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For Sale Available Listing #82117

10,898 SF Commercial For Sale — $9,000,000 — 8475-8490 Lake Worth Rd, Lake Worth – #82117

8475-8490 Lake Worth Rd · Entire Property
10,898 SFAvailable space
CommercialProperty type
2024Year built
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Quick Unit Specs
For Sale
$9,000,000 Asking Price
$825.84 Price / SF
8.64% Cap Rate
— NOI
109 / 255 days Days on market / avg to sell
The Space
10,898 SF Sq Ft
Commercial Type
Entire Property Suite
— Condition
Available Status
For Sale Listing Type
Now Available
— Op. Expenses
— Clear Height
— Drive-In Bays
— Dock-High Bays
— Yard
— Office SF
— Restrooms
— Power
— HVAC
— Estimated Parking
— Parking Ratio
Location Map Click to explore · switch to satellite inside the map
Floor Plan
Floor plan not available yet Ask us and we'll get it to you as soon as it's available.
Building Description
Executive Summary
Ternion Medical Office is a multiple parcel assemblage consisting of a high-quality medical office asset constructed in 2025 and an adjoining development site.
There is substantial in-place, stabilized NNN income and attractive development conditions including a tenant-in-tow and other meaningful tenant demand that is unmet in the immediate market. This high income, high growth submarket of Palm Beach County is located at the first signalized intersection west of the Florida Turnpike
interchange and in the path of growth towards Wellington. Localized activity is marked by household brand names such as Cleveland Clinic, Tesla, Aldi, Chipotle, Publix, MDNow, Starbucks, Pulte, Lennar and more. Ternion is one of those rare opportunities where an obvious development potential can be supported and leveraged by existing cash flow and
leasing success.
Ternion is a long term store of value that is perfect for today’s environment of problematic inflationary conditions.

Frontage Traffic vs. Nearby & Palm Beach County's Busiest Roads

This property fronts Lake Worth Rd, which FDOT counts at the figure below (2025).
46,500vehicles / day on Lake Worth Rd (AADT)
I‑95 (interstate) 255,000
Florida Turnpike 95,000
Okeechobee Blvd 62,000
◆ Lake Worth Rd 46,500
US‑1 / Federal Hwy 46,000
Military Trail 40,000
Polo Rd270 ft 10,300
Blanchette Trl140 ft 8,100
SR 802/Lake Worth Rd0.3 mi 7,300
SR 802/Lake Worth Rd0.4 mi 5,300
This property Nearest FDOT-counted roads (distance) County's busiest roads (approx. peak) Vehicles per day (AADT)
This frontage carries about 18% of I‑95's volume — solid commercial‑corridor traffic.
Risk & Incentives
🌊 Flood Zone X · minimal ✓ Not in Flood Hazard Not an Opportunity Zone

Neighborhood Demographics · Census Tract 007764

Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
1,866
Population
$107,969
Median Household Income
54
Median Age
739
Households
$457,800
Median Home Value
Household Income of 739 households
<$50k142 19%
$50–100k205 28%
$100–150k165 22%
$150k+227 31%
Age of 1,866 residents
Under 18351 19%
18–34206 11%
35–54388 21%
55–64372 20%
65+549 29%

Trade-Area Rings · Distance from Property

Everyone living within a straight‑line radius of the property — the classic retail trade area. Each ring is cumulative (the 3‑mile total includes the 1‑mile).
1 Mile
9,777
population
3,650 households
$124,282 avg income
3 Miles
88,576
population
34,189 households
$112,082 avg income
5 Miles
244,854
population
85,283 households
$106,205 avg income
Street View Click to load · then drag to look around
Asking Price
$9,000,000
Listing Courtesy of Solutions RE
Mark King
Mark King
Solutions RE
Inquire about this property
Key highlights
  • Medical Office - 10 year NNN Leases
  • High Income Demographics
  • Value-add - 5.31% cap going in, 8.64% yield year 4
  • Existing Cash Flow & Development Potential
Appraiser Data
Parcel Control No.00424429210010000
Assessed Value$3,270,419
Land Value$1,160,620
Improvement Value$1,995,890
Legal Description
TERNION MUPD
Source: Palm Beach County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 6.9 mi
Ft. Lauderdale (FLL) 37.7 mi
Miami Intl (MIA) 57.2 mi
⚓ Seaports
Port of Palm Beach 13.3 mi
Port Everglades 36.5 mi
PortMiami 58.1 mi
Building Specifications
CityLake Worth, FL
ZIP Code33467
ZoningMultiple Use Planned Development (MUPD) ›
Year Built2024
Total Building SF10,934 SF
Land Area2.91 AC
Lot Size2.91 AC
ConstructionSTUCCO ON MASON
Floor Area Ratio0.188

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