Property profile

509 Us Hwy 1st 1 Lake Park, FL 33403

OFF-MARKET
Medical Office Space
Property ID
US18-3203655
9,286 SF 0.52 ac lot Built 1972
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Location

509 Us Hwy 1st 1 Lake Park, FL 33403-3557
Lake Park metro Census 1102 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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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

since 2018
6 recorded transactions
2018
$1.2M
2011
Price N/A
2005
$1.3M
2004
$960,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MU · Lake Park, FL
Zoning description

The purpose of this zoning district is to encourage transit use as an alternative to auto dependency by accommodating moderate to high intensity, compact, mixed use, and pedestrian-oriented development within convenient…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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