Office Unit with Reception
For Sale
Contact for pricing
217 S FEDERAL Highway, Lake Worth, FL 33460
Updated interior supports private offices, a conference room, and professional reception space.
Property Size1,916 SF
Price / SF$2.51
Days on Market91
Property Features for 217 S FEDERAL Highway
General Information
Standard status
Active
Size
1,916 SF
Total Parking Spaces
4
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Amenities
tropical landscaping
Building Details
Year Built
1926
Listing Agency:
Florida Living Realty
(772) 546-7006
Listed By:
Tiffnie Robertson · License #3265255
(561) 329-0578
Source:
Lehmannflorida
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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 Florida Living Realty
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Investment Insights
Based on property information with market context.
This office property, built in 1926, combines a distinctive older structure with several recent improvements. The interior includes an inviting entry and reception area, closet storage, and a layout that can accommodate up to 3 private offices or a conference room paired with 2 private offices. Recent work includes a new roof, new A/C, and new plumbing, complemented by tropical landscaping.
The property offers convenient access to I-95, US1, and South Palm Beach Island. On-site parking accommodates 3 to 4 vehicles, with additional free street parking available on bordering side streets. The surrounding historic downtown area is walkable and includes restaurants, shops, and entertainment.
The property offers convenient access to I-95, US1, and South Palm Beach Island. On-site parking accommodates 3 to 4 vehicles, with additional free street parking available on bordering side streets. The surrounding historic downtown area is walkable and includes restaurants, shops, and entertainment.
Key Highlights
- Up to 3 private offices or a conference room plus 2 private offices
- New roof, new A/C, and new plumbing
- On‑property parking for 3 to 4 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,784
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,680
$1.0M
Cap Rate 7%
$725,486
$725.5K
Cap Rate 9%
$564,267
$564.3K
Market Conditions
NOI Build-Up for 1,916 SF
Gross rent
$87.4K $45.60/SF
− Vacancy
−$19.7K −$10.26/SF
EGI
$67.7K $35.34/SF
− OpEx
−$16.9K −$8.84/SF
NOI
$50.8K $26.51/SF
Area
Palm Beach County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,680
Cap Rate 7%
$725,486
Cap Rate 9%
$564,267
Alternative Uses
Best Use
Office B
$725.5K
$634.8K – $846.4K
NOI $50,784 @ 7.0% cap · market cap 1,058.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,455 @ 7.0% cap · market cap 1,967.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
Explore this area
Business Placement
Demographics for 33460, FL
36,409
Population
14,769
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
4.7 sq mi
ZIP Area
7,747
Density / Sq Mi
$61,702
Median Household Income
$32,388
Median Earnings
$1,411
Median Rent
$333,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Updated interior supports private offices, a conference room, and professional reception space.
Where is this office unit located?
The property is located at 217 S FEDERAL Highway Lake Worth, FL.
What are key features of this property?
This property features: Up to 3 private offices or a conference room plus 2 private offices; New roof, new A/C, and new plumbing; On‑property parking for 3 to 4 vehicles
