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Property profile & analytics
OFF-MARKET
Estimated value
$8,610,000
Strip malls
6125 Lk Worth Rd Greenacres, FL 33463-3074
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4844205
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
CONCRETE
Total area
52,808 SF
Lot
4.54 ac (197,597 SF)
Zoning code
CI
APN
18-42-44-22-00-000-5050
UPID
US18-4844205
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
$9.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.61M
Owner & transaction history
Br70 East LLC · 5 yrs held
Br70 East LLC
since 2021
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
CI · Greenacres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The commercial intensive (CI) district is intended for intensive, highly automotive oriented uses that require a conspicuous and accessible location along thoroughfares designated as major arterials in the Comprehensive Plan. Permitted uses and special exceptions within this designation require larger land areas with ample off-street parking and off-street l…
Zone name
Commercial Intensive
General category
INDUSTRIAL
Zone area
258.78 ac
Source
Realmo
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 Greenacres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenacres 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
$9,280,000
ML approach
$9,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.61M
Range $7.75M – $9.47M · ±10% · vs last sale $7.85M (Jun 22 2021)
Last sale anchor
$7.85M
Jun 22 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
$163 / 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
$143,887
Tax year 2023
Assessed value
$6,793,623
Assessed 2023
Previous assessed
$6,551,769
+3.7% YoY
Effective rate
2.12%
On assessed value
Assessed land
$2,481,831
Assessed improvement
$4,311,792
Land market value
$2,481,831
Improvement market value
$4,311,792
Total market value
$6,793,623
Applied tax rate
18,982.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
52,808 SF
Lot
4.54 ac (197,597 SF)
Zoning code
CI
APN
18-42-44-22-00-000-5050
UPID
US18-4844205
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CI · Greenacres, FLZoning CI · permitted uses
CI · Greenacres, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The commercial intensive (CI) district is intended for intensive, highly automotive oriented uses that require a conspicuous and accessible location along thoroughfares designated as major arterials in the Comprehensive Plan. Permitted uses and special exceptions within this designation require larger land areas with ample off-street parking and off-street loading space. This district provides the greatest variety of uses among commercial districts and serves a geographical area that extends beyond the city limits. This district may accommodate certain light manufacturing, processing, wholesaling and storage and warehousing uses when it is clearly demonstrated that such uses are compatible with other uses in the district. It is not the intent of this district that it shall be used to encourage the extension of strip commercial areas.
Zone name
Commercial Intensive
General category
INDUSTRIAL
Zone area
258.78 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.54 ac
Current owner
From public records · entity-resolved
Br70 East LLC
Entity
Mailing address
PO BOX 27404, PHILADELPHIA, PA 19118-0404
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Br70 East LLC
—
Deed
related
$1,825,000 · Midflorida Cu
Jun 10, 2024
—
Geraldine A Kelly
—
Deed
related
$40,000 · Third Fsla Of Cleveland
Jun 22, 2021
$7,850,000
Br70 East LLC
Lake Worth Merchandise Mart LLC
Special Warranty Deed
$5,887,500 · Midflorida Cu
Jan 12, 2018
—
Lake Worth Merchandise Mart Lc
—
Deed
related
$3,960,685 · Legacy Bk/fl
Jun 12, 1997
$1,492,857
Worth Merchandise Mart Lake
Life Insurance Co Of Virginia
Grant Deed
$1,490,000 · Republic Bank
—
—
Worth Merchandise Mart Lc Lake
—
Deed Of Trust
related
$3,194,680 · Nationwide Life Insurance Co
—
—
Lake Worth Merchandise Mart Lc
—
Deed Of Trust
related
$3,600,000 · Legacy Bk/fl
—
—
Lake Worth Merchandise Mart Lc
—
Loan Modification
related
$3,960,685 · Legacy Bk/fl
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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