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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Office buildings
535 Lakewood Rd West Palm Beach, FL 33405-2911
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-5039385
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1976
Construction
CONCRETE
Total area
2,644 SF
Lot
0.89 ac (38,925 SF)
Zoning code
I
APN
74-43-44-04-02-009-0060
UPID
US18-5039385
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
-
Safebound Automotive Group Car Dealership
-
Safebound Rentals Loan Service Car Dealership
-
Lotus Moving & Storage Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$1.04M
Owner & transaction history
532 E Lakewood Road LLC · 12 yrs held
532 E Lakewood Road LLC
since 2013
3 recorded transactions
Zoning & alternative use
I · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+52.9%
Auto repair, garage
$1.4M
+45.5%
Retail stores
$1.1M
+17.3%
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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach 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
$935,000
Current use
MEDICAL BUILDING
$1,430,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,360,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$1,095,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,050,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$990,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$393 / 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
$24,429
Tax year 2023
Assessed value
$1,620,681
Assessed 2023
Previous assessed
$772,747
+109.7% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,089,956
Assessed improvement
$530,725
Land market value
$1,089,956
Improvement market value
$530,725
Total market value
$1,620,681
Applied tax rate
74,982.0000
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
Off-Market
Year built
1976
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,644 SF
Lot
0.89 ac (38,925 SF)
Zoning code
I
APN
74-43-44-04-02-009-0060
UPID
US18-5039385
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I · West Palm Beach, FL
Zoning I · permitted uses
I · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$935,000
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$780,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1976
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
532 E Lakewood Road LLC
Entity
Free & Clear · 12 yrs held
Mailing address
5900 N AUSTRALIAN AVE STE #3, MANGONIA PARK, FL 33407-2333
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2013
$305,000
532 E Lakewood Road LLC
Ibc Sales Corp
Grant Deed
—
Feb 11, 2009
—
Ibc Sales Corp
Interstate Brands Corp
Grant Deed
$360,304,223 · Silver Point Financial LLC
—
—
Ibc Sales Corp
—
Deed Of Trust
related
—
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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