Property profile

1105 Barnett Dr Lake Worth Beach, FL 33461

OFF-MARKET
Industrial properties
Property ID
US18-3775446
7,450 SF 2.15 ac lot Built 1967
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional flex/warehouse property at 1105-1107 Barnett Drive, Lake Worth Beach, FL 33461, offers 14,331 square feet on 2.16 acres. Built in 1967, the multi-tenant building provides convenient access to I-95 and is only 8 miles from the Florida Turnpike, ensuring excellent connectivity throughout Palm Beach County. The property boasts approximately 233,000 vehicles per day (VPD) on I-95 and 45,300 VPD on 10th Avenue, offering high visibility and potential customer reach. Units range from 1,823 to 5,042 square feet and feature desirable amenities including roll-up doors, open warehouse space, office workrooms, and 3-phase power. The strategic location in a thriving commercial corridor places the property near major businesses such as FedEx, Wayne Akers Ford, Walmart Supercenter, and other popular retailers. The property includes 15 total parking spaces. This location offers unparalleled access and visibility, making it ideal for businesses seeking operational efficiency and convenience in Central Palm Beach County. The property's versatile layout and prime location provide a significant opportunity for businesses seeking a strategic presence in this bustling area.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1967
Construction CONCRETE
Total area 7,450 SF
Lot 2.15 ac (93,846 SF)
Zoning code I-POC
APN 38-43-44-21-02-005-0020
UPID US18-3775446

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electrical Service General Contractor
  • Ambulance Service

Location

1105 Barnett Dr Lake Worth Beach, FL 33461-2603
Lake Worth Beach metro Census 4300 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2021
Last sale
$265,000
2 recorded transactions
2021
$2.9M
1998
$265,000

Zoning & alternative use

I-POC · Lake Worth Beach, FL
Zoning description

The industrial park of commerce district is intended to provide for the establishment and enlargement of office, manufacturing and light industrial uses without restriction on traffic generating characteristics. The indu…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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