Lake Worth Flex/Industrial
1937 10th Ave N Lake Worth, FL
For Sale
Contact for pricing
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 Market871
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
(561) 471-5353
Listed By:
Douglas L. DeSantis
(561) 471-5353
Source:
Moodyscre
Added: Mar 5, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:16AM
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 For Flex RnD
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 | $334.4k | $36.00 |
| − Vacancy | −$20.1k | −$2.16 |
| EGI | $314.4k | $33.84 |
| − OpEx | −$110.0k | −$11.84 |
| NOI | $204.3k | $22.00 |
9,290 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Midds Inc
Marketing & Advertising
Banyan Printing
Marketing & Advertising
FAQs
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
