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Property profile & analytics
OFF-MARKET
Estimated value
$6,130,000
Strip malls
6651 Lk Worth Rd Lake Worth, FL 33467-1507
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0216606
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1981
Construction
CONCRETE
Total area
20,650 SF
Lot
3.39 ac (147,668 SF)
Zoning code
CG
APN
00-42-43-27-05-022-0772
UPID
US18-0216606
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
-
ATM (Fifth Third Bank) Atm
-
Fifth Third Bank & ATM Bank Loan Service
-
Suncoast Hurricane Impact Windows Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.06M
CAP Approach
CAP
$6.12M
Comparable Approach
Comparable
$6.86M
Blend (final)
Blend
$6.13M
Owner & transaction history
Shoppes Of Lake Worth LLC · 4 yrs held
Shoppes Of Lake Worth LLC
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
CG · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.5M
+26.3%
Office building
$9.1M
+21.2%
Auto repair, garage
$8.5M
+13.2%
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
$5,995,000
ML approach
$6,055,000
CAP Approach
CAP Return
Estimation
6%
$6,625,000
6.5%
$6,115,000
7%
$5,680,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,510,000
Current use
COMMERCIAL (GENERAL)
$9,485,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$9,100,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,500,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$8,140,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$6,400,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$6.13M
Range $5.52M – $6.74M · ±10% · vs last sale $6.25M (Apr 18 2022)
Last sale anchor
$6.25M
Apr 18 2022
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
$297 / 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
$108,448
Tax year 2023
Assessed value
$5,575,993
Assessed 2023
Previous assessed
$4,925,866
+13.2% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,624,212
Assessed improvement
$3,951,781
Land market value
$1,624,212
Improvement market value
$3,951,781
Total market value
$5,575,993
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
20,650 SF
Lot
3.39 ac (147,668 SF)
Zoning code
CG
APN
00-42-43-27-05-022-0772
UPID
US18-0216606
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Lake Worth, FLZoning CG · permitted uses
CG · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$9.5M
OFFICE BUILDING
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$8.1M
RETAIL STORES
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
3.39 ac
Current owner
From public records · entity-resolved
Shoppes Of Lake Worth LLC
Entity
Mailing address
4000 HOLLYWOOD BLVD STE 765S, HOLLYWOOD, FL 33021-6771
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
$6,250,000
Shoppes Of Lake Worth LLC
Coral Cove Plaza LLC
Warranty Deed
—
Jan 8, 2018
—
Coral Cove Plaza LLC
—
Grant Deed
related
$6,500,000 · City Nat'l Bk/fl
May 5, 2017
—
Coral Cove Plaza LLC
—
Loan Modification
related
$11,001,197 · * Other Institutional Lenders
Sep 20, 2016
—
Coral Cove Plaza LLC
—
Deed
related
$5,452,331 · Intervest Nat'l Bk
Dec 3, 2014
—
Coral Cove Plaza LLC|lakeworth LLC
—
Loan Modification
related
$5,452,331 · Intervest Nat'l Bk
Jun 30, 2011
—
Coral Cove Plaza LLC
—
Deed Of Trust
related
$5,452,331 · Intervest National Bank
Sep 6, 2007
$1,500,000
Coral Cove Plaza LLC
San Vicente Investments N V
Special Warranty Deed
—
—
—
Coral Cove Plaza LLC
—
Deed Of Trust
related
$5,452,331 · Intervest National Bank
—
—
Coral Cove Plaza LLC
—
Loan Modification
related
$5,452,331 · Intervest Nat'l Bk
—
—
San Vicente Investments Nv
—
Deed Of Trust
related
$200,000 · Mellon United National 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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