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Property profile & analytics
OFF-MARKET
Estimated value
$3,175,000
Distribution centers
401 Coast St, Lake Worth, FL 33460
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5420159
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Construction
CONCRETE
Total area
17,000 SF
Lot
1.16 ac (50,652 SF)
Zoning code
AI
APN
38-43-44-21-15-500-0020
UPID
US18-5420159
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
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$3.18M
Owner & transaction history
Jell LLC · 10 yrs held
Jell LLC
since 2016
7 recorded transactions
Zoning & alternative use
AI · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.9M
+3.4%
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%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,720,000
Current use
RETAIL STORES
$4,880,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$3.18M
Range $2.86M – $3.49M · ±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
$187 / 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
$47,437
Tax year 2023
Assessed value
$2,011,203
Assessed 2023
Previous assessed
$1,788,003
+12.5% YoY
Effective rate
2.36%
On assessed value
Assessed land
$389,997
Assessed improvement
$1,621,206
Land market value
$389,997
Improvement market value
$1,621,206
Total market value
$2,011,203
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
2003
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
17,000 SF
Lot
1.16 ac (50,652 SF)
Zoning code
AI
APN
38-43-44-21-15-500-0020
UPID
US18-5420159
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
WAREHOUSE, STORAGE Current
Est. value
$4.7M
RETAIL STORES
Est. value
$4.9M
WAREHOUSE, STORAGE Current
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
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Jell LLC
Entity
Mailing address
3223 LK WORTH RD, PALM SPRINGS, FL 33461-3635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
May 3, 2016
—
Jell LLC
—
Deed
related
$2,447,007 · Bankunited Fsb
Mar 2, 2016
$4,850,000
Jell LLC
Flying Colors Group LP
Grant Deed
$2,447,007 · Bankunited Fsb
Mar 2, 2016
—
Flying Colors Group LP
Flying Colors Group LP
Quit Claim Deed
related
—
Apr 22, 2014
$2,885,000
Flying Colors Group LP
Rmet Lake Worth LLC
Warranty Deed
$1,885,000 · Rmet Lake Worth LLC
Sep 9, 2011
—
Gold Coast Beverage Distribu
—
Deed Of Trust
related
$92,600,000 · Suntrust Bank NA
Jun 30, 2008
$6,000,000
Rmet Lake Worth LLC
Wm Thies & Sons INC
Grant Deed
—
Aug 8, 2002
$302,900
Wm Thies & Sons INC
Florida East Coast Railway LLC
Grant Deed
—
—
—
Jell LLC
—
Deed Of Trust
related
$2,447,007 · Bankunited Fsb
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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