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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Grocery and convenience stores
7049 Lk Worth Rd Lake Worth, FL 33467-2904
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0359419
Property summary
AI-generated overview
This exceptional 1.67-acre commercial land parcel, located at 7049 Lake Worth Road in Lake Worth Beach, Florida (33467), presents a unique investment opportunity. Priced at $4,000,000, this property boasts a highly desirable corner location with over 50,000 vehicles passing daily, ensuring excellent visibility and accessibility. The zoning is commercial, allowing for a variety of development possibilities. The property currently features a 2400 square foot building that has been completely gutted and is ready for immediate build-out, saving significant time and costs. Its strategic location is surrounded by condominiums, townhouses, and single-family homes, indicating a strong residential base. Furthermore, the property's proximity to five golf courses within three miles and its location just one mile from the Florida Turnpike provides unparalleled convenience and accessibility. This is a rare opportunity to acquire a hard corner lot in the booming Lake Worth market
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1972
Construction
CONCRETE
Total area
2,200 SF
Lot
0.75 ac (32,539 SF)
Zoning code
CG
APN
00-42-43-27-05-023-1271
UPID
US19-0359419
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
$1.05M
CAP Approach
CAP
$650k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Bismilla Investments Group LLC · 3 yrs held
Bismilla Investments Group LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
CG · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+26.3%
Office building
$970,000
+21.2%
Auto repair, garage
$905,000
+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
$990,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Current use
COMMERCIAL (GENERAL)
$1,010,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$970,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$905,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$865,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$680,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.03M (Oct 16 2022)
Last sale anchor
$1.03M
Oct 16 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
$466 / 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
$17,692
Tax year 2023
Assessed value
$1,045,653
Assessed 2023
Previous assessed
$967,483
+8.1% YoY
Effective rate
1.69%
On assessed value
Assessed land
$878,526
Assessed improvement
$167,127
Land market value
$878,526
Improvement market value
$167,127
Total market value
$1,045,653
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,200 SF
Lot
0.75 ac (32,539 SF)
Zoning code
CG
APN
00-42-43-27-05-023-1271
UPID
US19-0359419
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CG · Lake Worth, FL
Zoning 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
Lake Worth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$905,000
MEDICAL BUILDING
Est. value
$865,000
RETAIL STORES
Est. value
$680,000
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Bismilla Investments Group LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3315 FAIRFIELD LN, WESTON, FL 33331-3054
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2022
$1,032,000
Bismilla Investments Group LLC
7 Eleven INC
Special Warranty Deed
—
Mar 22, 2016
—
7-eleven INC
Kilian,george L
Quit Claim Deed
related
—
Mar 22, 2016
$950,000
7-eleven INC
Kilian,george L
Warranty Deed
—
Aug 12, 2015
$10,000
George L Kilian
Sheriff Of Palm Beach County|hefaz Ent INC
Trustees Deed
—
Oct 18, 2013
—
Globals Ervice Powermind
Hefaz Ent INC
Quit Claim Deed
related
—
Feb 22, 2007
$1,200,000
Hefaz Ent INC
Kilian,george L
Warranty Deed
$1,050,000 · Kilian George L Trust (tr)
Feb 22, 2007
—
Kilian George L Trust
Kilian,george L
Quit Claim Deed
related
—
—
—
Mn Corp Of USA
—
Deed Of Trust
related
$170,000 · 1700 Douglas Road INC
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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