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    Industrial Flex Compound with Warehouse Title is generated by Realmo AI

    10689 Heritage Farms Road, Lake Worth, FL 33449

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    For Sale
    $3,400,000

    COMMERCIAL - Lake Worth, FL

    Lot size:
    9.54 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 10689 Heritage Farms Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    AR
    Fencing
    Chain Link
    Standard status
    Active
    APN
    00414512000003160
    Lot size
    9.54 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    12-45-41 NLY 627.25 FT OF WLY 668.02 FT OF ELY 1336.02 FT OF NW 1/4
    Tax Annual Amount
    32183

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well
    Water front
    1

    We can help!

    Listing Contact
    Ryan Jabbour
    Ryan Jabbour

    Listing agent Ryan Jabbour License #3490105

    Listing office Keller Williams Realty Boca Raton 7280 W Palmetto Park Road Suite 110, Boca Raton, FL

    Listing date Jun 3, 2026

    MLS# B26036222 Listing URL

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

    HighLights

    • 9.54‑acre corner lot with industrial‑style warehouse and additional standalone building
    • Warehouse features multiple oversized roll‑up bay doors for easy vehicle and delivery access
    • High ceilings and durable concrete flooring with an open layout for storage, distribution, or light manufacturing use
    • Interior includes shelving, workspace areas, and equipment zones, plus partially built‑out spaces with framed walls, exposed beams, and installed drywall
    • Separate standalone building can be used for administrative offices or client‑facing workspace
    • Chain‑link fencing with utilities available: electricity, well water, and septic tank

    Overview

    The property is an industrial-style warehouse compound designed for flexible operations, featuring multiple oversized roll-up bay doors, high ceilings, and durable concrete flooring. The interior is largely open and includes existing improvements such as shelving plus dedicated workspace and equipment zones. In addition to the main warehouse area, there are attached and adjacent interior spaces that are partially built out, with framed walls, exposed beams, and installed drywall, providing a foundation for offices, studios, showrooms, or specialized production areas.

    The site sits on a 9.54-acre corner lot with mature trees and tropical landscaping, creating a more private, park-like setting. Wide driveways and open access points support straightforward movement of vehicles, equipment, and deliveries. Zoning is listed as AR.

    This compound can fit tenants or owners seeking an industrial footprint with the ability to expand or tailor interior spaces to their operating needs. The separate standalone building offers an additional option for administrative or client-facing use, or for separating business management from day-to-day warehouse activity. For buyers and operators, the combination of existing warehouse infrastructure and partially completed interior areas can support a range of storage, contractor, or light industrial approaches while leaving room for customization.
    Property Profile 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.

    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?
    Warehouse - Industrial-style warehouse with oversized roll-up bays, partial interior build-out, and a separate office building on a corner lot.
    Where is this warehouse located?
    The property is located at 10689 Heritage Farms Road 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 with industrial‑style warehouse and additional standalone building; Warehouse features multiple oversized roll‑up bay doors for easy vehicle and delivery access; High ceilings and durable concrete flooring with an open layout for storage, distribution, or light manufacturing use
    (561) 599-3917
    We can help!
    Listing Contact
    Ryan Jabbour
    Ryan Jabbour
    Real Estate License ID: 3490105
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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.

    More about this property
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