile & analytics
OFF-MARKET
Estimated value
$7,750,000
Showrooms
3601 Boutwell Rd Lake Worth Beach, FL 33461-3841
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6100288
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2017
Construction
STEEL FRAME
Total area
24,750 SF
Lot
5.33 ac (232,109 SF)
Zoning code
I-POC
APN
38-43-44-20-32-001-0000
UPID
US18-6100288
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.75M
CAP Approach
CAP
$6.57M
Comparable Approach
Comparable
$9.76M
Blend (final)
Blend
$7.75M
Owner & transaction history
Rlf IV East 2 LLC · 2 yrs held
Rlf IV East 2 LLC
since 2024
Last sale
$7.8M
4 recorded transactions
Zoning & alternative use
I-POC · Lake Worth Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.9M
+21.8%
Auto repair, garage
$10.2M
+13.7%
Medical building
$9.8M
+8.9%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Worth Beach 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
$7,750,000
ML approach
$7,750,000
CAP Approach
CAP Return
Estimation
6%
$7,115,000
6.5%
$6,570,000
7%
$6,100,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,960,000
Current use
OFFICE BUILDING
$10,910,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,190,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$9,755,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,005,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$7,670,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$7.75M
Range $6.98M – $8.53M · ±10% · vs last sale $7.75M (Jun 4 2024)
Last sale anchor
$7.75M
Jun 4 2024
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
$313 / 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
$124,986
Tax year 2023
Assessed value
$5,370,028
Assessed 2023
Previous assessed
$4,774,275
+12.5% YoY
Effective rate
2.33%
On assessed value
Assessed land
$2,444,097
Assessed improvement
$2,925,931
Land market value
$2,444,097
Improvement market value
$2,925,931
Total market value
$5,370,028
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
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
24,750 SF
Lot
5.33 ac (232,109 SF)
Zoning code
I-POC
APN
38-43-44-20-32-001-0000
UPID
US18-6100288
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-POC · Lake Worth Beach, FL
Zoning I-POC · permitted uses
I-POC · Lake Worth Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Worth Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$9.0M
OFFICE BUILDING
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.0M
RETAIL STORES
Est. value
$7.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.33 ac
Current owner
From public records · entity-resolved
Rlf IV East 2 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2400 E COMMERCIAL BLVD STE #905, FORT LAUDERDALE, FL 33308-4059
Ownership since
2024
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
Jun 4, 2024
$7,750,000
Rlf IV East 2 LLC
Florida Railroad LLC
Special Warranty Deed
—
Oct 1, 2015
$1,392,000
Florida Railroad LLC
Flagler Bk
Grant Deed
—
May 7, 2014
$502,500
Bk Flagler
Patten Co INC Coc
Trustees Deed
related
—
Jan 6, 2006
$2,600,000
Patten Properties Lc
Villa Clara Ents INC
Warranty 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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