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    626 Minnesota St Lantana, FL 33462

    View on Map
    Sponsored
    For Sale
    $536,000

    MULTI_FAMILY - Lantana, FL

    Property size:
    1,294 SF
    Days on Market:
    18
    Last Refresh:
    Mar 16 at 2:06 pm

    Property Features for 626 Minnesota St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Blinds
    Zoning
    RM15
    Rooms
    Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    40434503100070070
    Patio and Porch features
    Patio, Deck
    Size
    1,294 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Tile - Ceramic
    Building materials
    CBS, Mixed
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Diane M Balsara
    Diane M Balsara

    Nautica Realty (561) 734-6397

    Listing agent Diane M Balsara (561) 734-6397 License #302090

    Listing date Feb 26, 2026

    MLS# R11116439 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 Duplex Near Intracoastal Parks

    This mid-century modern duplex is located in an excellent location within walking distance of Intracoastal parks, multiple restaurants, shops, and waterfront dining. It is also an easy bike ride to the beach. Recent upgrades include newly installed mini splits, a new stove and fridge, electrical updates, and a freshly painted exterior. A recent four-point inspection is available. Each unit is separately metered for water and electric. Recent new landscaping and a rear patio, painting inside and out, and general rejuvenation and renewal have been completed. Off-street parking is available for both units. This property presents a great opportunity for an owner/landlord to live the South Florida dream while tenants help pay the mortgage, or to utilize as an Airbnb for increased cash flow. The front patio could be enclosed as a second bedroom. The rear unit patio was enclosed and serves as an office/extra room separated from the living room. The property consists of bright, sunny apartments. The property size is 1294 square feet. The property is zoned RM15. The upside to a one-bedroom unit is less people, less wear and tear. Only one unit is on a lease, the other is month to month. This is a very easily managed property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lantana
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.057449
    Latitude
    26.585907

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    FAQs

    What type of property is this?
    Duplex - Mid-century modern duplex near waterfront, ideal for owner occupancy.
    Where is this duplex located?
    The property is located at 626 Minnesota St Lantana, FL.
    What is the asking price?
    The asking price for this property is $536,000.
    What are key features of this property?
    This property features: - Excellent location: walk to Intracoastal parks, restaurants, shops, and waterfront dining; easy bike ride to the beach.; - Duplex offers income potential: live in one unit and rent the other, or use as an Airbnb.; - Recent upgrades: mini splits, new stove and fridge, electrical updates, freshly painted exterior, new landscaping.
    (561) 707-7927
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    626 Minnesota St Lantana, FL 33462
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    Lantana, FL 33462
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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
    626 Minnesota St Lantana, FL 33462
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    We can help!
    Listing Contact
    Diane M Balsara
    Diane M Balsara
    Real Estate License ID: 302090
    (561) 707-7927 (561) 734-6397
    Learn more
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