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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Commercial land
725 Foresteria Dr Lake Park, FL 33403
Individually Owned
17-yr Hold
Free & Clear
Property ID
US18-5732431
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1962
Total area
10,488 SF
Lot
0.86 ac (37,575 SF)
Zoning code
PADD
APN
36-43-42-20-01-010-0290
UPID
US18-5732431
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
$1.29M
Owner & transaction history
Lake Park Community Redev Agcy · 17 yrs held
Lake Park Community Redev Agcy
since 2008
6 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
$123 / 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
Assessed value
$696,930
Assessed 2023
Previous assessed
$670,661
+3.9% YoY
Assessed land
$591,806
Assessed improvement
$105,124
Land market value
$591,806
Improvement market value
$105,124
Total market value
$696,930
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1962
Heating
NONE
Cooling
YES
Stories
1
Rooms
18
Bathrooms
21
Total area
10,488 SF
Lot
0.86 ac (37,575 SF)
Zoning code
PADD
APN
36-43-42-20-01-010-0290
UPID
US18-5732431
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
1962
Heating
NONE
Cooling
Yes
Stories
1
Rooms
18
Bathrooms
21
Lot
0.86 ac
Current owner
From public records · entity-resolved
Lake Park Community Redev Agcy
Individual
Free & Clear · 17 yrs held
Mailing address
535 PARK AVE, LAKE PARK, FL 33403-2603
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2008
—
Lake Park Community Redev Agcy
Town Of Lake Park Florida
Quit Claim Deed
—
Aug 29, 2008
$1,100,000
Town Of Lake Park Florida
Washington Mutual Bank
Grant Deed
—
Jun 4, 2008
—
Washington Mutual Bank
Lake Park LLC Coc
Trustees Deed
related
—
Oct 19, 2005
$2,250,000
Lake Park LLC
F & J Apartments INC
Warranty Deed
$1,687,500 · Washington Mutual Bank
May 15, 2003
$1,250,000
F & J Apartments INC
Podray,andrew V
Grant Deed
$1,000,000 · Citibank Fsb
Sep 28, 1998
$755,000
Gcg Holdings INC
Big Dog Holdings INC
Grant Deed
related
$600,000 · Seller
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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