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    Multi-Tenant Warehouse in Lake Worth Title is generated by Realmo AI

    1103 5th Ave N, Lake Worth, FL 33460

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    For Sale
    $2,500,000

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

    Type:Warehouse
    Property size:
    10,200 SF
    Price / SF:
    $245/SF
    Added:
    Apr 10, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 10 at 8:00 pm

    Property Features for 1103 5th Ave N

    General Information

    Standard status
    Active
    Size
    10,200 SF
    Property subtype
    Warehouse

    Building Details

    Year Built
    1965

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    Listing Contact
    Ryan T. Shaw

    Listing agent Ryan T. Shaw License #License(s): FL: SL3046910

    Listing office

    Listing date Apr 10, 2026

    Source Marcusmillichap

    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

    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.
    • Located in Lake Worth Beach, an emerging coastal market.
    • Functional layout with convenient access to major thoroughfares.
    • Pro‑growth policies and development incentives are attracting businesses.

    Overview

    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.

    Local 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 5.35%
    Second Best
    Industrial
    $1.57M
    $1.38M – $1.84M (±1% cap)
    NOI $110,116 @ 7.0% cap · market cap 4.40%
    Theoretical Best
    Office A
    $7.18M
    $6.29M – $8.38M (±1% cap)
    NOI $502,839 @ 7.0% cap · market cap 20.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Oscar auto body ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0595324
    Latitude
    26.6210914

    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 $2,500,000.
    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
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