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Property profile & analytics
FOR SALE
Showrooms

8087 Palomino Dr Wellington, FL 33467

6,000 SF 4.38 ac lot Built 1983
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US19-0495828
Property summary
AI-generated overview

This 6.335-acre agricultural property in Wellington, Florida, is ideally situated between Lake Worth Road and Forest Hill Boulevard, offering convenient access to the Florida Turnpike. Currently zoned AR-Agricultural Residential, it features 5,559 square feet of warehouse storage and 441 square feet of office space, built in 1993. The property boasts 301 feet of frontage on Palomino Drive and is fully fenced with existing paving and asphalt. Currently operating as a successful agricultural nursery and landscaping business, this land presents an immediate income-producing opportunity for an owner-user, with potential for subleasing. Its prime location makes it suitable for continued agricultural use, or redevelopment into single-family residential properties. The property offers excellent accessibility via Arrowhead Drive and Crockett Way (north) and Palomino Drive (south). The seller is open to owner financing with a 50% down payment, interest-only monthly payments, and a balloon payment due 36 months post-closing. The surrounding area shows strong growth potential, with a median household income of $64,331 within one mile and an estimated population growth of 1.60% over the next few years. The property is located in Palm Beach County, near the coastal city of Lake Worth Beach.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1983
Construction STEEL FRAME
Total area 6,000 SF
Lot 4.38 ac (190,793 SF)
Zoning code AR
APN 00-42-43-27-05-024-0151
UPID US19-0495828
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$845k
Owner & transaction history
Palomino Properties LLC · 19 yrs held
Palomino Properties LLC
since 2006
1 recorded transaction
2006
$781,000
Zoning & alternative use
AR · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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