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Property profile & analytics
OFF-MARKET Estimated value $2,390,000
Medical Office Space

6045 Hagen Rnch Rd Lake Worth, FL 33467-7251

10,921 SF 2.06 ac lot Built 2015
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-7784075
Property summary
AI-generated overview

This exceptional 10,799 square foot, single-story medical office building in Lake Worth, Florida, presents a compelling investment opportunity. Built in 2015, the property boasts a 100% occupancy rate with six tenants, including Heartland Dental, under NNN leases featuring annual rent bumps and corporate guarantees. The property features a synergistic tenant mix, with over 87% medical users. Situated on a highly visible, signalized intersection of Lantana Road and Hagen Ranch Road, experiencing over 42,000 vehicles daily, the location ensures high visibility and accessibility. The building sits on a two-acre lot with ample parking (65 spaces, or 5.95 spaces per 1,000 square feet). The property offers a strong 5.72% cap rate with a Net Operating Income (NOI) of $326,099 and an asking price of $5,700,000 ($527.83 per square foot). The property is zoned CLO Limited Office Commercial and is offered fee simple. Average household income within a one-mile radius exceeds $122,000. This stabilized, net lease investment is ideal for a 1031 exchange. The property's features include a strong tenant base, excellent location, and significant upside potential.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2015
Construction WOOD
Total area 10,921 SF
Lot 2.06 ac (89,930 SF)
Zoning code CLO
APN 00-42-44-40-06-001-0000
UPID US18-7784075
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
  • Orthodontics by Bradford Dental Office
  • Dr. Lee Edelstein Pediatrician Medical Clinic
  • Dr. Marc Anderson Dental Office
  • Parkridge Dental Care Dental Office
  • Dr. Stephen Bradford Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.22M
Comparable Approach Comparable
$1.73M
Blend (final) Blend
$2.39M
Owner & transaction history
As Hagen Ranch LLC · 2 yrs held
As Hagen Ranch LLC
since 2024
2 recorded transactions
2024
Price N/A
2019
Price N/A
Zoning & alternative use
CLO · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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