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    10144 S 46Th Ave, Unit 494 Boynton Beach, FL 33436

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    Sponsored
    For Sale
    $255,000

    MULTI_FAMILY - Other - Boynton Beach, FL

    Property size:
    1,400 SF
    Days on Market:
    4
    Last Refresh:
    Mar 16 at 6:06 pm

    Property Features for 10144 S 46Th Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Storm Window(s), Plantation Shutters
    Zoning
    x
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
    Bedrooms
    2
    Bathrooms
    2
    APN
    00424525050004940
    Parking
    2
    Parking features
    Driveway
    Pets allowed
    Yes, Size Limit, Number Limit
    Interior features
    Pantry, Storage, Walk-In Closet(s)
    Appliances
    Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer, Water Heater, Water Heater Owned
    Size
    1,400 SF

    Taxes and HOA fees

    Expense value
    200
    Expense
    Application Fee
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1977
    Floors in Building
    1
    Number of units
    392
    Flooring type
    Tile - Ceramic
    Building materials
    Concrete Block - No Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Allison R Melvin
    Allison R Melvin

    Lang Realty, Inc. (561) 931-2458

    Listing agent Allison R Melvin (561) 340-1200 License #3092388

    Listing date Mar 13, 2026

    MLS# B26000846 Listing URL

    Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Villa in Active Community

    This fully renovated and reconfigured 2-bedroom, 2-bath villa features diagonal tile flooring, crown molding, and knock-down ceilings throughout. The redesigned kitchen offers ample cabinetry, stainless steel appliances, a snack bar, and custom wood cabinets with pullout drawers. The patio has been converted into additional living space. Both bathrooms have been renovated, with the primary bath fully redesigned. The unit provides generous storage and closet space. All windows are impact-resistant and finished with plantation shutters. A new roof was installed in 2025. The property is located in Boynton Beach, FL, Palm Beach County. The property size is 1400 square feet. Quarterly fees include exterior building insurance and maintenance, roof, water, sewer, and basic cable. Limetree is a 55+, pet-friendly community offering a range of activities for an active lifestyle, including bingo, card games, crafts, parties, classes, and trips. The clubhouse features a library, sauna, exercise room, billiards, shuffleboard, and Bocce tournaments. Residents can choose from three heated swimming pools and have access to tennis and pickleball courts. The location is convenient, close to the beach, shopping, dining, theaters, I-95, the Turnpike, and airports.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Senior Housing / Retirement ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Right at Home Boynton Beach, Heartland Health Care of Boynton Beach

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.116478
    Latitude
    26.525776

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    FAQs

    What type of property is this?
    Senior housing / Retirement Home - Fully renovated 2-bedroom villa in a 55+ Boynton Beach community.
    Where is this senior housing / retirement home located?
    The property is located at 10144 S 46Th Ave, Unit 494 Boynton Beach, FL.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: - Fully renovated 2-bedroom, 2-bath villa featuring a redesigned kitchen and bathrooms.; - Impact-resistant windows with plantation shutters and a new roof installed in 2025.; - Converted patio adding extra living space.
    (561) 441-1927
    Request Owner's contact information
    10144 S 46Th Ave, Unit 494 Boynton Beach, FL 33436
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    Boynton Beach, FL 33436
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10144 S 46Th Ave, Unit 494 Boynton Beach, FL 33436
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    We can help!
    Listing Contact
    Allison R Melvin
    Allison R Melvin
    Real Estate License ID: 3092388
    (561) 441-1927 (561) 582-5338 (561) 340-1200
    Learn more
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