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Property profile & analytics
FOR SALE
Office buildings
4259 10Th Ave North Lake Worth, FL 33461
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-1834474
For Sale
1 / 23
$990,000
4259 10Th Ave North, Lake Worth, FL 33461
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1989
Construction
WOOD
Total area
2,320 SF
Lot
0.26 ac (11,456 SF)
Zoning code
CG
APN
70-42-44-24-05-000-0280
UPID
US18-1834474
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
K & M Pearls LLC · 11 yrs held
K & M Pearls LLC
since 2014
7 recorded transactions
Zoning & alternative use
CG · Palm Springs, 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,025,000
Current use
AUTO REPAIR, GARAGE
$955,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$915,000
Change: -11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: -17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$291 / 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
$9,326
Tax year 2023
Assessed value
$458,685
Assessed 2023
Previous assessed
$432,461
+6.1% YoY
Effective rate
2.03%
On assessed value
Assessed land
$191,578
Assessed improvement
$267,107
Land market value
$191,578
Improvement market value
$267,107
Total market value
$458,685
Applied tax rate
70,453.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1989
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
2,320 SF
Lot
0.26 ac (11,456 SF)
Zoning code
CG
APN
70-42-44-24-05-000-0280
UPID
US18-1834474
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Palm Springs, FL
Zoning CG · permitted uses
CG · Palm Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$955,000
MEDICAL BUILDING
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$840,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1989
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
K & M Pearls LLC
Entity
Mailing address
4259 10TH AVE N STE A, PALM SPRINGS, FL 33461-2323
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
—
K & M Pearls LLC
—
Deed
related
$302,644 · Synovus Bank
Aug 22, 2014
$342,800
K & M Pearls LLC
Vizcaya Controls LLC
Warranty Deed
$336,500 · Suntrust Bank
May 30, 2014
$258,900
Vizcaya Controls LLC
Bluerock Holdings LLC Coc
Trustees Deed
related
—
Aug 11, 2008
—
Bluerock Holdings LLC
Jeffrey S Schneider
Quit Claim Deed
related
$375,000 · Biscayne Bank
—
—
Jeffrey S Schneider
—
Deed Of Trust
related
$37,000 · Individual
—
—
Jeffrey S Schneider
—
Deed Of Trust
related
$106,500 · First Franklin Financial Corp
—
—
Jeffrey S Schneider
—
Deed Of Trust
related
$206,000 · Bankatlantic 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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