6045 Hagen Ranch RdLake Worth, FL 33467

Property Details for 6045 Hagen Ranch Rd

Year built

2015

Construction

WOOD

Lot size

2.06 AC

Property size (Sq ft)

10,921 SF

Zone code

CLO

Property type

Healthcare properties

Property subtype

Medical offices

APN

00-42-44-40-06-001-0000

APU

424440060010000

Description

This exceptional 10,799 square foot, single-story medical office building in Lake Worth, Florida, presents a compelling investment opportunity. Built in 2015, the property boasts a 100% occupancy rate with six tenants, including Heartland Dental, under NNN leases featuring annual rent bumps and corporate guarantees. The property features a synergistic tenant mix, with over 87% medical users. Situated on a highly visible, signalized intersection of Lantana Road and Hagen Ranch Road, experiencing over 42,000 vehicles daily, the location ensures high visibility and accessibility. The building sits on a two-acre lot with ample parking (65 spaces, or 5.95 spaces per 1,000 square feet). The property offers a strong 5.72% cap rate with a Net Operating Income (NOI) of $326,099 and an asking price of $5,700,000 ($527.83 per square foot). The property is zoned CLO Limited Office Commercial and is offered fee simple. Average household income within a one-mile radius exceeds $122,000. This stabilized, net lease investment is ideal for a 1031 exchange. The property's features include a strong tenant base, excellent location, and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,372,214

  6.5%

  $3,112,813

  7%

  $2,890,469

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,925,954

  Geo Method

  $2,925,954

• Alternative Use

  Use

  Valuation

  Residential

  $3,859,888

  Hospitality

  $3,535,636

  Educational

  $2,941,608

  Medical

  $3,042,774

  Retail

  $4,575,834

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.5893

Longitude

-80.1588

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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