Versatile Mixed-Use
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7408 LAKE WORTH Road, Lake Worth, FL 33467
Medical-office configuration with private rooms, work areas, support spaces, and multiple points of entry along Lake Worth Road.
Property Size31,847 SF
Price / SF$0.00
Days on Market50
Property Features for 7408 LAKE WORTH Road
General Information
Standard status
Active
Size
31,847 SF
Property subtype
Mixed Use
Amenities
1.79 acres, 1 To Less Than 2 Acre Lot
Concrete
Public Sewer, Public Sanitation, Sewer
Parcel Number: 00424428360010000, Annual Amount: $160,795, Legal Description: MARKET MUPD 2 PAR 1 K/A ALL OF PLAT, Year: 2025, Zoning: CG
Tile
Central Air
Central
Listing ID: B26077495, Standard Status: Active, MLS Status: Active, Property Subtype: Mixed Use, On market as of 2026-09-17, 46 days on market, Special Conditions: Lease
50 total parking spaces
Built in 2009, Year Built Details: Resale, Living area units: Square Feet, 1 storey, Construction Materials: Concrete Block Construction
County/Parish: Palm Beach County
Leasable area units: Square Feet
6 units in community
Cable Connected, Electricity Connected, Water Connected, Cable Available, Electricity Available, Water Available, Water Source: Public, Other Electric
Rental Agreement
No Fire Protection, No Security
Building Details
Year Built
2009
Building Size
31,847 SF
Listing Agency:
Keller Williams Realty Boca Ra
(561) 997-0500
Listed By:
Daniel Karp · License #3455075
(516) 241-6914
Source:
Riserealty
Added: Sep 17
Changed: Nov 3
Last Checked: Nov 4 at 4:31PM
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 Boca Ra
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Investment Insights
Based on property information with market context.
This 31,847 SF mixed-use property, built in 2009, is currently arranged for medical office operations. The layout includes private offices, consultation and treatment rooms, larger work areas, kitchen and break spaces, restrooms, storage, and multiple entrances. These improvements provide a varied commercial configuration for professional and service-oriented occupancy, subject to applicable zoning and approvals.
The property is located along Lake Worth Road in Lake Worth, Florida. Planned work includes a refreshed façade, updated landscaping, and improvements to common areas. Its existing room mix and circulation pattern support a range of office-based configurations without relying on a single specialized layout.
The property is located along Lake Worth Road in Lake Worth, Florida. Planned work includes a refreshed façade, updated landscaping, and improvements to common areas. Its existing room mix and circulation pattern support a range of office-based configurations without relying on a single specialized layout.
Key Highlights
- 31,847 SF mixed‑use property built in 2009
- Current medical‑office layout with private offices and consultation/treatment rooms
- Expansive work areas plus kitchen, break spaces, restrooms, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$419,616
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,392,320
$8.4M
Cap Rate 7%
$5,994,514
$6.0M
Cap Rate 9%
$4,662,400
$4.7M
Market Conditions
NOI Build-Up for 31,847 SF
Gross rent
$764.3K $24.00/SF
− Vacancy
−$65.0K −$2.04/SF
EGI
$699.4K $21.96/SF
− OpEx
−$279.7K −$8.78/SF
NOI
$419.6K $13.18/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,392,320
Cap Rate 7%
$5,994,514
Cap Rate 9%
$4,662,400
Alternative Uses
Best Use
Office B
$12.06M
$10.55M – $14.07M
NOI $844,105 @ 7.0% cap · market cap 3,376,420.00%
Second Best
Mixed Use
$7.85M
$6.87M – $9.16M
NOI $549,361 @ 7.0% cap · market cap 2,197,444.00%
Theoretical Best
Office A
$22.43M
$19.62M – $26.17M
NOI $1,569,991 @ 7.0% cap · market cap 6,279,964.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Medical-office configuration with private rooms, work areas, support spaces, and multiple points of entry along Lake Worth Road.
Where is this mixed-use property located?
The property is located at 7408 LAKE WORTH Road Lake Worth, FL.
What are key features of this property?
This property features: 31,847 SF mixed‑use property built in 2009; Current medical‑office layout with private offices and consultation/treatment rooms; Expansive work areas plus kitchen, break spaces, restrooms, and storage
