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Property profile & analytics
OFF-MARKET Estimated value $6,930,000
Grocery and convenience stores

2407 10th N Ave Lake Worth, FL 33461-3128

29,880 SF 9.84 ac lot Built 1981
Individually Owned 8-yr Hold Free & Clear
Property ID
US18-2817267
Property summary
AI-generated overview

Waterside Plaza, a well-maintained shopping center in Lake Worth, Florida, offers a prime retail leasing opportunity. Located in Palm Beach County, this 89,890 square foot center enjoys a highly visible position just west of I-95 on 10th Avenue North and Florida Mango Road. The property boasts a strong tenant mix, anchored by President Supermarket and Flanigan's, ensuring consistent foot traffic. Additional national tenants include Wendy's, Estrella, and Metro by T-Mobile, further enhancing the center's appeal. Currently, one retail space of 1,620 square feet is available for lease. The center's strategic location provides excellent access to I-95 via 10th Avenue North, benefiting from a high traffic count of 33,000 AADT. This makes Waterside Plaza an ideal location for businesses seeking high visibility and strong consumer demographics. The property is a multiple-tenancy shopping center also accommodating restaurants and medical offices. A total of 2,250 square feet is currently vacant within the 89,890 square foot gross leasable area (GLA). This presents a unique chance to establish a presence in a thriving retail environment with established anchor tenants and significant daily traffic.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1981
Construction CONCRETE
Total area 29,880 SF
Lot 9.84 ac (428,430 SF)
Zoning code UC
APN 00-43-44-20-01-024-0010
UPID US18-2817267
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Roger Verno Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.78M
Comparable Approach Comparable
$6.28M
Blend (final) Blend
$6.93M
Owner & transaction history
Gator 2018 Disregarded Entity · 8 yrs held
Gator 2018 Disregarded Entity
since 2018
6 recorded transactions
2019
Price N/A
2018
$350,000
2017
$10.5M
2006
$6.9M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
UC · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $10.9M +17.4%
Commercial (general) $10.8M +16.8%
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