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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Medical Office Space
509 Us Hwy 1st 1, Lake Park, FL 33403-3557
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3203655
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
CONCRETE
Total area
9,286 SF
Lot
0.52 ac (22,499 SF)
Zoning code
MU
APN
36-43-42-20-01-117-0010
UPID
US18-3203655
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
$2.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Kmg Holding LLC · 7 yrs held
Kmg Holding LLC
since 2018
6 recorded transactions
Zoning & alternative use
MU · Lake Park, 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 Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Park 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%
$2,165,000
6.5%
$2,000,000
7%
$1,855,000
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$157 / 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
$31,821
Tax year 2023
Assessed value
$1,371,157
Assessed 2023
Previous assessed
$1,336,293
+2.6% YoY
Effective rate
2.32%
On assessed value
Assessed land
$327,135
Assessed improvement
$1,044,022
Land market value
$327,135
Improvement market value
$1,044,022
Total market value
$1,371,157
Applied tax rate
36,501.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
9,286 SF
Lot
0.52 ac (22,499 SF)
Zoning code
MU
APN
36-43-42-20-01-117-0010
UPID
US18-3203655
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU · Lake Park, FL
Zoning MU · permitted uses
MU · Lake Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Kmg Holding LLC
Entity
Mailing address
2925 10TH AVE N, PALM SPRINGS, FL 33461-3000
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
$1,150,000
Kmg Holding LLC
509 Federal LLC
Grant Deed
—
Jun 23, 2011
—
509 Federal LLC
—
Deed Of Trust
related
$1,250,000 · Seacoast National Bank
Feb 2, 2005
$1,300,000
509 Federal LLC
Canaan Properties INC
Warranty Deed
$1,040,000 · Independent Community Bank
Jul 26, 2004
$960,000
Canaan Properties INC
Moffitt,lloyd & Joan E
Warranty Deed
—
—
—
509 Federal LLC
—
Deed Of Trust
related
$614,356 · Pnc Bank
—
—
509 Federal LLC
—
Deed Of Trust
related
$461,939 · Independent Community Bank
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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