Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3703-3729 Lk Worth Rd Palm Springs, FL

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr ($2,001 /Mo)

    Retail space available near Interstate 95 and Palm Beach College.

    Property size:
    1,201 SF
    Lot size:
    1.44 Acres

    Property Features for 3703-3729 Lk Worth Rd

    General Information

    Size
    1,201 SF
    Lot size
    1.44 Acres

    We can help!

    Listing Contact
    Bryan Cohen
    Source: Moodyscre

    Listing Agent: Bryan Cohen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near Interstate 95

    This retail space is located approximately two miles from Interstate 95 and less than one mile from Palm Beach State College. The property benefits from high traffic volume, with approximately 39,516 cars passing the site daily. The property offers 1201 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0961538
    Latitude
    26.6359009

    Nearby Similar for Lease

    • Contact for pricing
      1,700 SF

      Retail Space in Palm Springs

      Retail space available in Palm Springs Plaza shopping center.
      3349 S Congress Ave, Palm Springs, FL
      View Details
    • $3,755 /Mo

      Palm Springs Professional Office Suites

      Flexible office spaces in high-traffic Palm Springs corridor.
      2328 B, Palm Springs, FL 33406
      View Details
    • Contact for pricing
      131,200 SF

      Forest Hill Blvd Retail Center

      Prime Palm Springs Retail Space Available
      4560 Frst Hl Blvd, Palm Springs, FL 33415
      View Details
    • $32 SF/Yr
      23,575 SF

      Cedar Square Office Suites

      West Palm Beach medical & office space
      2112 Congress Ave, Palm Springs, FL 33406
      View Details
    • $32 SF/Yr
      2,274 SF

      Updated Office Space Available

      Recently renovated office space with modern upgrades and security features.
      2112 S Congress Ave, Palm Springs, FL
      View Details
    • Contact for pricing
      3,236 SF

      Medical Office Space Available

      Divisible medical office space with tenant improvement allowance.
      1630 S Congress Ave, Palm Springs, FL
      View Details
    • Contact for pricing
      1,407 SF

      Retail Space in Palm Springs

      Publix and Beall's outlet anchored neighborhood shopping center.
      1666-1756 S Congress Ave, Palm Springs, FL
      View Details
    • $28 SF/Yr
      1,602 SF

      Medical Office Space Available

      Corner medical office with exam rooms and exclusive X-ray room.
      2889 10 Ave N, Palm Springs, FL
      View Details
    • Contact for pricing
      10,000 SF

      Palm Springs Office Space Available

      10,000 square foot office space for rent.
      4665 S Congress Ave, Palm Springs, FL
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available near Interstate 95 and Palm Beach College.
    Where is this retail space located?
    The property is located at 3703-3729 Lk Worth Rd Palm Springs, FL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - High traffic count (approximately 39,516 cars daily); - Close proximity to Interstate 95 (2 miles); - Near Palm Beach State College (less than 1 mile)
    (561) 421-8805
    Request Owner's contact information
    3703-3729 Lk Worth Rd Palm Springs, FL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3703-3729 Lk Worth Rd
    Palm Springs, FL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3703-3729 Lk Worth Rd Palm Springs, FL
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bryan Cohen
    Real Estate License ID: BK667105
    (561) 421-8805
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.