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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Hotels
401 6th N Ave 1, Lake Worth, FL 33460-3107
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0103994
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1953
Construction
WOOD
Total area
2,957 SF
Lot
0.3 ac (13,007 SF)
Zoning code
MU-FH
APN
38-43-44-21-15-158-0090
UPID
US19-0103994
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
$1.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.66M
Owner & transaction history
Sundream Investment LLC · 3 yrs held
Sundream Investment LLC
since 2022
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
MU-FH · 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
$1,630,000
ML approach
$1,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,240,000
Current use
AUTO REPAIR, GARAGE
$1,215,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$1,165,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,075,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10% · vs last sale $1.70M (Oct 17 2022)
Last sale anchor
$1.70M
Oct 17 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
$561 / 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
$17,024
Tax year 2023
Assessed value
$694,762
Assessed 2023
Previous assessed
$428,102
+62.3% YoY
Effective rate
2.45%
On assessed value
Assessed land
$400,000
Assessed improvement
$294,762
Land market value
$400,000
Improvement market value
$294,762
Total market value
$694,762
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
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
6
Rooms
6
Total area
2,957 SF
Lot
0.3 ac (13,007 SF)
Zoning code
MU-FH
APN
38-43-44-21-15-158-0090
UPID
US19-0103994
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-FH · Lake Worth, FL
Zoning MU-FH · permitted uses
MU-FH · 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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
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
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
6
Rooms
6
Lot
0.3 ac
Current owner
From public records · entity-resolved
Sundream Investment LLC
Entity
Mailing address
931 VLG BLVD STE #905, WEST PALM BEACH, FL 33409-1804
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
$1,700,000
Sundream Investment LLC
401 6th Ave LLC
Warranty Deed
$1,275,000 · Optimumbank
Jun 3, 2014
$370,000
401 6th Ave LLC
Franklin Asset Group LP
Grant Deed
—
Mar 10, 2014
$250,800
Franklin Asset Group LP
Ortiz,doris Coc
Trustees Deed
related
—
Jan 12, 2005
$500,000
Doris Ortiz
Kamroon Singh
Warranty Deed
$350,000 · Palm Beach County Bank
—
—
Doris Ortiz
—
Deed Of Trust
related
$540,000 · Silver Hill Financial LLC
—
—
Doris Ortiz
—
Deed Of Trust
related
$69,407 · Palm Beach County Bank
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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