Tenant-Occupied
For Sale
Contact for pricing
706 S F St, Lake Worth, FL 33460
Three separate units are currently occupied, with property access coordinated by appointment.
Property Size3,139 SF
Price / SF$219.82
Days on Market136
Property Features for 706 S F St
General Information
Standard status
Active
Size
3,139 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
MF-30 (c
Additional Details
Multifamily Units
3
Building Details
Year Built
1957
Listing Agency:
LoKation
Listed By:
Odalys Martinez Mercado · License #3330424
(754) 777-3233
Source:
Crexi
Added: Apr 20
Changed: Aug 31
Last Checked: Aug 30 at 10:05PM
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 LoKation
Investment Insights
Based on property information with market context.
This 2,567-square-foot triplex contains three separate units and was built in 1957. Each unit is currently occupied by a tenant, so property access requires advance coordination.
The property is located at 706 South F Street in Lake Worth, Florida, near major roadways, shopping, and local amenities. Showings are available by appointment, with tenant privacy to be respected during visits.
The property is located at 706 South F Street in Lake Worth, Florida, near major roadways, shopping, and local amenities. Showings are available by appointment, with tenant privacy to be respected during visits.
Key Highlights
- Three separate units within a triplex
- Currently tenant‑occupied
- 2,567 square feet
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
$52,327
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
7.58%
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%
$1,046,540
$1.0M
Cap Rate 7%
$747,529
$747.5K
Cap Rate 9%
$581,411
$581.4K
Market Conditions
NOI Build-Up for 3,139 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
$79.1K $25.20/SF
− Vacancy
−$4.4K −$1.39/SF
EGI
$74.8K $23.81/SF
− OpEx
−$22.4K −$7.14/SF
NOI
$52.3K $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%
$1,046,540
Cap Rate 7%
$747,529
Cap Rate 9%
$581,411
Alternative Uses
Best Use
Multifamily LT 5
$747.5K
$654.1K – $872.1K
NOI $52,327 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$689.7K
$603.5K – $804.6K
NOI $48,276 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,746 @ 7.0% cap · market cap 22.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,212
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate units are currently occupied, with property access coordinated by appointment.
Where is this triplex located?
The property is located at 706 S F St Lake Worth, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Three separate units within a triplex; Currently tenant‑occupied; 2,567 square feet
