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    Light Industrial Condo Near I95 Title is generated by Realmo AI

    3677 23 Ave S B104, Lake Worth, FL 33461

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    For Sale
    $739,500

    2200 SF flex warehouse with offices near I-95.

    Type:Commercial
    Property size:
    2,200 SF
    Price / SF:
    $336/SF
    Added:
    Apr 24, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 24 at 3:59 pm

    Property Features for 3677 23 Ave S B104

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2007

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    Listing Contact
    Christina H Morrison PA

    Listing agent Christina H Morrison PA

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Christina H Morrison PA

    HighLights

    • Prime location near I95 and Palm Beach International Airport (PBIA).
    • 2,200 SF flex space: 1,600 SF warehouse with overhead door plus 600 SF of office space and restroom.
    • Durable, modern construction: concrete exterior walls, impact‑resistant glass, and wind‑tested overhead doors.
    • Condo fees cover exterior maintenance, water, sewer, and insurance.
    • Strong condo association with no debt and significant reserves.
    • Built in 2007.

    Overview

    This 2200 square foot light industrial condo features 1600 square feet of flexible warehouse space, complemented by a grade-level overhead door. Additionally, the property includes 600 square feet of office space and a restroom. The location offers convenient access to I-95 and Palm Beach International Airport. Constructed with concrete exterior walls, impact-resistant glass doors and windows, and wind-tested overhead doors. The condo fees cover exterior maintenance, water, sewer, and insurance. The association is well-established with no debt and significant reserves. This property is suitable for contractors, distributors, e-commerce businesses, warehousing, and personal storage.

    Local Financial Insights For Office B

    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 $100.3k $45.60
    − Vacancy −$22.6k −$10.26
    EGI $77.7k $35.34
    − OpEx −$19.4k −$8.84
    NOI $58.3k $26.51
    2,200 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $833.0K
    $728.9K – $971.9K (±1% cap)
    NOI $58,311 @ 7.0% cap · market cap 7.89%
    Second Best
    Flex RnD
    $691.3K
    $604.9K – $806.5K (±1% cap)
    NOI $48,391 @ 7.0% cap · market cap 6.54%
    Theoretical Best
    Office A
    $1.55M
    $1.36M – $1.81M (±1% cap)
    NOI $108,455 @ 7.0% cap · market cap 14.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Direct Fabrication Solutions (Bike/Boat/Book/etc) Store The Fitness Center Service ... Big Box & Wholesale Store Choice Pest Control Garden Center Trusted Construction Inc. Construction Company Above and Beyond Pest ... Garden Center

    Suggested Use

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

    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
    -80.0796212
    Latitude
    26.6212863

    FAQs

    What type of property is this?
    Flex space - 2200 SF flex warehouse with offices near I-95.
    Where is this flex space located?
    The property is located at 3677 23 Ave S B104 Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $739,500.
    What are key features of this property?
    This property features: Prime location near I95 and Palm Beach International Airport (PBIA).; 2,200 SF flex space: **1,600 SF warehouse with overhead door plus 600 SF of office space and restroom.**; Durable, modern construction: concrete exterior walls, impact‑resistant glass, and wind‑tested overhead doors.
    More about this property
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