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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Office buildings
728 Lk Ave Lake Worth, FL 33460-3813
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0982753
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Construction
WOOD
Total area
8,106 SF
Lot
0.1 ac (4,504 SF)
Zoning code
DT
APN
38-43-44-21-15-508-0150
UPID
US18-0982753
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
-
MULTI FRUIT EXPORTER IMPORTERS HOLDINGS INC. Big Box & Wholesale Store
-
Crush The Drive IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.28M
Owner & transaction history
728 Lake Ave Holdings LLC · 4 yrs held
728 Lake Ave Holdings LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
DT · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,245,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.30M (Jan 13 2022)
Last sale anchor
$1.30M
Jan 13 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
$158 / 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
$27,747
Tax year 2023
Assessed value
$1,158,767
Assessed 2023
Previous assessed
$1,428,266
-18.9% YoY
Effective rate
2.39%
On assessed value
Assessed land
$298,167
Assessed improvement
$860,600
Land market value
$298,167
Improvement market value
$860,600
Total market value
$1,158,767
Applied tax rate
38,453.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
8,106 SF
Lot
0.1 ac (4,504 SF)
Zoning code
DT
APN
38-43-44-21-15-508-0150
UPID
US18-0982753
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DT · Lake Worth, FL
Zoning DT · permitted uses
DT · 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.
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
728 Lake Ave Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1013 LUCERNE AVE #300, LAKE WORTH BEACH, FL 33460-3741
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
Jan 13, 2022
$1,300,000
728 Lake Ave Holdings LLC
728 Lake Avenue LLC
Special Warranty Deed
—
Feb 7, 2020
—
728 Lake Avenue LLC
—
Deed
related
$975,000 · Merle Schnittman F Trust (ct)
Dec 20, 2017
$1,425,000
728 Lake Avenue LLC
David W Fiore JR.
Warranty Deed
$1,025,000 · Schnittman Merle Tr (pt)
Mar 20, 2014
$1,000,000
David W Fiore JR.
Cimaglia Holdings Number Six L
Warranty Deed
$800,000 · Cimaglia Holdings Number Six L
Apr 8, 2004
$1,000,000
Cimaglia Holdings #6 LLC
A & B Capital Investment Corp
Grant Deed
related
$1,400,000 · Community Bank Of Broward
—
—
Cimaglia Holdings 6 LLC
—
Deed Of Trust
related
—
—
—
728 Lake Avenue LLC
—
Loan Modification
related
$975,000 · Merle Schnittman F Trust (ct)
—
—
Tricia A Mcfadden
—
Deed Of Trust
related
$100,000 · America's Wholesale Lender
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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