Flex Commercial
For Sale
$289,900
1047 Miner Road, Lake Worth, FL 33462
Fully fenced, rectangular commercial lot with outdoor space for vehicles, equipment, or materials storage.
Property Size560 SF
Price / SF$517.68
Days on Market75
Property Features for 1047 Miner Road
General Information
Standard status
Active
Size
560 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$1,898
Amenities
3
5 Parking Spaces.
Building Details
Year Built
1952
Listing Agency:
Lighthouse R.E. Investment Group LLC
(561) 502-1104
Listed By:
Phyllis Beckford-Smith · License #685773
(561) 990-5725
Source:
Xome
Added: Jun 22
Changed: Sep 3
Last Checked: Sep 4 at 3:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lighthouse R.E. Investment Group LLC
Investment Insights
Based on property information with market context.
1047 Miner Road in Lake Worth, FL 33462 offers a fully fenced, rectangular commercial property with usable outdoor space suited for vehicles, equipment, or materials storage. The flexible layout is described as workable for a range of uses, including retail, dental, professional, and real estate office applications.
The property is located in an established, high-visibility neighborhood across from a school, with access to the Intracoastal and area beaches within minutes. It is also approximately 3 miles from I-95, providing convenient routes for clients, staff, and vendors.
Interested parties should independently verify zoning, licensing, and permitting requirements before proceeding.
The property is located in an established, high-visibility neighborhood across from a school, with access to the Intracoastal and area beaches within minutes. It is also approximately 3 miles from I-95, providing convenient routes for clients, staff, and vendors.
Interested parties should independently verify zoning, licensing, and permitting requirements before proceeding.
Key Highlights
- 1952‑built commercial property at 1047 Miner Road
- Fully fenced, rectangular lot with usable outdoor space for vehicles, equipment, or materials storage
- Outdoor space supports a range of uses including retail, dental, professional, and real estate office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,843
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$296,860
$296.9K
Cap Rate 7%
$212,043
$212.0K
Cap Rate 9%
$164,922
$164.9K
Market Conditions
NOI Build-Up for 560 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.5K $45.60/SF
− Vacancy
−$5.7K −$10.26/SF
EGI
$19.8K $35.34/SF
− OpEx
−$4.9K −$8.84/SF
NOI
$14.8K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$296,860
Cap Rate 7%
$212,043
Cap Rate 9%
$164,922
Alternative Uses
Best Use
Office B
$212.0K
$185.5K – $247.4K
NOI $14,843 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.4K
$345.1K – $460.1K
NOI $27,607 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully fenced, rectangular commercial lot with outdoor space for vehicles, equipment, or materials storage.
Where is this office units located?
The property is located at 1047 Miner Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1952‑built commercial property at 1047 Miner Road; Fully fenced, rectangular lot with usable outdoor space for vehicles, equipment, or materials storage; Outdoor space supports a range of uses including retail, dental, professional, and real estate office
