Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    401 Olympus Drive Juno Beach, FL 33408

    View on Map
    Claim this Listing
    Pending
    $1,875,000

    LAND - Juno Beach, FL

    Lot size:
    0.32 Acres
    Added:
    Dec 16, 2024
    Days on Market:
    487
    Last Refresh:
    Apr 17 at 10:06 pm

    Property Features for 401 Olympus Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-1(c
    Vegetation
    Grassed
    Standard status
    Pending
    APN
    28434128010000324
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    JUNO BEACH N 125 FT OF S 155 FT OF LOT 32 (LESS W 400 FT)
    Tax Annual Amount
    31808

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Andrew W Russo
    Andrew W Russo

    Listing agent Andrew W Russo License #0708409

    Listing office Illustrated Properties LLC (Jupiter) 300 W Indiantown Road, Palm Beach Gardens, FL

    Listing date Dec 16, 2024

    MLS# R11045324 Listing URL

    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.

    Overview

    Oversized Lots Steps From Beach

    This property features an oversized lot in a premier location within Juno Beach, Florida, offering great elevation and proximity to the beach. The property is being subdivided into two lots, each significantly larger than most lots in the area, and capable of accommodating a substantial home. The sale is contingent upon final approval of the lot split. The property is zoned RS-1(c and has a lot size of 0.32 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Juno Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0534431
    Latitude
    26.8690179

    Nearby Similar for Sale

    • $200,000

      Juno Beach Boat Slip

      40ft boat slip with lift in Bay Colony.
      0 Bay Colony Drive S, Juno Beach, FL 33408
      View Details
    • $350,000

      Juno Beach RV Resort Investment

      Corner lot in Juno Ocean Walk RV Resort.
      900 Juno Ocean Walk, Juno Beach, FL 33408
      View Details
    • $200,000

      Juno Beach Boat Slip

      40ft boat slip with lift in Bay Colony.
      Bay Colony Drive S, Juno Beach, FL 33408
      View Details
    • $224,900

      Juno Beach RV Resort Lot

      Vacant lot near pool and clubhouse in Juno Beach.
      900 Juno Ocean Walk, Juno Beach, FL 33408
      View Details
    • $275,000

      Juno Beach Boat Slip

      Deeded boat slip with lift in gated Juno Beach marina.
      Oak Harbour Drive, Juno Beach, FL 33408
      View Details
    • $1,875,000

      Oversized Lot Near Juno Beach

      Large lot in premier Juno Beach location, steps to beach.
      403 Olympus Drive, Juno Beach, FL 33408
      View Details
    • $1,875,000

      Juno Beach Land Opportunity

      Land available in Juno Beach, Florida.
      401 Olympus Drive, Juno Beach, FL 33408
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two oversized lots in premier Juno Beach location near beach.
    Where is this residential land & home lot located?
    The property is located at 401 Olympus Drive Juno Beach, FL.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: Premier location in Juno Beach, steps to the beach.; Oversized lot with great elevation.; Can accommodate a significantly larger home.
    (561) 371-0933
    We can help!
    Listing Contact
    Andrew W Russo
    Andrew W Russo
    Real Estate License ID: 0708409
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!