Move-In Office Suite with
For Sale
Contact for pricing
9897 Lake Worth Road #302, Wellington, FL 33467
Third-floor office suite offers move-in readiness and window views in an established Wellington business setting.
Property Size24,357 SF
Price / SF$0.27
Days on Market106
Property Features for 9897 Lake Worth Road #302
General Information
Standard status
Active
Size
24,357 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Lily Siu Cho · License #3184720
(561) 452-3909
Source:
Lehmannflorida
Added: Jul 9
Changed: Oct 21
Last Checked: Oct 20 at 10:17PM
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 LPT Realty, LLC
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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 for-sale office suite is described as move-in ready and located on the third floor. Each office includes a window view, providing natural light and visibility from within the space.
The property is positioned less than one mile from the Florida Turnpike and sits at a prominent intersection: Lake Worth Road and State Road 7 (US-441), supporting convenient access and strong on-site visibility.
The suite is offered as a sublease opportunity and is presented for use by a law firm or a property management office, depending on tenant needs.
The property is positioned less than one mile from the Florida Turnpike and sits at a prominent intersection: Lake Worth Road and State Road 7 (US-441), supporting convenient access and strong on-site visibility.
The suite is offered as a sublease opportunity and is presented for use by a law firm or a property management office, depending on tenant needs.
Key Highlights
- Move‑in ready third‑floor office suite
- Office suite includes window views
- Building year built: 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$645,582
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,911,640
$12.9M
Cap Rate 7%
$9,222,600
$9.2M
Cap Rate 9%
$7,173,133
$7.2M
Market Conditions
NOI Build-Up for 24,357 SF
Gross rent
$1.11M $45.60/SF
− Vacancy
−$249.9K −$10.26/SF
EGI
$860.8K $35.34/SF
− OpEx
−$215.2K −$8.84/SF
NOI
$645.6K $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%
$12,911,640
Cap Rate 7%
$9,222,600
Cap Rate 9%
$7,173,133
Alternative Uses
Best Use
Office B
$9.22M
$8.07M – $10.76M
NOI $645,582 @ 7.0% cap · market cap 9,932.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.15M
$15.01M – $20.01M
NOI $1,200,749 @ 7.0% cap · market cap 18,473.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Third-floor office suite offers move-in readiness and window views in an established Wellington business setting.
Where is this office unit located?
The property is located at 9897 Lake Worth Road #302 Wellington, FL.
What are key features of this property?
This property features: Move‑in ready third‑floor office suite; Office suite includes window views; Building year built: 2007
