Downtown Mixed-Use
For Sale
$2,400,000
810 Park Avenue, Lake Park, FL 33403
Commercial property positioned within Lake Park’s downtown district, with free public parking nearby.
Property Size8,931 SF
Price / SF$268.73
Days on Market67
Property Features for 810 Park Avenue
General Information
Standard status
Active
Size
8,931 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$32,662
Building Details
Building Size
8,931 SF
Year Built
1967
Listing Agency:
The Keyes Company (PBG)
(561) 371-3787
Listed By:
Robert C Armstrong Jr. · License #3129891
(561) 371-3787
Source:
Pposf
Added: May 30
Changed: Aug 2
Last Checked: Aug 3 at 10:55AM
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 The Keyes Company (PBG)
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 8,931 square feet and was constructed in 1967. Its downtown setting supports a range of commercial configurations within an established building footprint.
The property is located at 810 Park Avenue in Lake Park, Florida, within the community’s downtown district. Free public parking is available nearby, adding a practical amenity for visitors, customers, and occupants.
The property is located at 810 Park Avenue in Lake Park, Florida, within the community’s downtown district. Free public parking is available nearby, adding a practical amenity for visitors, customers, and occupants.
Key Highlights
- 8,931 square feet of mixed‑use commercial space
- Constructed in 1967
- Located in Lake Park’s downtown district
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $267.9k | $30.00 |
| − Vacancy | −$21.4k | −$2.40 |
| EGI | $246.5k | $27.60 |
| − OpEx | −$92.4k | −$10.35 |
| NOI | $154.1k | $17.25 |
8,931 SF · lease $30.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.20M
$1.93M – $2.57M
NOI $154,060 @ 7.0% cap · market cap 6.42%
Second Best
Retail
$2.16M
$1.89M – $2.52M
NOI $151,016 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$6.29M
$5.50M – $7.34M
NOI $440,280 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 33403, FL
13,779
Population
5,906
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
4,175
Density / Sq Mi
$69,050
Median Household Income
$34,019
Median Earnings
$1,426
Median Rent
$340,100
Median Home Value
Market
Properties on Market for Mixed-use properties in Palm Beach County
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property positioned within Lake Park’s downtown district, with free public parking nearby.
Where is this mixed-use property located?
The property is located at 810 Park Avenue Lake Park, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 8,931 square feet of mixed‑use commercial space; Constructed in 1967; Located in Lake Park’s downtown district
