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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Showrooms
425 H St Lake Worth, FL 33460-4436
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3389829
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
WOOD
Total area
1,380 SF
Lot
0.08 ac (3,376 SF)
Zoning code
AI
APN
38-43-44-21-15-147-0290
UPID
US18-3389829
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
$590k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Orlando A Martinez JR · 4 yrs held
Orlando A Martinez JR
since 2021
Last sale
$610,000
4 recorded transactions
Zoning & alternative use
AI · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$570,000
+56.9%
Medical building
$545,000
+50.2%
Neighborhood: shopping center
$500,000
+38.6%
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
$575,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$360,000
Current use
AUTO REPAIR, GARAGE
$570,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$545,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$445,000
Change: +23% · Conversion: Easy
RETAIL STORES
$395,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$385,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $610k (Aug 24 2021)
Last sale anchor
$610k
Aug 24 2021
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
$431 / 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
$3,387
Tax year 2023
Assessed value
$134,755
Assessed 2023
Previous assessed
$120,164
+12.1% YoY
Effective rate
2.51%
On assessed value
Assessed land
$66,285
Assessed improvement
$68,470
Land market value
$66,285
Improvement market value
$68,470
Total market value
$134,755
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
1960
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,380 SF
Lot
0.08 ac (3,376 SF)
Zoning code
AI
APN
38-43-44-21-15-147-0290
UPID
US18-3389829
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
COMMERCIAL (GENERAL) Current
Est. value
$360,000
AUTO REPAIR, GARAGE
Est. value
$570,000
MEDICAL BUILDING
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
OFFICE BUILDING
Est. value
$445,000
RETAIL STORES
Est. value
$395,000
WAREHOUSE, STORAGE
Est. value
$385,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Orlando A Martinez JR
Individual
Mailing address
104 ML POND LN, ROYAL PALM BEACH, FL 33411-4721
Ownership since
2021
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
Aug 24, 2021
$610,000
Orlando A Martinez JR
Spyridon Frangiskakis
Warranty Deed
$501,631 · 423 South H Street LLC
Apr 13, 2012
—
Spyridon Frangiskakis
423 South H Street LLC
Warranty Deed
related
—
Jul 11, 2006
—
423 South H Street LLC
Frangiskakis,spiro
Quit Claim Deed
related
—
Apr 11, 2005
$210,000
Spiro Frangiskakis
Special Master Of Palm Beach Cnty
Trustees 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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