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Property profile & analytics
OFF-MARKET
Medical Office Space
701 Park Ave Lake Park, FL 33403-2503
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3991024
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
WOOD
Total area
2,070 SF
Lot
0.29 ac (12,502 SF)
Zoning code
PADD
APN
36-43-42-20-01-011-0450
UPID
US18-3991024
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Evaland LLC · 2 yrs held
Evaland LLC
since 2024
Last sale
$175,000
2 recorded transactions
Zoning & alternative use
PADD · Lake Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose and intent of the Park Avenue Downtown District to provide urban development which is reflective of early master plans for a small scale traditional downtown commercial area, buildings and structures that relate to the pedestrian environment at a human scale which, in conjunction with public investments, help to create a sense of place, The…
Zone name
Parks Avenue Downtown District
General category
COMMERCIAL
Zone area
52.44 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,846
Tax year 2023
Assessed value
$475,169
Assessed 2023
Previous assessed
$383,897
+23.8% YoY
Effective rate
2.07%
On assessed value
Assessed land
$200,000
Assessed improvement
$275,169
Land market value
$200,000
Improvement market value
$275,169
Total market value
$475,169
Applied tax rate
36,507.0000
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
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,070 SF
Lot
0.29 ac (12,502 SF)
Zoning code
PADD
APN
36-43-42-20-01-011-0450
UPID
US18-3991024
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PADD · Lake Park, FLZoning PADD · permitted uses
PADD · Lake Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose and intent of the Park Avenue Downtown District to provide urban development which is reflective of early master plans for a small scale traditional downtown commercial area, buildings and structures that relate to the pedestrian environment at a human scale which, in conjunction with public investments, help to create a sense of place, The reestablishment and redevelopment of an urban center offering a mixture of retail, personal service, commercial, office, and residential uses
Zone name
Parks Avenue Downtown District
General category
COMMERCIAL
Zone area
52.44 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Evaland LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2512 KITTBUCK WAY, WEST PALM BCH, FL 33411-5700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
$495,000
Evaland LLC
Henry Stark
Warranty Deed
—
Apr 12, 2021
—
Henry Stark
—
Deed
related
$150,000 · Flagler 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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