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

    218 F St Lake Worth, FL 33460-4381

    • Showrooms
    • 3,210 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5269832
    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

    • Boom Mold Removal & Mold Remediation Service FLORIDA / Hardware & Home Improvement / Construction Company

    Property Details for 218 F St

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    3,210 SF
    Zone code
    AI
    Property type
    Showrooms
    APN
    38-43-44-21-15-079-0080
    APU
    38434421150790080

    Description

    This unique Lake Worth Beach property, located at 218 S F St, offers 3,210 square feet of versatile space in a 6,534 square foot lot, perfect for a commissary, production kitchen, or similar use. The building, constructed in 1974 and renovated in 2017, is a two-story structure with a 10+ foot ceiling height and is zoned AI - Artisanal Industrial. The property includes three units: a ground floor warehouse space featuring a walk-in cooler, grease trap, and hood, complemented by two charming one-bedroom, one-bathroom apartments on the second floor, providing potential rental income. Parking is available for three cars in the front, with additional spaces in the rear yard. The building is currently vacant, with an occupancy date of October 29, 2024. This mixed-use property offers a blend of industrial functionality and residential income potential, situated just three blocks from downtown Lake Worth Beach and a short drive from the I-95 interchange. The asking price is $1,360,000. The property features a Class B designation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $925,000
      6.5%
      $850,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $829,000
      Market price range: $609k - $1.38M
      AI Estimate
      $574,000
      Market price range: $237k - $921k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $840,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,170,000
      Change: +39% Conversion: Difficult
      OFFICE BUILDING
      $1,035,000
      Change: +23% Conversion: Easy
      RETAIL STORES
      $920,000
      Change: +9% Conversion: Easy
      WAREHOUSE, STORAGE
      $890,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0602
    Latitude
    26.6129
    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
    $8,787
    $132,570
    $254,463
    $387,033
    -
    $132,570
    $254,463
    $387,033

    Comparable in this City

    • Value Estimation
      $870,000
      3,368 SF

      1724 12th S Ave

      SHOW ROOM, WAREHOUSE • 3,368 SF
      1724 12th S Ave, Lake Worth, FL 33460
      View Details
    • Value Estimation by Request
      2,125 SF

      114 H St

      SHOW ROOM, WAREHOUSE • 2,125 SF
      114 H St, Lake Worth, FL 33460-4431
      View Details
    • Value Estimation
      $500,000
      4,024 SF

      1230 Rupp Ln

      SHOW ROOM, WAREHOUSE • 4,024 SF
      1230 Rupp Ln, Lake Worth, FL 33460-6148
      View Details
    • Value Estimation
      $1,205,000
      4,584 SF

      604 G St Ste A

      SHOW ROOM, WAREHOUSE • 4,584 SF
      604 G St Ste A, Lake Worth, FL 33460-2949
      View Details
    • Value Estimation by Request
      1,224 SF

      1136 14th N Ave

      SHOW ROOM, WAREHOUSE • 1,224 SF
      1136 14th N Ave, Lake Worth, FL 33460-1856
      View Details
    • Value Estimation by Request
      1,525 SF

      911 1st S Ave

      SHOW ROOM, WAREHOUSE • 1,525 SF
      911 1st S Ave, Lake Worth, FL 33460-3718
      View Details

    Similar Nearby for Sale

    • $3,995,000
      9,778 SF

      Lake Worth Shopping Center Investment

      Prime Lake Worth retail center, high occupancy.
      409 Lake Ave, Lake Worth, FL 33460
      View Details
    • $3,500,000
      9,750 SF

      Retail Storefront in Historic Downtown

      3,500 SF retail storefront with outdoor patio space.
      802 Lake Ave, Lake Worth, FL 33460
      View Details
    • $1,200,000
      2,550 SF

      Downtown Lake Worth Retail Storefront

      Single-tenant retail storefront in historic downtown Lake Worth, Florida.
      805 Lucerne Ave, Lake Worth, FL 33460
      View Details
    • $10,000,000

      Downtown Lake Worth Retail Portfolio

      Five multi-tenant retail properties in vibrant Downtown Lake Worth Beach.
      Lk Ave & Lucerne Ave, Lake Worth, FL 33460
      View Details
    • $149,000
      2,000 SF

      Established Salon in Lake Worth

      Well-established salon with loyal clientele and exceptional service reputation.
      Lake Worth, FL 33460
      View Details

    Similar Nearby for Lease

    • $1,460,000
      5,259 SF

      Retail/Warehouse Space in Lake Worth

      Retail/warehouse space with residential property near downtown and I-95.
      922/928 S Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Lake Worth

      Retail spaces available in renovated Lake Worth shopping center.
      2505-2565 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      1,225 SF

      New Retail Space Available

      Customizable retail space in Lake Worth with excellent exposure.
      1601 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $1,700,000
      511 SF

      Lake Worth Beach Commercial Condo

      Income-producing commercial condo portfolio with stable tenants in Lake Worth.
      S Confidential, Lake Worth, FL 33460
      View Details
    • $1,699,000
      3,096 SF

      Versatile Space in Entertainment District

      Flexible commercial space near Lake Worth Beach's vibrant district.
      Lk Worth Bch, Lake Worth, FL 33460
      View Details
    • $792,000
      2,639 SF

      Retail, Warehouse Space with Apartment

      Retail/warehouse space with an upstairs 3BR apartment near downtown.
      928 S Dixie Hwy, Lake Worth, FL 33460
      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.
    218 F St
    Lake Worth, FL 33460-4381
    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!