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    8961 Hypoluxo Rd Lake Worth, FL 33467

    Sponsored
    For Sale
    $3,000,000

    Lake Worth, FL storefront, high ROI.

    Property size:
    5,349 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,349 square foot Class A retail storefront, located at 8961 Hypoluxo Road in Lake Worth, Florida, presents a compelling value-add investment opportunity. The property boasts four separately leased units, currently operating at 100% occupancy with a remaining lease term of three years. Each unit contributes to a strong net operating income (NOI) of $212,000, yielding a current cap rate of 6.20% and a pro-forma cap rate of 7.07%. The asking price is $3,000,000, translating to $560.85 per square foot. Situated on a 1.12-acre lot, this free-standing building offers 20 parking spaces and benefits from its prime corner location at the intersection of Hypoluxo Road and Lyons Road, within a shopping center anchored by Publix and other established businesses. The property is zoned MUPD (Multiple Use Planned Dev) in unincorporated Palm Beach County, offering flexibility for future development. This fee-simple ownership provides a stable, multi-tenant income stream with significant upside potential. The well-maintained exterior and spacious, well-designed units ensure continued tenant satisfaction and long-term value. The convenient location provides easy access to major highways, shopping, dining, and other amenities, making it highly desirable for both tenants and investors. This is a rare opportunity to acquire a high-performing retail property in a thriving market.

    Property Features for 8961 Hypoluxo Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,349 SF
    Class
    A
    Lot Size
    48,787 SF

    Building Details

    Units
    4

    HighLights

    • 5,349 SF Class A retail storefront in Lake Worth, FL, offering a value‑add investment opportunity.
    • Located in a busy shopping center anchored by Publix, at a prime corner lot with high visibility.
    • Zoned MUPD (Multiple Use Planned Dev) in unincorporated Palm Beach County, allowing for future development flexibility.
    • Ample parking with 20 spaces available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Partners In Motion Physical Therapy Clinic Joanne DeFrisco Real Estate Consultant Elaine Jacobson, Realtor, ... Real Estate Agent Michael Porcelli Realtor Real Estate Agents EXIT Realty Premier ... Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1884219
    Latitude
    26.5681598

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    FAQs

    What type of property is this?
    Individual retail property - Lake Worth, FL storefront, high ROI.
    Where is this individual retail property located?
    The property is located at 8961 Hypoluxo Rd Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 5,349 SF Class A retail storefront in Lake Worth, FL, offering a value-add investment opportunity.; Located in a busy shopping center anchored by Publix, at a prime corner lot with high visibility.; Zoned MUPD (Multiple Use Planned Dev) in unincorporated Palm Beach County, allowing for future development flexibility.
    Request Owner's contact information
    8961 Hypoluxo Rd Lake Worth, FL 33467
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8961 Hypoluxo Rd Lake Worth, FL 33467
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