Search
1103 5th Ave N, Lake Worth, FL, 33460
Multi-Tenant Warehouse in Lake Worth

1103 5th Ave N Lake Worth, FL 33460

For Sale
$2,150,000

10,200 SF multi-tenant warehouse property with 21 small bay units.

Property Size10,200 SF
Price / SF$210.78
Days on Market106

Property Features for 1103 5th Ave N

General Information

Standard status
Active
Size
10,200 SF
Property subtype
Warehouse

Building Details

Year Built
1965
Listing Agency:
Listed By: Ryan T. Shaw · License #License(s): FL: SL3046910
Source: Marcusmillichap
Added: Apr 10 Changed: Jul 10 Last Checked: Jul 24 at 4:42AM

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 Ryan T. Shaw


Investment Insights

Based on property information with market context.

Located at 1103 5th Avenue N in Lake Worth Beach, Florida, this 10,200-square-foot multi-tenant warehouse property features 21 small bay units. The property is designed for flexibility and consistent tenant demand, accommodating a variety of local service businesses, contractors, and storage users. It benefits from a functional layout and convenient access to major Palm Beach County thoroughfares. The property is situated within the Artisanal Industrial (AI) zoning district established by Lake Worth Beach, which fosters its expanding arts and maker economy. This zoning designation permits small-scale, creative production activities consistent with the city’s cultural identity. It is also compatible with nearby residential and mixed-use areas, encouraging the reuse of older buildings and attracting modern tenants such as studios, workshops, and small-scale manufacturers. The property is located in Lake Worth Beach, an emerging coastal market in Palm Beach County known for its revitalized downtown, diverse population, and growing small-business ecosystem. The city has experienced a steady resurgence driven by its Community Redevelopment Agency, which has helped transform key corridors like Dixie Highway and the downtown core into a walkable hub of art galleries, restaurants, and local retailers. Ongoing public and private investment, including mixed-use redevelopment, affordable housing initiatives, and large-scale projects such as proposed oceanfront hotel and resort developments, are positioning Lake Worth as a value-oriented alternative to higher-priced neighboring markets like West Palm Beach and Delray Beach.

Key Highlights

  • Value‑add opportunity with mark‑to‑market rental upside.
  • Located in the Artisanal Industrial (AI) zoning district.
  • Features 21 small bay units designed for flexibility.

Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $166.5k $16.32
− Vacancy −$9.2k −$0.90
EGI $157.3k $15.42
− OpEx −$23.6k −$2.31
NOI $133.7k $13.11
10,200 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$1.91M
$1.67M – $2.23M (±1% cap)
NOI $133,712 @ 7.0% cap · market cap 6.22%
Second Best
Industrial
$1.57M
$1.38M – $1.84M (±1% cap)
NOI $110,116 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$7.18M
$6.29M – $8.38M (±1% cap)
NOI $502,839 @ 7.0% cap · market cap 23.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Oscar auto body ... Auto Repair Shop

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Fish Market (Bike/Boat/Book/etc) Store Restaurant Coworking & Hybrid Office Parking Lot & Garage Clothing & Fashion Store Pet Store & Service

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

Similar Off Market Nearby

  • Proficient Towing and Transport Inc. — 2139 2nd Ave N, Lake Worth, FL 33460, United States
  • Old Mill Moving & Storage Inc — 120 n k st, lake worth, fl 33460
  • Self Storage Association — 202 Federal Hwy, Lake Worth Beach, FL 33460
  • Move Safe Relocation — 811 Lucerne Ave, Lake Worth Beach, FL 33460
  • Foremost Moving And Storage INC — 616 Lucerne Ave, Lake Worth, FL 33460

FAQs

What type of property is this?
Warehouse - 10,200 SF multi-tenant warehouse property with 21 small bay units.
Where is this warehouse located?
The property is located at 1103 5th Ave N Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Value‑add opportunity with mark‑to‑market rental upside.; Located in the Artisanal Industrial (AI) zoning district.; Features 21 small bay units designed for flexibility.
More about this property
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