8961 Hypoluxo Rd Lake Worth, FL 33467
Property profile & analytics
8961 Hypoluxo Rd, Lake Worth, FL 33467
- Office buildings
- 5,349 SF
- 1.12 lot acres
Property ID
US18-2511872
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.
Location Intelligence
Current Use by Public Records
- Partners In Motion / Medical Clinic
- Joanne DeFrisco / Real Estate Agency
- Elaine Jacobson, Realtor, Broker Associate / Real Estate Agency
- Michael Porcelli Realtor / Real Estate Agency
- EXIT Realty Premier Elite / Real Estate Agency
Property Details for 8961 Hypoluxo Rd
- Year built
- 2006
- Construction
- CONCRETE
- Lot size
- 1.12 lot acres
- Zone code
- MUPD
- Property type
- Office buildings
- APN
- 00-42-45-08-10-002-0030
- APU
- 424508100020030
Description
This exceptional 5,349 square foot Class A retail storefront, located at 8961 Hypoluxo Road in Lake Worth, Florida, presents a compelling value-add investment opportunity. The property boasts four separately leased units, currently operating at 100% occupancy with a remaining lease term of three years. Each unit contributes to a strong net operating income (NOI) of $212,000, yielding a current cap rate of 6.20% and a pro-forma cap rate of 7.07%. The asking price is $3,000,000, translating to $560.85 per square foot. Situated on a 1.12-acre lot, this free-standing building offers 20 parking spaces and benefits from its prime corner location at the intersection of Hypoluxo Road and Lyons Road, within a shopping center anchored by Publix and other established businesses. The property is zoned MUPD (Multiple Use Planned Dev) in unincorporated Palm Beach County, offering flexibility for future development. This fee-simple ownership provides a stable, multi-tenant income stream with significant upside potential. The well-maintained exterior and spacious, well-designed units ensure continued tenant satisfaction and long-term value. The convenient location provides easy access to major highways, shopping, dining, and other amenities, making it highly desirable for both tenants and investors. This is a rare opportunity to acquire a high-performing retail property in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,520,000
- 6.5%
- $2,325,000
- 7%
- $2,160,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,385,000
Market price range: $358k - $1.54M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,360,000 Current use
- RESTAURANT
- $3,100,000 Change: +31% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,455,000 Change: +4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,200,000 Change: -7% Conversion: Difficult
- MEDICAL BUILDING
- $2,110,000 Change: -11% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,945,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1885
- Latitude
- 26.5681
- 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
$30,123
$766,997
$991,498
$1,758,495
-
$766,997
$991,498
$1,758,495
