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Property profile & analytics
OFF-MARKET
Estimated value
$10,520,000
Office buildings
9897 Lk Worth Rd Lake Worth, FL 33467-2375
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5485436
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2007
Construction
CONCRETE
Total area
24,357 SF
Lot
0.29 ac (12,659 SF)
Zoning code
CG
APN
00-42-44-30-10-000-0042
UPID
US18-5485436
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
-
Dolce Dental of Wellington Dental Office
-
Edward Jones - Financial Advisor: Shannon C Kane, AAMS™ Financial Advisor
-
George Feldman McDonald, PLLC Law Firm
-
Chaykin Law Group, P.A. Law Firm
-
The Law Offices of Ryan D. Gesten, P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.60M
Comparable Approach
Comparable
$11.94M
Blend (final)
Blend
$10.52M
Owner & transaction history
Real Sub LLC · 1 yrs held
Real Sub LLC
since 2024
Last sale
$9.8M
3 recorded transactions
Zoning & alternative use
CG · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$16.7M
+55.5%
Restaurant
$14.1M
+31.4%
Commercial (general)
$11.2M
+4.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,475,000
6.5%
$10,595,000
7%
$9,835,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,735,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,700,000
Change: +56% · Conversion: Easy
RESTAURANT
$14,110,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,185,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,025,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$9,600,000
Change: -11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,860,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$10.52M
Range $9.47M – $11.57M · ±10% · vs last sale $9.77M (Jun 4 2024)
Last sale anchor
$9.77M
Jun 4 2024
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
$432 / 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
$101,113
Tax year 2023
Assessed value
$5,646,702
Assessed 2023
Previous assessed
$5,322,388
+6.1% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,529,400
Assessed improvement
$4,117,302
Land market value
$1,529,400
Improvement market value
$4,117,302
Total market value
$5,646,702
Applied tax rate
206.0000
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
24,357 SF
Lot
0.29 ac (12,659 SF)
Zoning code
CG
APN
00-42-44-30-10-000-0042
UPID
US18-5485436
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
OFFICE BUILDING Current
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.7M
RESTAURANT
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Real Sub LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1541 SUNSET DR STE #300, MIAMI, FL 33143-5777
Ownership since
2024
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
Sep 4, 2024
$9,770,400
Real Sub LLC
Pr II Woods Walk Phase III LLC
Special Warranty Deed
—
Nov 18, 2022
—
Jerrold Goldstein
Fay Lenore Levine
Correction Deed
related
—
May 10, 2022
$240,000
Ronald Rogers
Sandford E Lederman
Warranty 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.
Try Rey
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