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

    416 S L St, Unit 416 Lake Worth, FL 33460

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,998 /Mo

    Updated 2-bedroom cottage in vibrant downtown Lake Worth Beach.

    Lot size:
    0.15 Acres

    Property Features for 416 S L St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1925

    We can help!

    Listing Contact
    Cesar Linares
    Source: Elliman

    Listing Agent: Cesar Linares

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

    Learn more

    Overview

    Charming Historic Cottage Near Downtown

    This updated 2-bedroom, 1-bath historic cottage is located in Downtown Lake Worth Beach, four blocks from the downtown district. The property features original hardwood floors, architectural details, new appliances, and an in-unit washer and dryer. The cottage is filled with natural light and character. The location provides access to restaurants, cafes, live music, art galleries, and the beach. This property is suitable as a creative retreat, a seasonal escape, or a long-term rental.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    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
    -80.054375
    Latitude
    26.6103892

    Nearby Similar for Lease

    • $1,460,000
      5,259 SF

      Retail/Warehouse Space in Lake Worth

      Retail/warehouse space with residential property near downtown and I-95.
      922/928 S Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $15,000 /Mo
      700 SF

      Wellington Preserve Equestrian Facility

      Equestrian facility with stalls and shared amenities for seasonal rental.
      5181 Lasso Way, Lake Worth, FL 33449
      View Details
    • $450,000
      720 SF

      Turnkey Medical Office Condo

      Move-in ready medical office condo in Wellington, Florida.
      3319 S State Road 7, Lake Worth, FL 33449
      View Details
    • $1,699,000
      3,096 SF

      Versatile Space in Entertainment District

      Flexible commercial space near Lake Worth Beach's vibrant district.
      Lk Worth Bch, Lake Worth, FL 33460
      View Details
    • $1,625 /Mo
      4,158 SF

      Equestrian Barn with 10 Stalls

      Gated Wellington barn with stalls, paddocks, and riding ring.
      11861 Hawk Holw, Lake Worth, FL 33449
      View Details
    • $3,000 /Mo
      1,520 SF

      Palm Springs Medical Office Space

      Ready-to-occupy medical office space in Palm Springs, Florida.
      2889 10Th Ave N, Lake Worth, FL 33461
      View Details
    • New
      $30 SF/Yr
      3,971 SF

      Prime Downtown Lake Worth Retail

      High-traffic retail space in central Lake Worth Beach.
      500 Lake Ave, Lake Worth, FL 33460
      View Details
    • $6 SF/Yr
      4,864 SF

      Lake Worth Office Space Available

      Newly renovated office space for lease on Military Trail Blvd.
      3379 S Military Trl, Lake Worth, FL 33463
      View Details
    • $668,000
      2,226 SF

      Commercial Space with Residential Home

      Commercial space with residential home in Lake Worth Beach, FL.
      922 S Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $16,850 /Mo
      3,500 SF

      Equestrian Facility Seasonal Rental

      Equestrian facility for seasonal rental near WEF.
      6149 Park Ln E, Lake Worth, FL 33449
      View Details
    • $6,150 /Mo
      22,067 SF

      Lake Worth Road Stand-Alone Building

      One-story building on Lake Worth Road available for lease.
      1744 Lake Worth Rd, Lake Worth, FL 33460
      View Details
    • $792,000
      2,639 SF

      Retail, Warehouse Space with Apartment

      Retail/warehouse space with an upstairs 3BR apartment near downtown.
      928 S Dixie Hwy, Lake Worth, FL 33460
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated 2-bedroom cottage in vibrant downtown Lake Worth Beach.
    Where is this duplex located?
    The property is located at 416 S L St, Unit 416 Lake Worth, FL.
    What are key features of this property?
    This property features: - Prime Downtown Lake Worth Beach Location: Just four blocks from restaurants, cafes, live music, art galleries, and the beach.; - Updated Historic Cottage: Blends Old Florida charm with modern updates and new appliances.; - Original Hardwood Floors and Architectural Details: Offers character and timeless appeal.
    (954) 969-9221
    Request Owner's contact information
    416 S L St, Unit 416 Lake Worth, FL 33460
    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.
    416 S L St, Unit 416
    Lake Worth, FL 33460
    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
    416 S L St, Unit 416 Lake Worth, FL 33460
    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
    Cesar Linares
    (954) 969-9221
    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.