15-Unit Apartment
For Sale
Contact for pricing
101 TACOMA Lane Unit 30, Palm Beach Shores, FL 33404
Multi-unit property with varied residential layouts and on-site parking near Palm Beach Shores beaches, dining, and recreation.
Property Size6,160 SF
Price / SF$4.22
Days on Market51
Property Features for 101 TACOMA Lane Unit 30
General Information
Standard status
Active
Size
6,160 SF
Total Parking Spaces
24
Property subtype
Multi Family
Units
Unit Mix
10 x 1BR, 4 x studio, 1 x 2BR
Multifamily Units
15
Amenities
Acres: 0.4, Square Feet: 17402, Features: Corner Location, Corner Lot, 1/4 To Less Than 1/2 Acre Lot, East Of US 1, Less Than 1 Acre
Roof: Comp Shingle Roof, Shingle
Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
Parcel Number: 54434227040001700, Tax Annual Amount: $37,952, Tax Legal Description: PALM BEACH SHORES LTS 170 & 171, Tax Year: 2025
Flooring: Tile
Cooling: Ceiling Fan(s), Central Individual A/C
Heating: Central, Electric
Lease Considered, Lease Renewal Option, Lease Term: 1 Year With Renewal Option,Annual Lease,Renewal Option, Number Of Units Total: 15, Special Listing Conditions: Lease, Standard Status: Active
Parking Total: 23, Features: Free Parking, No Boats, No Rv, No Truck/Trailer, No Rv/Boats, No Trucks/Trailers
Year Built: 1963, Stories: 1, Construction Materials: Concrete Block Construction, Year Built Details: Newly Updated/Renovated, Building Area Total: 3062, Building Features: Light Traffic, Structure Type: Multi Family
County Or Parish: Palm Beach County, Unit Number: 30
Leasable Area Units: Square Feet, Leasable Area: 6160, Property Condition: Substantially Remodeled, Updated/Remodeled, Completely Renovated
Features: Lawn/Pool Maintenance, Units In Community: 15
Electric On Property YN: t, Electric: Other Electric, Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Possession: Rental Agreement
Tenant Pays: A/C & Heating Maintenance, Common Area Maintenance, Exterior Electric, Electricity, Gas, Grounds Care, Inside Insurance, Outside Insurance, Janitorial Service, Lawn Care, Management, Exterior Maintenance, Interior Maintenance, Telephone, Real Estate Tax, Sewer, Trash Collection, Water, Water Treatment
Water Source: Public
Road Frontage Type: City Street, City, U.S. Hwy
Features: East Of Us1, None
Features: No Fire Protection, No Security
Accessibility Features: Accessible Parking
Building Details
Year Built
1963
Listing Agency:
Logan Realty Inc
Listed By:
Rhys R Hollyman · License #B26069547
(561) 351-1686
Source:
Riserealty
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 9:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Logan Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 101 Tacoma Lane is a 15-unit apartment compound totaling approximately 6,160 square feet under air. Its unit mix includes 10 one-bedroom apartments, four studios, and one two-bedroom apartment, providing a range of residential layouts within one property. The improvements date to 1963 and include 24 on-site parking spaces.
Located in Palm Beach Shores, the property is near the beach, inlet, restaurants, and waterfront recreation. It also backs onto the Town’s tennis and pickleball courts. The existing configuration may accommodate residential, hospitality, short-term rental, behavioral health, recovery, or other specialized housing concepts, subject to applicable zoning, licensing, regulations, and governmental approvals.
Located in Palm Beach Shores, the property is near the beach, inlet, restaurants, and waterfront recreation. It also backs onto the Town’s tennis and pickleball courts. The existing configuration may accommodate residential, hospitality, short-term rental, behavioral health, recovery, or other specialized housing concepts, subject to applicable zoning, licensing, regulations, and governmental approvals.
Key Highlights
- 15‑unit apartment compound with approximately 6,160 square feet under air
- Unit mix includes 10 one‑bedroom units, four studios, and one two‑bedroom unit
- 24 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,737
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,740
$1.9M
Cap Rate 7%
$1,353,386
$1.4M
Cap Rate 9%
$1,052,633
$1.1M
Market Conditions
NOI Build-Up for 6,160 SF
Gross rent
$180.4K $29.28/SF
− Vacancy
−$8.1K −$1.32/SF
EGI
$172.2K $27.96/SF
− OpEx
−$77.5K −$12.58/SF
NOI
$94.7K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,740
Cap Rate 7%
$1,353,386
Cap Rate 9%
$1,052,633
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,737 @ 7.0% cap · market cap 364.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.34M
$3.80M – $5.06M
NOI $303,675 @ 7.0% cap · market cap 1,167.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-unit property with varied residential layouts and on-site parking near Palm Beach Shores beaches, dining, and recreation.
Where is this apartment building located?
The property is located at 101 TACOMA Lane Unit 30 Palm Beach Shores, FL.
What are key features of this property?
This property features: 15‑unit apartment compound with approximately 6,160 square feet under air; Unit mix includes 10 one‑bedroom units, four studios, and one two‑bedroom unit; 24 on‑site parking spaces
