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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Distribution centers
3677 23rd Ave S Ste B106 Lake Worth Beach, FL 33461-3264
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-3963591
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
CONCRETE BLOCKS
Lot
1 ac (43,560 SF)
APN
38-43-44-20-28-002-1060
UPID
US18-3963591
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
-
Direct Fabrication Solutions (Bike/Boat/Book/etc) Store Building Supply
-
The Fitness Center Service Tech LLC Big Box & Wholesale Store
-
Choice Pest Control Garden Center
-
Trusted Construction Inc. Construction Company
-
Above and Beyond Pest Control Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
Christians Reaching Out To Society · 2 yrs held
Christians Reaching Out To Society
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
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 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
$1,355,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.36M (Jan 4 2024)
Last sale anchor
$1.36M
Jan 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
—
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
$7,047
Tax year 2023
Assessed value
$290,793
Assessed 2023
Previous assessed
$295,617
-1.6% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$290,793
Improvement market value
$290,793
Total market value
$290,793
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
1 ac (43,560 SF)
APN
38-43-44-20-28-002-1060
UPID
US18-3963591
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Christians Reaching Out To Society
Individual
Free & Clear · 2 yrs held
Mailing address
3677 23RD AVE S STE B101, LAKE WORTH BEACH, FL 33461-3264
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
$1,355,000
Christians Reaching Out To Society
Forties Reasl Estate Vi LLC
Special Warranty Deed
—
Apr 19, 2021
$379,000
Fortis Real Estate Vi LLC
Mcp Marlin LLC
Warranty Deed
—
Oct 16, 2020
$4,175,000
Mcp Martin LLC
Aspect Marlin LLC
Grant Deed
$3,675,000 · Summit International Corp
May 10, 2016
—
Aspect Marlin LLC
—
Deed
related
$2,400,000 · Stonegate Bk
Dec 31, 2015
$4,800,000
Aspect Marlin LLC
Marlin Indl Park Assocs LLC
Warranty Deed
related
—
Oct 20, 2009
—
Marlin Indl Park Assocs LLC
—
Deed Of Trust
related
$3,361,000 · J P Morgan Chase Bank
—
—
Marlin Indl Park Assocs LLC
—
Deed Of Trust
related
$3,361,000 · J P Morgan Chase Bank
—
—
Aspect Marlin LLC
—
Deed Of Trust
related
$2,400,000 · Stonegate 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.
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