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    Singer Island Multi-Unit Compound Title is generated by Realmo AI

    3115 Park Avenue, Singer Island, FL 33404

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    Claim this Listing
    For Lease
    $8,000 /Mo

    COMMERCIAL - Singer Island, FL

    Lot size:
    0.50 Acres
    Added:
    Aug 21, 2025
    Days on Market:
    287
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 3115 Park Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    RMH-15
    Bathrooms
    12
    Rooms
    Bathroom 3, Bathroom 11, Bathroom 4, Bathroom 2, Bathroom 9, Bathroom 7, Bathroom 1, Bathroom 8, Bathroom 10, Bathroom 12, Bathroom 6, Bathroom 5
    Standard status
    Active
    APN
    56434227030110012
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    YACHT HARBOR ESTATES N 70.6 FT OF S 138.6 FT OF LT 1 /LESS S 12 FT OF W 66 FT/BLK 11
    Tax Annual Amount
    30000

    Building Details

    Year built
    1956
    Floors in Building
    2
    Number of units
    9

    We can help!

    Listing Contact
    Roman Fischer
    Roman Fischer

    Listing agent Roman Fischer License #3284948

    Listing office FPB Investment Properties, Inc 515 N Flagler Dr No. 350, West Palm Beach, FL

    Listing date Aug 21, 2025

    MLS# R11117483

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

    HighLights

    • Multi‑unit compound featuring 9 units, offering up to 20 bedrooms and 12 bathrooms.
    • Ideally suited for behavioral health services, assisted living, VA housing, rehab, detox, rehabilitation or recovery programs.
    • Located on Singer Island, just minutes away from beaches, shops, restaurants, markets, and entertainment.
    • Flexible leasing options available: rent a few units or the entire compound.
    • Each unit offered at $4,000‑5,000 per month.
    • Property built in 1956.

    Overview

    This Singer Island property, available for lease, features two buildings with a total of 9 units, offering up to 20 bedrooms and 12 bathrooms. The property is located minutes from beaches, shops, restaurants, markets, and entertainment. It is suited for behavioral health services, assisted living, VA housing, rehab, detox, rehabilitation, or recovery programs. Flexible options are available to rent a few units or the entire compound. The property is located in Singer Island, Florida, with a zoning designation of RMH-15 and a lot size of 0.5 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Seagull Place Assisted Living — 1230 Beach Rd, Riviera Beach, FL 33404
    • Seagull Industries-Disabled — 1233 Island Rd, Riviera Beach, FL 33404

    Location Insight

    • Map
    • Local Demand
    City
    Singer Island
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.037338
    Latitude
    26.788137

    FAQs

    What type of property is this?
    Assisted living facility - Singer Island compound with multiple units, ideal for various services.
    Where is this assisted living facility located?
    The property is located at 3115 Park Avenue Singer Island, FL.
    What is the lease rate?
    The lease rate is $8,000 /Mo.
    What are key features of this property?
    This property features: Multi‑unit compound featuring 9 units, offering up to 20 bedrooms and 12 bathrooms.; Ideally suited for behavioral health services, assisted living, VA housing, rehab, detox, rehabilitation or recovery programs.; Located on Singer Island, just minutes away from beaches, shops, restaurants, markets, and entertainment.
    (561) 566-6651
    We can help!
    Listing Contact
    Roman Fischer
    Roman Fischer
    Real Estate License ID: 3284948
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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.

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