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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Commercial land
801 10th St Lake Park, FL 33403-2421
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5730753
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1964
Construction
WOOD FRAME
Total area
1,156 SF
Lot
0.83 ac (36,085 SF)
Zoning code
PADD
APN
36-43-42-20-06-002-0013
UPID
US18-5730753
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
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$595k
Owner & transaction history
Tenth And Park Avenue LLC · 4 yrs held
Tenth And Park Avenue LLC
since 2022
Last sale
$600,000
3 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
Top alternative use upside
Medical building
$625,000
+39.3%
Auto repair, garage
$595,000
+32.5%
Retail stores
$480,000
+6.8%
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
Method
Estimation
Statistic approach
$575,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
MEDICAL BUILDING
$625,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$595,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$480,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$410,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $600k (May 11 2022)
Last sale anchor
$600k
May 11 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
$515 / 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
$10,486
Tax year 2023
Assessed value
$469,118
Assessed 2023
Previous assessed
$433,032
+8.3% YoY
Effective rate
2.24%
On assessed value
Assessed land
$469,118
Land market value
$469,118
Total market value
$469,118
Applied tax rate
36,501.0000
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
1964
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,156 SF
Lot
0.83 ac (36,085 SF)
Zoning code
PADD
APN
36-43-42-20-06-002-0013
UPID
US18-5730753
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$450,000
MEDICAL BUILDING
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$595,000
RETAIL STORES
Est. value
$480,000
OFFICE BUILDING
Est. value
$410,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1964
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Tenth And Park Avenue LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11231 US HWY 1ST #354, NORTH PALM BEACH, FL 33408-3216
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$600,000
Tenth And Park Avenue LLC
Harbor Side Realty Corp
Warranty Deed
—
May 25, 2006
$440,000
Harbor Side Realty Corp
Jacquot,robert M JR
Warranty Deed
—
Dec 31, 1992
$151,500
Fraternal Order Eagl
F,n B B N B No 1 INC
Warranty Deed
related
$100,000 · First Nat'l Bk/carmi
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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