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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Showrooms
432 H St Lake Worth, FL 33460-4461
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5222621
Property summary
AI-generated overview
This exceptional 500-square-foot flex-space warehouse, located at 432 S H Street in Lake Worth Beach, Florida (zip code 33460), presents a fantastic opportunity for a small business or discerning individual. Situated on a lot with no specified square footage, this single-tenant property boasts an 11-foot ceiling height and a convenient 10ft x 10ft overhead door, perfect for easy loading and unloading. The property is zoned CM (Commercial Mixed-Use) and its APN is 38434421151490010. The warehouse is part of a larger building, sharing a common bathroom. Its ideal location in Lake Worth Beach offers excellent accessibility and visibility. This is a rare opportunity to acquire a well-maintained, functional flex space in a thriving area. The property is classified as industrial, with a flex subtype, and is perfect for a variety of uses, from storage to light manufacturing or even a private car collection. The property's convenient features and prime location make it an attractive investment for those seeking a versatile and functional space. Don't miss out on this chance to secure your ideal workspace.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1959
Construction
WOOD
Total area
2,875 SF
Lot
0.08 ac (3,376 SF)
Zoning code
AI
APN
38-43-44-21-15-149-0010
UPID
US18-5222621
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
Current use
Occupant on record · Public records
-
Fenno Cabinets General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$580k
Owner & transaction history
432 South H LLC · 4 yrs held
432 South H LLC
since 2022
Last sale
$600,000
1 recorded transaction
Zoning & alternative use
AI · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$925,000
+22.9%
Retail stores
$825,000
+9.4%
Warehouse, storage
$800,000
+5.8%
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
$605,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$755,000
Current use
OFFICE BUILDING
$925,000
Change: +23% · Conversion: Easy
RETAIL STORES
$825,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$800,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $600k (Apr 22 2022)
Last sale anchor
$600k
Apr 22 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
$202 / 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
$6,125
Tax year 2023
Assessed value
$240,917
Assessed 2023
Previous assessed
$213,570
+12.8% YoY
Effective rate
2.54%
On assessed value
Assessed land
$66,344
Assessed improvement
$174,573
Land market value
$66,344
Improvement market value
$174,573
Total market value
$240,917
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
1959
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,875 SF
Lot
0.08 ac (3,376 SF)
Zoning code
AI
APN
38-43-44-21-15-149-0010
UPID
US18-5222621
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
$755,000
OFFICE BUILDING
Est. value
$925,000
RETAIL STORES
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$800,000
COMMERCIAL (GENERAL) Current
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
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
432 South H LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3474 S OCEAN BLVD APT #9, PALM BEACH, FL 33480-5925
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$600,000
432 South H LLC
Kar Arponen
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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