Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1428 10th St Lake Park, FL 33403-2037

    • Medical Office Space
    • 3,990 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4588243
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1428 10th St

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    3,990 SF
    Zone code
    C2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    36-43-42-20-04-132-0070
    APU
    36434220041320070

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $930,000
      6.5%
      $860,000
      7%
      $795,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Park
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0755
    Latitude
    26.8062
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,597
    $200,467
    $475,056
    $675,523
    -
    $200,467
    $475,056
    $675,523

    Comparable in this City

    • Value Estimation
      $525,000
      2,560 SF

      1535 Prosperity Farms Rd

      MEDICAL BUILDING • 2,560 SF
      1535 Prosperity Farms Rd, Lake Park, FL 33403-2025
      View Details
    • Value Estimation
      $1,460,000
      9,286 SF

      509 Us Hwy 1st 1

      MEDICAL BUILDING • 9,286 SF
      509 Us Hwy 1st 1, Lake Park, FL 33403-3557
      View Details
    • Value Estimation
      $5,560,000
      42,685 SF

      3451 Northlake Blvd

      MEDICAL BUILDING • 42,685 SF
      3451 Northlake Blvd, Palm Beach Gardens, FL 33403-1700
      View Details
    • Value Estimation
      $650,000
      3,977 SF

      1509 Prosperity Farms Rd

      MEDICAL BUILDING • 3,977 SF
      1509 Prosperity Farms Rd, Lake Park, FL 33403-2025
      View Details
    • Value Estimation by Request
      2,070 SF

      701 Park Ave

      MEDICAL BUILDING • 2,070 SF
      701 Park Ave, Lake Park, FL 33403-2503
      View Details
    • Value Estimation
      $515,000
      2,584 SF

      1541 Prosperity Farms Rd

      MEDICAL BUILDING • 2,584 SF
      1541 Prosperity Farms Rd, Lake Park, FL 33403-2025
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,765 SF

      Office Building in North Palm

      Office property with interstate connectivity in a high-demand submarket.
      2718 Conroy Dr, West Palm Beach, FL 33403
      View Details
    • Contact for pricing

      Flex Office/Warehouse in Lake Park

      Well-maintained flex office/warehouse with easy access to major routes.
      806 Old Dixie Hwy, Lake Park, FL 33403
      View Details
    • $885,000
      Pending

      Renovated Office/Warehouse Condo in Lake Park

      3,580 SF renovated office/warehouse condo in Lake Park Business District.
      1125 Old Dixie Hwy, Lake Park, FL 33403
      View Details
    • $885,000
      Pending

      Renovated Office/Warehouse Condo in Lake Park

      3,580 SF renovated office/warehouse condo in Lake Park Business District.
      1125 Old Dixie Hwy, Lake Park, FL 33403
      View Details
    • $2,725,000
      8,931 SF

      Retail Property in Downtown Lake

      Retail property in the heart of Lake Park's downtown district.
      810 Park Ave, Lake Park, FL 33403
      View Details
    • Contact for pricing

      Prime Palm Beach Gardens Land

      15,000 SF development opportunity.
      100 Gander Way, Palm Beach Gardens, FL 33403
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      10,000 SF

      Lake Park Office Space for Lease

      Downtown Lake Park, FL: Prime Office Suites
      801 Park Ave, Lake Park, FL 33403
      View Details
    • $2,100 /Mo
      7,000 SF

      Corner Unit with Private Offices

      Corner unit with offices, reception, and new impact windows.
      900 Federal Hwy Hwy, Lake Park, FL 33403
      View Details
    • Contact for pricing
      5,600 SF

      Prime 10th Street Office Space

      5,600 sq ft Office, Single Tenant
      300 10Th St, Lake Park, FL 33403
      View Details
    • $2,800 /Mo
      2,016 SF

      Lake Park Office Space Available

      Office space for lease in the heart of Lake Park.
      705 Park Ave, Lake Park, FL 33403
      View Details
    • Sponsored
      New
      Contact for pricing

      Financial District

      Discover many ways to work your way in Financial District
      3801 Pga Blvd, Palm Beach Gardens, FL 33403
      View Details
    • $33 SF/Yr
      2,016 SF

      Lake Park Office Space For Lease

      Prime Lake Park Office: 2,016 sq ft, Available 8/1/25
      705 Park Ave, Lake Park, FL 33403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1428 10th St
    Lake Park, FL 33403-2037
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!