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    Property profile & analytics

    4063 Herbertz Rd Lake Worth, FL 33461

    • Commercial real estate
    • 5,880 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-5809347
    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

    • Commercial real estate

    Property Details for 4063 Herbertz Rd

    Year built
    1979
    Property size
    5,880 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a six-unit multifamily property located at 4063 Herbertz Road, Lake Worth, Florida, 33461. The property, built in 1979, encompasses a substantial 5,880 square feet and sits on a sizable lot. The complex comprises three duplexes, each featuring a consistent three-bedroom, one-bathroom floor plan. Currently boasting 100% occupancy, this asset offers a compelling 7.5% cap rate. Significant recent upgrades enhance the property's value and appeal. These improvements include new air conditioning units in four of the six units, updated bathrooms and kitchens, fresh paint throughout, new tile flooring, and impact-resistant sliders and windows. Exterior enhancements are equally impressive, featuring a fresh coat of paint, updated landscaping, ample parking, and new exterior lighting. This turnkey investment is ready for immediate income generation. The property's location in Lake Worth, Palm Beach County, provides convenient access to local amenities and transportation. Detailed information is available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1036715
    Latitude
    26.6167329

    Comparable in this City

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    Similar Nearby for Sale

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      Palm Springs Commercial Corner Lot

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    Similar Nearby for Lease

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    4063 Herbertz Rd
    Lake Worth, FL 33461
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    Realmo Value Estimation

    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.

    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.

    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
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