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    Industrial Warehouse with Office Build-Out Title is generated by Realmo AI

    10689 Heritage Farms Rd, Lake Worth, FL 33449

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    For Sale
    $3,400,000

    Warehouse and office-ready interiors with multiple oversized roll-up doors and drive-in access on a private corner lot.

    Type:Land
    Lot size:
    9.54 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 2:31 am

    Property Features for 10689 Heritage Farms Rd

    General Information

    Standard status
    Active
    Lot size
    9.54 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Ryan Jabbour
    Ryan Jabbour

    Listing agent Ryan Jabbour License #3490105

    Listing office Realty Professionals of Boca Raton, LLC

    Listing date Jun 4, 2026

    Source Elliman

    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 Realty Professionals of Boca Raton, LLC

    HighLights

    • 9.54‑acre corner‑lot commercial compound with private drive access and wide driveways for large vehicles
    • Industrial‑style warehouse with multiple oversized roll‑up bay doors and high ceilings
    • Warehouse features durable concrete flooring and a wide‑open layout suited for storage, distribution, or light manufacturing
    • Interior includes shelving, workspace areas, and equipment zones plus partially built‑out spaces with framed walls, exposed beams, and installed drywall
    • Separate standalone building for offices, client‑facing space, or additional workspace
    • Expansive grounds with mature trees, open green spaces, and cultivated areas that could support agriculture, landscaping, or outdoor storage

    Overview

    A substantial industrial-style warehouse anchors this flexible commercial compound, featuring multiple oversized roll-up bay doors, high ceilings, and durable concrete flooring. The main space includes a wide-open layout designed for storage, distribution, or light contractor-type use, and it is already outfitted with shelving, workspace areas, and equipment zones for immediate operational flexibility. Partially built-out attached and adjacent interior areas provide framed walls, exposed beams, and installed drywall, offering a base for offices, studios, showrooms, or specialized production areas.

    The property sits on a corner lot with expansive grounds set among mature palm trees and tropical landscaping. Wide driveways and open access points support efficient maneuvering for larger vehicles, equipment, and deliveries. A separate standalone building on-site can function as administrative offices and client-facing space, or as additional workspace to help separate daily operations from business management.

    For tenants, buyers, and operators seeking a warehouse with room to tailor office and production areas, this compound offers a practical combination of existing industrial infrastructure and interior build-out opportunities. The standalone office structure and partially improved interior spaces make it workable for businesses that need both logistics and administrative functionality within one site.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Gym & Fitness Center Pharmacy Kitchen & Bath Showroom Garden Center Catering Service (Bike/Boat/Book/etc) Store

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

    Similar Places Nearby

    • Nissen's Catering — 7495 Park Lane Rd, Lake Worth Beach, FL 33449

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.21428
    Latitude
    26.571098

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    FAQs

    What type of property is this?
    Flex space - Warehouse and office-ready interiors with multiple oversized roll-up doors and drive-in access on a private corner lot.
    Where is this flex space located?
    The property is located at 10689 Heritage Farms Rd Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 9.54‑acre corner‑lot commercial compound with private drive access and wide driveways for large vehicles; Industrial‑style warehouse with multiple oversized roll‑up bay doors and high ceilings; Warehouse features durable concrete flooring and a wide‑open layout suited for storage, distribution, or light manufacturing
    (561) 599-3917
    We can help!
    Listing Contact
    Ryan Jabbour
    Ryan Jabbour
    Real Estate License ID: 3490105
    Learn More
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    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.

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    10689 Heritage Farms Rd, Lake Worth, FL 33449
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