1815 10 AveLake Worth Beach, FL 33461

Property Details for 1815 10 Ave

Year built

1955

Construction

CONCRETE

Lot size

1.42 AC

Property size (Sq ft)

19,200 SF

Zone code

I-POC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

38-43-44-21-04-003-0070

APU

38434421040030070

Description

This single-story, 20,000-square-foot warehouse in Lake Worth Beach, Florida, offers flexible lease options ranging from 5,000 to 15,000 contiguous square feet. Located at 1815 10th Ave N, 33461 (near 10th Ave & I95), this property boasts 14-foot ceilings, three loading docks, one drive-in door, and ample parking (23 spaces, with potential for expansion). Built in 1955 and renovated in 1990, the building features HVAC, restrooms, and support columns spaced every 35 feet. The property is zoned I-POC (Industrial Park of Commerce) and is part of the Greater West Palm submarket cluster, encompassing Lake Worth, Delray Beach, West Palm Beach, and Boynton Beach. Security features include cameras and gates. The building is currently divided into three suites, with 15,000 square feet of vacant space available. While the owner prefers a single tenant for the entire 15,000 square feet, they are open to flexible lease terms. This is a triple net (NNN) lease opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $7,253,004

  6.5%

  $6,695,080

  7%

  $6,216,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,459,461

  Geo Method

  $13,459,461

• Alternative Use

  Use

  Valuation

  Residential

  $5,647,550

  Hospitality

  $5,173,126

  Educational

  $4,303,980

  Medical

  $4,452,000

  Retail

  $6,695,080

Location Insight

City

Lake Worth Beach

County

Palm Beach

State

Florida

Latitude

26.6274

Longitude

-80.07

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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