Lake Worth Mixed-Use
For Sale
$3,500,000
800 Lake Ave, Lake Worth, FL 33460
Multi-tenant property in historic downtown Lake Worth Beach.
Property Size9,750 SF
Price / SF$358.97
Days on Market274
Property Features for 800 Lake Ave
General Information
Standard status
Active
Size
9,750 SF
Property subtype
Retail
Building Details
Building Size
9,750 SF
Listing Agency:
Lee & Associates | Broward/Palm Beach
(561) 414-8567
Listed By:
C. Todd Everett, SIOR · License #SL3265231
(561) 414-8567
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 22
Last Checked: Aug 26 at 7:31AM
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 Lee & Associates | Broward/Palm Beach
Investment Insights
Based on property information with market context.
This 9,750 square foot multi-tenant mixed-use property is located in the heart of historic downtown Lake Worth Beach. The property benefits from its corner location on Lake Avenue and N J Street, offering exceptional frontage. The ground floor features high-street retail space, currently vacant, with retail storefront windows, a walk-in refrigerator, a kitchen sink for food preparation, and a small outdoor patio seating area. The second floor contains multifamily units that can be converted into office suites. The property benefits from ample street parking and proximity to free public parking lots. The area hosts annual events such as the Street Painting Festival and Reggae Fest, as well as monthly farmers markets, art walks, and street festivals. The property is surrounded by galleries, theaters, and live music venues, and is within walking distance of beaches and parks. The ground floor retail space is suited for an owner-user or investor seeking upside potential. The property is located in a walkable, pedestrian-friendly setting with high pedestrian traffic.
Key Highlights
- Prime location in the heart of Historic Downtown Lake Worth Beach with exceptional corner frontage on Lake Avenue, ensuring high visibility and foot traffic.
- 9,750 SF multi‑tenant mixed‑use property offering versatile investment potential with retail and multifamily components.
- Vacant ground floor retail space ideal for an owner‑user or investor seeking upside potential in a high‑demand area.**
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
$168,188
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
4.81%
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%
$3,363,760
$3.4M
Cap Rate 7%
$2,402,686
$2.4M
Cap Rate 9%
$1,868,756
$1.9M
Market Conditions
NOI Build-Up for 9,750 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
$292.5K $30.00/SF
− Vacancy
−$23.4K −$2.40/SF
EGI
$269.1K $27.60/SF
− OpEx
−$100.9K −$10.35/SF
NOI
$168.2K $17.25/SF
Area
Palm Beach County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,363,760
Cap Rate 7%
$2,402,686
Cap Rate 9%
$1,868,756
Alternative Uses
Best Use
Mixed Use
$2.40M
$2.10M – $2.80M
NOI $168,188 @ 7.0% cap · market cap 4.81%
Second Best
Retail
$2.36M
$2.06M – $2.75M
NOI $164,865 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$6.87M
$6.01M – $8.01M
NOI $480,655 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,994
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?
Mixed-use property - Multi-tenant property in historic downtown Lake Worth Beach.
Where is this mixed-use property located?
The property is located at 800 Lake Ave Lake Worth, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Prime location in the heart of Historic Downtown Lake Worth Beach with exceptional corner frontage on Lake Avenue, ensuring high visibility and foot traffic.; 9,750 SF multi‑tenant mixed‑use property offering versatile investment potential with retail and multifamily components.; Vacant ground floor retail space ideal for an owner‑user or investor seeking upside potential in a high‑demand area.**
