Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Lake Worth Beach Suites Title is generated by Realmo AI

    605 Lake Ave, Lake Worth, FL 33460

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office suites for rent in downtown Lake Worth.

    Type:Retail, Office
    Added:
    May 17, 2024
    Days on Market:
    726
    Last Refresh:
    Mar 19 at 8:04 pm

    Property Features for 605 Lake Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    We can help!

    Listing Contact
    Victoria Ashrapova

    Listing agent Victoria Ashrapova License #3443113

    Listing office Peters Realty

    Listing date May 17, 2024

    Source Crexi

    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 Peters Realty

    HighLights

    • Prime Downtown Lake Worth Beach location: Close to restaurants, retail stores, and art galleries.
    • All‑inclusive monthly rent: $1,100 covers electric, water, sewer, wireless internet, and garbage.
    • 24‑hour access: Provides flexibility and convenience.
    • Free downtown parking: Eliminates parking fees and meter hassles.
    • Shared kitchenette: Offers a convenient amenity for tenants.
    • Ideal for business owners: Perfect for establishing a business in a vibrant area.

    Overview

    Located in downtown Lake Worth Beach, these suites offer 24-hour access and include electric, water, sewer, wireless internet, and garbage services in the monthly rent of $1,100. A shared kitchenette is available. The location is convenient to restaurants, retail stores, and art galleries. Downtown parking is free. A minimum one-year lease is required, with first, last, and security deposit due upon move-in. These suites are suitable for retail or office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goodwin Firm Law Firm Florida Hair Care Hair Salon The Beauty Suites of Lake ... Hair Salon The Pearly Pro Dental Office Monti Beauty Aesthetic ... Spa & Massage Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    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
    -80.0546971
    Latitude
    26.6155676

    Nearby Similar for Lease

    • $32 SF/Yr

      Lake Worth Beach Commercial Space

      Air-conditioned warehouse space suitable for storage or small business.
      2605 Kelly Lane, Lake Worth Beach, FL 33460
      View Details
    • $30 SF/Yr

      Prime Downtown Lake Worth Retail

      High-traffic retail space in central Lake Worth Beach.
      500 Lake Avenue, Lake Worth Beach, FL 33460
      View Details
    • $6 SF/Yr

      Lake Worth Office Space Available

      Office space for lease on Military Trail Blvd in Lake Worth.
      3379 S Military Trail, Lake Worth, FL 33463
      View Details
    • $2,800/Mo

      Lake Worth Beach Office Space

      Second floor office space suitable for startups and call centers.
      1776 Lake Worth Road, Lake Worth Beach, FL 33460
      View Details
    • Contact for pricing

      Retail Space in College Park

      Prime retail space with high visibility and flexible layout.
      2101 N Dixie Hwy 2101, Lake Worth Beach, FL 33460
      View Details
    • Contact for pricing

      Medical/Professional Space in Lake Worth

      Turnkey medical/professional space in revitalizing Lake Worth Beach.
      1708 N Federal Hwy 1st Floor, Lake Worth Beach, FL 33460
      View Details
    • $950/Mo

      Professional Office Space For Rent

      High-visibility office space with ample parking and functional layout.
      1315 N Dixie Hwy 4, Lake Worth Beach, FL 33460
      View Details
    • Contact for pricing

      Spacious Second Floor Office Space

      1200 sq ft office space available for rent.
      1776 Lake Worth Rd B, Lake Worth Beach, FL 33460
      View Details
    • $1,250/Mo

      Lake Worth Commercial Flex Space

      Flex space available for lease in Lake Worth, Florida.
      3141 S Military Trail, Lake Worth, FL 33463
      View Details
    • Contact for pricing

      Prime Downtown Lake Worth Retail

      2,000 SF end cap space in downtown Lake Worth.
      500 Lk Ave, Lake Worth Beach, FL 33460
      View Details
    • $27 SF/Yr

      Medical Office Space Available

      B+ medical office space with on-site surgery center.
      7408 Lake Worth Rd, Lake Worth, FL
      View Details
    • $26 SF/Yr

      Industrial Warehouse Near I-95

      Spacious warehouse near I-95, Palm Beach Airport, and Port.
      1815 10th Ave N C, Lake Worth Beach, FL 33461
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office suites for rent in downtown Lake Worth.
    Where is this retail space located?
    The property is located at 605 Lake Ave Lake Worth, FL.
    What are key features of this property?
    This property features: Prime Downtown Lake Worth Beach location: Close to restaurants, retail stores, and art galleries.; All‑inclusive monthly rent: $1,100 covers electric, water, sewer, wireless internet, and garbage.; 24‑hour access: Provides flexibility and convenience.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Victoria Ashrapova
    Real Estate License ID: 3443113
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    605 Lake Ave, Lake Worth Beach, FL 33460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!