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

    426 N 5Th St Lantana, FL 33462

    Sponsored
    For Sale
    $1,000,000

    Multi-Family High De, Commercial Land - Lantana, FL

    Days on Market:
    5
    Last Refresh:
    Feb 28 at 5:06 am

    Property Features for 426 N 5Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R15
    APN
    40434434090010310
    Exterior features
    Fenced, Home
    Fencing
    Fenced

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lynell Diane D. Harbison
    Lynell Diane D. Harbison

    Keller Williams Realty - Wellington (561) 472-1236

    Listing agent Lynell Diane D. Harbison (561) 472-1236

    Listing date Feb 24, 2026

    MLS# RX-11166195 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

    Lantana Multifamily Development Opportunity

    This property presents a prime development opportunity in Lantana, Florida, situated less than a quarter mile from the Atlantic Ocean and area beaches. The offering includes a single-family residence and an adjacent vacant lot, providing immediate usability with redevelopment potential. Zoned R15, the property allows for up to 12 units, making it suitable for multifamily development in a rapidly evolving coastal corridor. The site's direct adjacency to commercial zoning creates a pathway for commercial or mixed-use conversion, offering flexibility for investors and developers. This property is zoned R15.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Lantana
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.055069
    Latitude
    26.587775

    Nearby Similar for Sale

    • New
      $995,000
      3,635 SF

      Unique Investment Property with Garage

      Five-bedroom investment property with an eight-car garage in Lantana.
      1213 W Broward St, Lantana, FL 33462
      View Details
    • $569,000
      1,202 SF

      Free-Standing Retail Building on US1

      Retail building with high visibility and ample parking.
      888 E Coast Ave, Lantana, FL 33462
      View Details
    • $2,300,000
      7,464 SF

      Lantana Motel Near Intracoastal Waterway

      Motel property near Intracoastal Waterway with redevelopment potential.
      704 N Dixie Hwy, Lantana, FL 33462
      View Details
    • $2,300,000
      0.41 Acres

      Lantana Motel Near Intracoastal Waterway

      Motel property near Intracoastal Waterway with redevelopment potential.
      704 N Dixie Hwy, Lantana, FL 33462
      View Details
    • New
      $599,000
      0.50 Acres

      Single Family Home in Lantana

      Single-family home on a large lot near beaches and shopping.
      2886 Northside Dr, Lantana, FL 33462
      View Details
    • $599,000

      Freestanding Retail Building on US1

      Freestanding retail building on US1 with high visibility and parking.
      888 E Coast Ave, Lantana, FL 33462
      View Details
    • $9,900,000

      Turnkey 100-Room Hotel Investment

      Ready for immediate revenue generation under new ownership.
      7051 N Seacrest Blvd, Lantana, FL 33462
      View Details
    • $543,000

      Turnkey Duplex Near Intracoastal

      Duplex near the Intracoastal and beach with recent upgrades.
      626 Minnesota St, Lantana, FL 33462
      View Details
    • $599,000

      Storage Garage with Residential House

      Property with storage garage, office, restroom, and residential house.
      1309 W Frangipani Cir, Lantana, FL 33462
      View Details
    • $1,500,000
      0.43 Acres

      Lantana Commercial Property Investment

      High-Return Retail/Multi-Use Complex
      808 Coast Ave, Lantana, FL 33462
      View Details
    • $815,000

      Lantana Commercial Bakery & More

      Turnkey Business, Prime Location, High Revenue
      615 Lantana Rd, Lantana, FL 33462
      View Details
    • $100,000

      Lantana, FL Executive Office Suite

      Established Business, E-2 Visa Ready
      934 Dixie, Lantana, FL 33462
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime development opportunity near the beach with R15 zoning.
    Where is this commercial land located?
    The property is located at 426 N 5Th St Lantana, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime development opportunity with R15 zoning allowing up to 12 units.; - Located less than 1/4 mile from the Atlantic Ocean and area beaches.; - Includes a single-family residence and an adjacent vacant lot.
    (561) 301-6557
    Request Owner's contact information
    426 N 5Th St Lantana, FL 33462
    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.
    426 N 5Th St
    Lantana, FL 33462
    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
    426 N 5Th St Lantana, FL 33462
    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

    We can help!
    Listing Contact
    Lynell Diane D. Harbison
    Lynell Diane D. Harbison
    (561) 301-6557 (561) 472-1236
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!