Freestanding Office
New
For Sale
$1,399,900
7405 LAKE WORTH Road, Lake Worth, FL 33467
A standalone office property offers contemporary interior finishes and an on-site parking area.
Property Size3,132 SF
Price / SF$446.97
Days on Market6
Property Features for 7405 LAKE WORTH Road
General Information
Standard status
Active
Size
3,132 SF
Property subtype
Office
Additional Details
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$11,022
Building Details
Building Size
3,132 SF
Year Built
1980
Buildings
1
Listing Agency:
Keller Williams Realty - Wellington
Listed By:
Vincent Borriello · License #3417485
(732) 939-7726
Source:
Relinkre
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 25 at 12:29AM
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 Keller Williams Realty - Wellington
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office building contains 3,132 square feet and features modern interior finishes. Built in 1980, the property includes a parking area and a pylon sign.
Situated on Lake Worth Road, the office has frontage along a high-traffic road. The sign provides visibility from the roadway.
Situated on Lake Worth Road, the office has frontage along a high-traffic road. The sign provides visibility from the roadway.
Key Highlights
- 3,132‑square‑foot freestanding office building
- Built in 1980
- Pylon sign along a high‑traffic road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,014
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,280
$1.7M
Cap Rate 7%
$1,185,914
$1.2M
Cap Rate 9%
$922,378
$922.4K
Market Conditions
NOI Build-Up for 3,132 SF
Gross rent
$142.8K $45.60/SF
− Vacancy
−$32.1K −$10.26/SF
EGI
$110.7K $35.34/SF
− OpEx
−$27.7K −$8.84/SF
NOI
$83.0K $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%
$1,660,280
Cap Rate 7%
$1,185,914
Cap Rate 9%
$922,378
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.38M
NOI $83,014 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,401 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 33467, FL
55,813
Population
25,675
Households
2.2
Avg Household Size
50
Median Age
42%
College-Educated
93%
High-School Grad
18.7 sq mi
ZIP Area
2,985
Density / Sq Mi
$93,053
Median Household Income
$50,733
Median Earnings
$1,975
Median Rent
$413,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A standalone office property offers contemporary interior finishes and an on-site parking area.
Where is this office building located?
The property is located at 7405 LAKE WORTH Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: 3,132‑square‑foot freestanding office building; Built in 1980; Pylon sign along a high‑traffic road
