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Property profile & analytics
OFF-MARKET
Estimated value
$5,910,000
Auto shops
5081 Lantana Rd Lake Worth, FL 33463-6823
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4603924
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1983
Construction
STEEL FRAME
Total area
12,600 SF
Lot
2.46 ac (107,123 SF)
Zoning code
MUPD
APN
00-42-44-35-00-000-5050
UPID
US18-4603924
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
-
RG Landscaping Landscaping General Contractor
-
Regency Roofing Shakemasters Roofing Company General Contractor
-
Able Lawnmower Sales & Service (Bike/Boat/Book/etc) Store Garden Center
-
Lantana Construction Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.91M
Owner & transaction history
Able Space Rentals LLC · 4 yrs held
Able Space Rentals LLC
since 2021
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
MUPD · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.6M
+66.5%
Restaurant
$7.3M
+40.7%
Commercial (general)
$5.8M
+11.6%
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
$5,910,000
ML approach
$5,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,185,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,640,000
Change: +67% · Conversion: Difficult
RESTAURANT
$7,300,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,785,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$5,555,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$4,965,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,585,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.91M
Range $5.32M – $6.50M · ±10% · vs last sale $5.00M (Oct 8 2021)
Last sale anchor
$5.00M
Oct 8 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
$469 / 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
$24,938
Tax year 2023
Assessed value
$1,342,369
Assessed 2023
Previous assessed
$1,240,919
+8.2% YoY
Effective rate
1.86%
On assessed value
Assessed land
$521,679
Assessed improvement
$820,690
Land market value
$521,679
Improvement market value
$820,690
Total market value
$1,342,369
Applied tax rate
202.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
2
Bathrooms
6
Total area
12,600 SF
Lot
2.46 ac (107,123 SF)
Zoning code
MUPD
APN
00-42-44-35-00-000-5050
UPID
US18-4603924
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · Lake Worth, FLZoning MUPD · permitted uses
MUPD · Lake Worth, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.6M
RESTAURANT
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
6
Lot
2.46 ac
Current owner
From public records · entity-resolved
Able Space Rentals LLC
Entity
Mailing address
PO BOX 970354, COCONUT CREEK, FL 33097-0354
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
Able Space Rentals LLC
Marjorie A Meloche
Warranty Deed
—
Oct 8, 2021
$5,000,000
Tmt Able Storage LLC
Able Space Rentals LLC
Warranty Deed
—
Aug 6, 2019
—
Able Space Rentals LLC
—
Deed
related
$756,000 · Flagler Bank
Jul 24, 2019
—
Able Space Rentals LLC
—
Deed
related
$115,000 · Flagler Bk
Jan 29, 2019
—
Able Space Rentals LLC
—
Deed
related
$250,000 · Flagler Bank
Feb 27, 2018
—
Able Space Rentals LLC
—
Deed
related
$790,469 · Pnc Bank NA
Jan 19, 2018
—
Able Space Rentals LLC
Meloche Paul J Trust
Grant Deed
related
—
Oct 11, 2005
—
Meloche Paul J Trust
—
Trustees Deed
related
$1,000,000 · Bank Of America
—
—
Able Space Rentals LLC
—
Loan Modification
related
$115,000 · Flagler Bk
—
—
Meloche Trust
—
Deed Of Trust
related
$137,715 · Barnett Bank
—
—
Paul J Meloche
—
Deed Of Trust
related
$968,428 · Bank Of America
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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