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Property profile & analytics
FOR SALE
Strip malls
904 Park Ave Lake Park, FL 33403
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3932740
For Sale
$1,100,000
904 Park Ave, Lake Park, FL 33403
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Construction
CONCRETE
Total area
9,060 SF
Lot
0.5 ac (21,989 SF)
Zoning code
PADD
APN
36-43-42-20-01-002-0010
UPID
US18-3932740
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
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Nadina LLC · 4 yrs held
Nadina LLC
since 2022
Last sale
$1.4M
5 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
Method
Estimation
Statistic approach
$1,340,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.40M (Jun 7 2022)
Last sale anchor
$1.40M
Jun 7 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
$152 / 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
$29,908
Tax year 2023
Assessed value
$1,270,271
Assessed 2023
Previous assessed
$1,168,565
+8.7% YoY
Effective rate
2.35%
On assessed value
Assessed land
$351,856
Assessed improvement
$918,415
Land market value
$351,856
Improvement market value
$918,415
Total market value
$1,270,271
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
9,060 SF
Lot
0.5 ac (21,989 SF)
Zoning code
PADD
APN
36-43-42-20-01-002-0010
UPID
US18-3932740
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Nadina LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2901 RICHMOND RD STE #140, LEXINGTON, KY 40509-1763
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$1,400,000
Nadina LLC
King Fitness Of Palm Beach INC
Warranty Deed
—
Jul 10, 2017
$925,000
King Fitness Of Palm Beach INC
Prestage Farmes INC
Special Warranty Deed
$792,750 · Floridian Community Bank
Nov 28, 2006
$1,800,000
Prestage Farms INC
B H Ventures INC
Warranty Deed
—
Sep 10, 2003
$802,000
B H Ventures Inv
Town Of Lake Park
Grant Deed
—
Dec 16, 1998
$280,000
Town Of Lake Park
Greeson,bill & Helen
Grant Deed
—
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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