Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4160 42Nd Ave S Lake Worth, FL 33463

    Sponsored
    For Sale
    $689,000

    Multi-Family High De, Commercial Land - Lake Worth, FL

    Lot size:
    0.91 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 30 at 2:06 pm

    Property Features for 4160 42Nd Ave S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Cleared
    Zoning
    RM--MULTI-FAMILY
    APN
    00424425000001040
    Exterior features
    Cleared
    Lot size
    0.91 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Julian Prieto Avila

    Partnership Realty Inc. (561) 355-0270

    Listing agent Julian Prieto Avila (561) 355-0270

    Listing date Jan 30, 2026

    MLS# RX-11137083 Listing URL

    Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lake Worth Multifamily Development Opportunity

    This property presents an exceptional development opportunity in Palm Beach County. The site plan is approved for the construction of 10 multifamily units, including 8 units with 2 bedrooms and 2 bathrooms, and 2 units with 1 bedroom and 1.5 bathrooms. The project has already received zoning approval under RM--MULTI-FAMILY zoning and is pending final TDR documentation and administrative signatures, making it ready for the building permit phase. Situated on a 0.91-acre lot in a fast-growing rental market area, this property offers excellent potential for investors or builders seeking a shovel-ready project with strong returns. The property is located in Lake Worth, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.108746
    Latitude
    26.615819

    Nearby Similar for Sale

    • New
      $1,337,000
      3,160 SF

      Lake Worth Beach Quad Plex

      Four detached homes with pools, ideal for investment or residence.
      126 N F St, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      120.00 Acres

      Premier Equestrian Estate in Wellington

      World-class equestrian estate in the heart of Wellington.
      5420 Las Palmas Ave, Lake Worth, FL 33449
      View Details
    • $1,350,000
      3,858 SF

      Lake Worth Beach Quad Plex

      Four updated units with pool, RV carport, and vacant lot.
      907 N A St, Lake Worth, FL 33460
      View Details
    • $1,250,000
      4,528 SF

      Lake Worth Beach Quad Plex

      Four-unit multifamily property in Lake Worth Beach, Florida.
      715 Washington Ave, Lake Worth, FL 33460
      View Details
    • New
      $795,000
      2,820 SF

      Mixed-Use Property in Lake Worth

      Mixed-use property with bar and apartments on 0.25 acres.
      945 Miner Rd, Lake Worth, FL 33462
      View Details
    • Contact for pricing
      90.00 Acres

      Equestrian Estate Near WEF

      Newly constructed equestrian facility with sophisticated design and functionality.
      10601 Tamis Trl, Lake Worth, FL 33449
      View Details
    • Contact for pricing
      90.00 Acres

      Equestrian Estate Near Wellington

      Equestrian facility with stalls, living options, and arenas.
      10601 Tamis Trl, Lake Worth, FL 33449
      View Details
    • $220,000
      6,506 SF

      Lake Worth Gas Station Business

      Gas station business for sale in Lake Worth, Florida.
      6729 S Military Trl, Lake Worth, FL 33463
      View Details
    • $1,850,000
      3,408 SF

      Lake Worth Beach Income Property

      Five-plex with water views and expansion potential in Lake Worth.
      130 S Lakeside 1 Dr, Lake Worth, FL 33460
      View Details
    • $2,100,000
      4,233 SF

      Established Supermarket with New Roof

      Freestanding commercial property with fully operational grocery store in Lake Worth.
      Lake Worth, FL 33461
      View Details
    • $795,000

      Office Building on Lake Worth

      Commercial office building with high traffic and expansion potential.
      4736 Lake Worth Rd, Lake Worth, FL 33463
      View Details
    • $149,000
      2,000 SF

      Established Salon in Lake Worth

      Well-established salon with loyal clientele and exceptional service reputation.
      Lake Worth, FL 33460
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Approved site plan for 10 multifamily units in Lake Worth.
    Where is this residential land & home lot located?
    The property is located at 4160 42Nd Ave S Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: - Site plan approved for 10 multifamily units, featuring 8 two-bedroom, two-bath units and 2 one-bedroom, one-and-a-half-bath units.; - Zoning approval received, pending final TDR documentation.; - Shovel-ready project approaching building permit phase.
    (561) 631-4297
    Request Owner's contact information
    4160 42Nd Ave S Lake Worth, FL 33463
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4160 42Nd Ave S
    Lake Worth, FL 33463
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4160 42Nd Ave S Lake Worth, FL 33463
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Julian Prieto Avila
    (561) 631-4297
    Learn more
    Google sign-in failed. Please try again or use another login method.