Two-Room Office
4736 Lake Worth Road, Greenacres, FL 33463
For Sale
$775,000
Commercial zoning and on-site storage support office, retail, showroom, and service business use.
Property Size840 SF
Price / SF$922.62
Days on Market57
Property Features for 4736 Lake Worth Road
General Information
Standard status
Size
Property subtype
Additional Details
Traffic Count
Office Units
Property Use
Building Details
Year Built
Listing Agency:
Blue Line Realty
(954) 608-0264
Listed By:
Raul Emmanuel Rivera · License #3422230
(954) 579-4128
Source:
Miznerpartners
Added: Sep 12
Changed: Nov 6
Last Checked: Nov 6 at 2:44PM
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 Blue Line Realty
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Investment Insights
Based on property information with market context.
This office property contains two office spaces, one full bathroom, and storage. The building was constructed in 1955 and is identified as 840 square feet. Commercial zoning supports a range of business uses, including professional offices, retail, contractor offices, showrooms, storage, and service businesses.
The property sits on a lot of almost half an acre, with room for expansion or additional parking for company vehicles. It fronts Lake Worth Road near Military Trail, where the surrounding area sees approximately 85,000 cars per day.
The property sits on a lot of almost half an acre, with room for expansion or additional parking for company vehicles. It fronts Lake Worth Road near Military Trail, where the surrounding area sees approximately 85,000 cars per day.
Key Highlights
- Two office spaces and one full bathroom
- 840‑square‑foot building constructed in 1955
- Commercial zoning; suitable for office, retail, contractor, showroom, storage, or service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,264
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,280
$445.3K
Cap Rate 7%
$318,057
$318.1K
Cap Rate 9%
$247,378
$247.4K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$38.3K $45.60/SF
− Vacancy
−$8.6K −$10.26/SF
EGI
$29.7K $35.34/SF
− OpEx
−$7.4K −$8.84/SF
NOI
$22.3K $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%
$445,280
Cap Rate 7%
$318,057
Cap Rate 9%
$247,378
Alternative Uses
Best Use
Office B
$318.1K
$278.3K – $371.1K
NOI $22,264 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$202.9K
$177.6K – $236.7K
NOI $14,204 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$591.6K
$517.6K – $690.2K
NOI $41,410 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
85,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 33463, FL
64,608
Population
22,696
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
10.8 sq mi
ZIP Area
5,982
Density / Sq Mi
$68,697
Median Household Income
$34,846
Median Earnings
$1,721
Median Rent
$326,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Palm Beach County, FL
Properties on Market for Office Units in Palm Beach County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial zoning and on-site storage support office, retail, showroom, and service business use.
Where is this office unit located?
The property is located at 4736 Lake Worth Road Greenacres, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two office spaces and one full bathroom; 840‑square‑foot building constructed in 1955; Commercial zoning; suitable for office, retail, contractor, showroom, storage, or service uses
