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Property profile & analytics

7281 Lake Worth Rd Lake Worth, FL 33467

  • Banks
  • 8,780 SF
  • 4.17 lot acres
For Lease
Last Sale
May 04, 2023
$3,577,000
Value Estimations
$3,235,000
Cap Rate Potential
Location Intelligence
Property ID
US18-4651310
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

  • Banks

Property Details for 7281 Lake Worth Rd

Year built
1975
Construction
CONCRETE
Lot size
4.17 lot acres
Property size
8,780 SF
Zone code
CS
Property type
Banks
APN
00-42-43-27-05-023-1240
APU
424327050231240

Description

This exceptional single-tenant executive office and bank space, totaling 8,673 square feet, is situated on a 4-acre lot in desirable Palm Beach County. The property boasts a convenient 1-story design, built in 1975, and offers ample parking with 150 spaces available. The building is zoned for commercial use, making it ideal for a variety of businesses. The property's strategic location on Lake Worth Road provides excellent visibility and accessibility. The single-tenant occupancy ensures ease of management and control. This property presents a rare opportunity to acquire a well-maintained, established commercial space in a high-traffic area. The substantial parking provision caters to both employees and clients, enhancing the overall convenience and appeal. The building's single-story layout offers efficient use of space and easy navigation. With its established presence and ample parking, this property is well-suited for a variety of professional uses, including executive offices and financial institutions. The 4-acre lot provides potential for future expansion or development, subject to local zoning regulations. The property's commercial zoning ensures flexibility for a range of business operations. This is a turnkey opportunity to acquire a valuable asset in a thriving Palm Beach County location. The property features four drive-thru lanes, adding to its unique and versatile functionality. This is a rare opportunity to own a well-established commercial property with significant potential for growth and return on investment.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,835,000
    ML approach
    $2,955,000
  • Alternative Use

    Use
    Estimation
    FINANCIAL BUILDING
    $3,675,000
    Current use
    RESTAURANT
    $5,085,000
    Change: +38% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $4,030,000
    Change: +10% Conversion: Difficult
    OFFICE BUILDING
    $3,870,000
    Change: +5% Conversion: Difficult
    AUTO REPAIR, GARAGE
    $3,615,000
    Change: -2% Conversion: Difficult
    MEDICAL BUILDING
    $3,460,000
    Change: -6% Conversion: Difficult
    NEIGHBORHOOD: SHOPPING CENTER
    $3,195,000
    Change: -13% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Lake Worth
County
Palm Beach
State
Florida
Longitude
-80.1615
Latitude
26.6186
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
$49,553
$1,544,578
$1,395,244
$2,939,822
-
$1,544,578
$1,395,244
$2,939,822
More about this property
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