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    Property profile & analytics

    6169 S Jog Rd Lake Worth, FL 33467

    • Community centers
    • 102,586 SF
    • 10.62 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5539040
    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

    • Aspen Dental - Lake Worth, FL (Lantana Square) / Dental Office
    • Advanced Techniques / Construction Company / General Contractor
    • Jims Barber Shop / Barber Shop
    • Medical Marijuana Wellness Doctor / Medical Clinic
    • Firehouse Subs Lantana / Take-out & Catering

    Property Details for 6169 S Jog Rd

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    10.62 lot acres
    Property size
    102,586 SF
    Zone code
    CG
    Property type
    Community centers
    APN
    00-42-44-39-04-001-0010
    APU
    424439040010010

    Description

    Lantana Square, a 143,248-square-foot neighborhood shopping center in Lake Worth, Palm Beach County, Florida, presents a compelling investment opportunity. Originally constructed in 1959 and extensively renovated in 2008, this multi-tenant property boasts a strong anchor tenant: a 37,698-square-foot Walmart Neighborhood Market. The current offering encompasses 105,550 square feet of retail space, with 11,000 square feet immediately available for lease. Spaces range from a minimum of 900 square feet to a maximum contiguous space of 11,000 square feet, providing flexibility for various retail concepts. The center enjoys a diverse tenant mix, including established businesses such as Petco, Chipotle Mexican Grill, That’s Dancing, and Sears Outlet, creating a vibrant and well-established retail environment. Located in Palm Beach County, the property benefits from a strong local economy and high consumer traffic. This is an exceptional opportunity to acquire a well-positioned retail space within a thriving shopping center. The property's history of successful tenancy and recent renovations make it an attractive investment for both established and emerging businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1493
    Latitude
    26.5895
    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
    $302,731
    $4,817,435
    $12,317,553
    $17,134,988
    -
    $4,817,435
    $12,317,553
    $17,134,988

    Comparable in this City

    • Value Estimation
      $11,280,000
      66,465 SF

      3887 Jog Rd

      MINI-MALL • 66,465 SF
      3887 Jog Rd, Greenacres, FL 33467-1590
      View Details
    • Value Estimation
      $8,235,000
      33,712 SF

      6600 Hypoluxo Rd

      MINI-MALL • 33,712 SF
      6600 Hypoluxo Rd, Lake Worth, FL 33467-7676
      View Details
    • Value Estimation
      $10,750,000
      65,208 SF

      8831 Hypoluxo Rd, Unit 17

      MINI-MALL • 65,208 SF
      8831 Hypoluxo Rd, Lake Worth, FL 33467-5252
      View Details
    • Value Estimation
      $11,415,000
      71,839 SF

      7745 Lk Worth Rd

      MINI-MALL • 71,839 SF
      7745 Lk Worth Rd, Lake Worth, FL 33467-2536
      View Details
    • Value Estimation
      $36,230,000
      24,983 SF

      9855 Lk Worth Rd

      MINI-MALL • 24,983 SF
      9855 Lk Worth Rd, Lake Worth, FL 33467-2305
      View Details
    • Value Estimation
      $755,000
      29,288 SF

      7099 Lk Worth Rd

      MINI-MALL • 29,288 SF
      7099 Lk Worth Rd, Lake Worth, FL 33467-2904
      View Details

    Similar Nearby for Sale

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      Hypoluxo Road Retail Investment

      Lake Worth, FL storefront, high ROI.
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      Free-Standing Walgreens in Lake Worth

      Operating Walgreens drugstore with triple-net ground lease.
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      3.70 acres of agricultural land ready for development.
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      Profitable Investment Opportunity in Florida
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    Similar Nearby for Lease

    • Contact for pricing
      1,294 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      8831 Hypoluxo Rd, Lake Worth, FL 33467
      View Details
    • Contact for pricing
      920 SF

      Retail Space in Lake Worth

      Retail space available in a busy Lake Worth plaza.
      7352-7366 Lake Worth Rd, Lake Worth, FL 33467
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Lake Worth

      Retail space available in a high-traffic shopping center.
      7440 Lake Worth Rd, Lake Worth, FL 33467
      View Details
    • Contact for pricing
      2,797 SF

      Retail Space in Palm Beach

      Retail space in established Palm Beach market near new homes.
      8450 Lake Worth Rd, Lake Worth, FL 33467
      View Details
    • Contact for pricing
      1,750 SF

      Lake Worth Retail Space Available

      Grocery-anchored shopping center with available retail space for lease.
      6169 S Jog Rd, Lake Worth, FL 33467
      View Details
    • Contact for pricing
      920 SF

      Retail Space in Lake Worth

      Retail space available in a high-traffic shopping center.
      7312-7336 Lake Worth Rd, Lake Worth, FL 33467
      View Details
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    Lake Worth, FL 33467
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    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
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