7408 Lk Worth RdGreenacres, FL 33467

Property Details for 7408 Lk Worth Rd

Year built

2009

Construction

CONCRETE

Lot size

1.79 AC

Property size (Sq ft)

31,847 SF

Zone code

CG

Property type

Healthcare properties

Property subtype

Medical offices

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.

• CAP approach

  CAP return

  Valuation

  6%

  $9,790,661

  6.5%

  $9,037,534

  7%

  $8,391,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,859,198

  Geo Method

  $8,859,198

• Alternative Use

  Use

  Valuation

  Residential

  $11,206,542

  Hospitality

  $10,265,132

  Educational

  $8,540,469

  Medical

  $8,834,189

  Retail

  $13,285,174

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.6164

Longitude

-80.1644

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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