Realmo Analytics

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Property profile

406 Lucerne Ave Lake Worth, FL 33460

OFF-MARKET
Retail space
Property ID
US18-4465150
2,152 SF 0.3 ac lot Built 1979
Last sale Jun 2024 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 2,152-square-foot creative office space is situated on a prominent corner lot in the heart of Lake Worth Beach's downtown area, at the northwest intersection of Lucerne Avenue and North Federal Highway. The single-tenant building, constructed in 1979 and renovated in 2010, boasts a Class A designation and features a 10-foot ceiling height. The property sits on 0.3 acres of land within a larger 13,068-square-foot lot, providing ample space and potential for outdoor expansion. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value$800k
Assessed land$517k
Assessed improvement$283k
Effective rate2.29%

Value estimate

· Nov 2026
$1.10M
$990k – $1.21M
AI approach$1.10M
Submarket $/SF estimate$914k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$161 – $425
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DT
JurisdictionPALM BEACH

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.0
Watch Repair Shop8.9
Shoe Repair8.7

Location

406 Lucerne Ave Lake Worth, FL 33460-3817
County assessor Recorded deeds · 6 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
720 Lk, Lake Worth, FL 33460-3813 $1,250,000 Dec 2025 2,745 SF
326 H, Lake Worth, FL 33460-4435 $1,600,000 Sep 2025 2,622 SF
331 H, Lake Worth, FL 33460-4434 $600,000 Jan 2025 1,596 SF
425 Dixie, Lake Worth, FL 33460-3037 $3,498,000 Sep 2024 2,557 SF
15 J, Lake Worth, FL 33460-3702 $710,000 Mar 2024 1,767 SF
114 H, Lake Worth, FL 33460-4431 $175,000 Jan 2024 2,125 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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