7408 Lk Worth Rd Greenacres, FL 33467
- Medical offices
- 31,847 SF
- 1.79 lot acres
Current Use by Public Records
- Thomas Matthew MD / Doctor
- Jeffrey L Katzell, MD, PA dba Minimally Invasive S / Orthopedic Surgeon
- Pain Medicine Physicians / Pain Management Physician
- Lake Worth Medical Center / Medical Center
- CL Brumback Primary Care Clinics - Lake Worth / Doctor / Medical Clinic
Property Details for 7408 Lk Worth Rd
- Year built
- 2009
- Construction
- CONCRETE
- Lot size
- 1.79 lot acres
- Property size
- 31,847 SF
- Zone code
- CG
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 00-42-44-28-36-001-0000
- APU
- 424428360010000
Description
This exceptional one-story, Class B medical office building, constructed in 2009, offers 33,752 square feet of space in a highly desirable Greenacres, Florida location. Situated on 1.79 acres of land at 7408 Lake Worth Road, zip code 33467, this property boasts a convenient location near the Florida Turnpike, ensuring easy accessibility for patients and staff. The building features a total of 530 complimentary parking spaces, providing ample convenience for all. Currently, there are three suites available, with a minimum divisible space of 1,925 square feet and a maximum contiguous space of 6,101 square feet. A total of 12,216 square feet is currently vacant, presenting a significant opportunity for expansion or new tenancy. The building's single-story design and layout are ideal for a variety of medical practices. This property is located in the Lake Worth submarket of Palm Beach County, within the West Palm Beach submarket cluster, offering excellent visibility and access to a thriving patient base. The building's design and location make it an ideal setting for a successful and highly visible medical practice. This is a rare opportunity to secure prime medical office space in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $14,380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $13,515,000
- 6.5%
- $14,185,000
- 7%
- $16,015,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $16,195,000
- Geo Method
- $14,115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $13,180,000
- Retail
- $14,390,000
- Mixed-Use
- $15,250,000
- Hospitality
- $15,760,000
- Educational
- $15,765,000
- Residential Income
- $12,965,000
- Energy
- $14,205,000
- Income-Based Land
- $15,900,000
- Food Service
- $13,410,000
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1644
- Latitude
- 26.6164
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
