Lake Worth Flex/Industrial
For Sale
Contact for pricing
1937 10th Ave N, Lake Worth, FL
9,290 SF flex/industrial building for sale in Lake Worth.
Property Size9,290 SF
Lot Size4.39 Acres
Price / SF$242.20
Days on Market916
Property Features for 1937 10th Ave N
General Information
Standard status
Active
Size
9,290 SF
Lot size
4.39 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Strategic Realty Services LLC
Listed By:
Douglas L. DeSantis
(561) 471-5353
Source:
Moodyscre
Added: Mar 5, 2024
Changed: Aug 8
Last Checked: Sep 7 at 5:13AM
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 Strategic Realty Services LLC
Investment Insights
Based on property information with market context.
A 9,290 square foot flex/industrial property is available for sale. The property is located in Lake Worth, Florida.
Key Highlights
- 9,290 SF flex/industrial building
- For sale
- Located in Lake Worth
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
$204,343
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
9.08%
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%
$4,086,860
$4.1M
Cap Rate 7%
$2,919,186
$2.9M
Cap Rate 9%
$2,270,478
$2.3M
Market Conditions
NOI Build-Up for 9,290 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
$334.4K $36.00/SF
− Vacancy
−$20.1K −$2.16/SF
EGI
$314.4K $33.84/SF
− OpEx
−$110.0K −$11.84/SF
NOI
$204.3K $22.00/SF
Area
Palm Beach County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
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%
$4,086,860
Cap Rate 7%
$2,919,186
Cap Rate 9%
$2,270,478
Alternative Uses
Best Use
Flex RnD
$2.92M
$2.55M – $3.41M
NOI $204,343 @ 7.0% cap · market cap 9.08%
Second Best
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,292 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$6.54M
$5.72M – $7.63M
NOI $457,978 @ 7.0% cap · market cap 20.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 9,290 SF flex/industrial building for sale in Lake Worth.
Where is this flex space located?
The property is located at 1937 10th Ave N Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9,290 SF flex/industrial building; For sale; Located in Lake Worth
