Fenced Residential Income
For Sale
$640,000
4258 Coconut Road, Lake Worth, FL 33461
Central electric air conditioning and a fenced exterior support practical residential use.
Property Size1,902 SF
Price / SF$408.68
Days on Market181
Property Features for 4258 Coconut Road
General Information
Standard status
Active
Size
1,902 SF
Property subtype
Residential Income
Zoning
RM—MULTI-FAMILY
Net Operating Income
$43,041
Taxes and HOA fees
Annual Taxes
$8,158
Amenities
Central Air, Electric
Central, Electric
Fenced
Building Details
Building Size
1,902 SF
Year Built
1959
Stories
1
Listing Agency:
(561) 628-3404
Listed By:
Arlet Eugene
(561) 628-3404
Source:
Evrealestate
Added: Mar 5
Changed: Aug 30
Last Checked: Aug 31 at 2:52PM
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 Arlet Eugene
Investment Insights
Based on property information with market context.
This residential income property at 4258 Coconut Road in Lake Worth, Florida, offers 1,566 square feet of interior space. Built in 1959, the property includes central electric air conditioning and a fenced exterior.
The site is zoned RM—MULTI-FAMILY. Access is provided from Lake Worth Road west of Congress Avenue, with the route continuing south on Coconut Road. The property is located in Palm Beach County.
The site is zoned RM—MULTI-FAMILY. Access is provided from Lake Worth Road west of Congress Avenue, with the route continuing south on Coconut Road. The property is located in Palm Beach County.
Key Highlights
- 1,566 square feet of property size
- RM—MULTI‑FAMILY zoning
- Central electric air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,105
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,100
$522.1K
Cap Rate 7%
$372,929
$372.9K
Cap Rate 9%
$290,056
$290.1K
Market Conditions
NOI Build-Up for 1,566 SF
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.
Gross rent
$39.5K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.3K $23.81/SF
− OpEx
−$11.2K −$7.14/SF
NOI
$26.1K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,100
Cap Rate 7%
$372,929
Cap Rate 9%
$290,056
Alternative Uses
Best Use
Multifamily LT 5
$372.9K
$326.3K – $435.1K
NOI $26,105 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.4K
NOI $24,084 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.10M
$965.0K – $1.29M
NOI $77,201 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Central electric air conditioning and a fenced exterior support practical residential use.
Where is this residential income property located?
The property is located at 4258 Coconut Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 1,566 square feet of property size; RM—MULTI‑FAMILY zoning; Central electric air conditioning
