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    7407 Lake Worth Rd Lake Worth, FL 33467

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    7407 Lake Worth Rd Lake Worth, FL 33467

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    • Retail properties & Spaces
    • 25,878 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7407 Lake Worth Rd

    Year built
    2023
    Property size
    25,878 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Introducing Palms West Professional Plaza, a stunning new Class A commercial development located at 7407 Lake Worth Rd, Lake Worth, FL 33467, within the desirable Wellington submarket cluster of Palm Beach County. This exceptional property boasts two modern buildings, each two stories high, offering a total of 25,878 square feet of versatile space. Currently, the entire 25,878 square feet is available for lease, providing a unique opportunity for a single large tenant or multiple smaller tenants. The minimum divisible space is 2,500 square feet, while the maximum contiguous space available is 22,878 square feet, catering to a wide range of business needs. The property's design is ideal for medical offices and restaurants, reflecting its versatile "Retail, Office, Restaurant" property type classification. Built in 2023, this property offers the latest in modern amenities and construction standards. Its prime location in the thriving Wellington area ensures high visibility and accessibility for businesses. This is an exceptional opportunity to establish or expand your business in a premier location. Contact us today to learn more about leasing options and explore the possibilities of making Palms West Professional Plaza your new business address.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1636
    Latitude
    26.6176

    Comparable in this City

    • Value Estimation by Request
      36,094 SF

      8708-8776 Lantana Rd

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    • Value Estimation by Request
      93,218 SF

      8899 Lantana Rd

      Medical Office Space • 93,218 SF
      8899 Lantana Rd, Lake Worth, FL 33467
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    • Value Estimation
      $525,000
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      4750 Jog Rd

      MEDICAL BUILDING • 2,640 SF
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    • Value Estimation
      $15,005,000
      31,847 SF

      7408 Lk Worth Rd

      MEDICAL BUILDING • 31,847 SF
      7408 Lk Worth Rd, Lake Worth, FL 33467-2502
      View Details
    • Value Estimation
      $1,175,000
      6,556 SF

      4897 Jog Rd

      MEDICAL BUILDING • 6,556 SF
      4897 Jog Rd, Greenacres, FL 33467-5000
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    • Value Estimation
      $2,390,000
      10,921 SF

      6045 Hagen Rnch Rd

      MEDICAL BUILDING • 10,921 SF
      6045 Hagen Rnch Rd, Lake Worth, FL 33467-7251
      View Details

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      Established Medical Practice For Sale

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    • $3,500,000
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      Gas Station and C-Store

      Gas station and convenience store property for sale.
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    Similar Nearby for Lease

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      Retail, Office & Restaurant Space

      New retail, office, and restaurant development in Lake Worth.
      8708-8776 Lantana Rd, Lake Worth, FL 33467
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      3,282 SF

      Medical Office Space Available

      B+ medical office space with on-site surgery center.
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      Medical Office Space For Rent

      Medical office building in central Palm Beach County location.
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      Retail Property Near Airport

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      1,294 SF

      Retail Space in Publix-Anchored Center

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      1,750 SF

      Lake Worth Retail Space Available

      Grocery-anchored shopping center with available retail space for lease.
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    Lake Worth, FL 33467
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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