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Property profile & analytics
OFF-MARKET Estimated value $725,000
Office buildings

300 10th St Lake Park, FL 33403-3167

5,600 SF 0.31 ac lot Built 1978
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US18-1032827
Property summary
AI-generated overview

This exceptional Lake Park, Palm Beach County medical office building offers 6,000 square feet of space across two stories in a single building. Built in 1978 and extensively renovated in 2017, the property boasts five suites, with two currently available. The suites are customizable, ranging from a minimum of 500 square feet to a maximum contiguous space of 2,000 square feet. A total of 2,000 square feet is currently vacant, presenting a significant opportunity for immediate occupancy. The building features plentiful parking, ensuring convenient access for patients and staff. Its prime location offers exceptional accessibility, being just minutes from I-95, providing easy ingress and egress for clients and employees. The building's recent renovations ensure a clean, modern aesthetic, ideal for medical practices seeking a professional and welcoming environment. This is a multi-tenant building, offering flexibility for businesses of various sizes. The property is perfectly suited for medical professionals seeking a well-maintained, conveniently located space to establish or expand their practice.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1978
Construction CONCRETE
Total area 5,600 SF
Lot 0.31 ac (13,573 SF)
Zoning code C2
APN 36-43-42-20-01-046-0240
UPID US18-1032827
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$669k
Blend (final) Blend
$725k
Owner & transaction history
Virgil Schallau · 21 yrs held
Virgil Schallau
since 2005
5 recorded transactions
2005
$385,000
2002
Price N/A
2002
Price N/A
2001
$265,000
1998
$170,000
Zoning & alternative use
C2 · Lake Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of this zoning district is to provide appliance stores, including radio and television services, bakeries having not more than five employees, banks, barbershops, beauty shops, chiropodists and masseurs, grocery stores, shops, including shops for making articles without use of machinery, to be sold, at retail on the premises

Zone name Business District
General category COMMERCIAL
Zone area 163.70 ac
Source Realmo
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