Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Ready for Development Title is generated by Realmo AI

    1109 Wright Street, Riviera Beach, FL 33404

    View on Map
    Claim this Listing
    For Sale
    $219,900

    LAND - Riviera Beach, FL

    Lot size:
    0.17 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for 1109 Wright Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CF (city)
    Standard status
    Active
    APN
    56434233060180130
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    RIVIERA LTS 13 & 14 BLK 18
    Tax Annual Amount
    1235

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kristen Marie Castano

    Listing agent Kristen Marie Castano License #3100178

    Listing office Realty ONE Group Innovation 7751 N Military Trail Ste. 3, Palm Beach Gardens, FL

    Listing date Apr 7, 2026

    MLS# B26012256 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.

    HighLights

    • Approved for a 4‑unit quadplex, ready for development.
    • Permit can be easily signed over to the new buyer/builder.
    • Includes full set of plans, lot drainage plan, soil tests, and surveys.
    • Partially paid permit/impact fees.
    • Located in the 'Marina District' surrounded by new CRA development.
    • Vacant, cleared land.

    Overview

    This vacant, cleared land is ready for development and already in permitting with the city of Riviera Beach. It is approved for a four-unit quadplex, and the permit can be signed over to the new buyer or builder. The sale includes a full set of plans, a lot drainage plan, soil tests, and surveys. Permit and impact fees have been partially paid. Located in the Marina District, the property is surrounded by new Community Redevelopment Agency (CRA) development. The lot size is 0.17 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.058177
    Latitude
    26.772171

    Nearby Similar for Sale

    • $2,300,000
      3,013 SF

      Riviera Beach Double Unit Hangar

      Rare double unit offering maximum storage and entertainment space.
      7210 Haverhill Business Parkway, Riviera Beach, FL 33407
      View Details
    • $1,225,000
      1,589 SF

      Garage Condominium with Custom Renovations

      Unique garage condominium with custom features and club-like amenities.
      7210 Haverhill Business Parkway, Riviera Beach, FL 33407
      View Details
    • $1,150,000
      1,450 SF

      Garage Condominium with Custom Features

      Garage condominium with high-end finishes and exclusive owner's club.
      7210 Haverhill Business Parkway, Riviera Beach, FL 33407
      View Details
    • $5,950,000
      16,025 SF

      Prime Industrial Property on Garden Road

      16,025 SF industrial property on 1.47 acres for sale.
      6861 Garden Road, Riviera Beach, FL 33404
      View Details
    • $2,750,000
      2,176 SF

      Stabilized Room-Rental Portfolio Opportunity

      Turnkey investment: four homes, 31 rooms, 100% occupied.
      1075 W 30th Street, Riviera Beach, FL 33404
      View Details
    • $485,000
      1,588 SF

      Income-Producing Triplex in Riviera Beach

      Well-maintained triplex with strong rental demand and income potential.
      182 W 34th Street, Riviera Beach, FL 33404
      View Details
    • $6,875,000
      16,025 SF

      Riviera Beach Industrial Property For Sale

      16,025 SF industrial property on 1.47 acres.
      6861 Gdn Rd, Riviera Beach, FL 33404
      View Details
    • $1,450,000
      4,161 SF

      New Triplex Townhomes in Riviera

      Newly constructed triplex with spacious townhomes, great investment opportunity.
      1559 W 26th Court, Riviera Beach, FL 33404
      View Details
    • $950,000
      3,080 SF

      Riviera Beach Duplex Townhomes

      Newly constructed duplex with spacious townhomes in Riviera Beach.
      1547 W 26th Court, Riviera Beach, FL 33404
      View Details
    • $1,780,000
      3,000 SF

      Premier Office & Flex Showroom

      Flagship office, showroom, and flex space in A++ condition.
      4188 Westroads Dr 126, Riviera Beach, FL
      View Details
    • $329,900
      1,644 SF

      Riviera Beach Duplex with Potential

      Duplex with renovated unit and development potential near the beach.
      131 W 35th Street, Riviera Beach, FL 33404
      View Details
    • $324,900
      1,404 SF

      Riviera Beach Multifamily Investment Property

      Two-unit property in Riviera Beach, Florida, great investment opportunity.
      633 W 9th Street, Riviera Beach, FL 33404
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land approved for a four-unit quadplex development.
    Where is this residential land & home lot located?
    The property is located at 1109 Wright Street Riviera Beach, FL.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: Approved for a 4‑unit quadplex, ready for development.; Permit can be easily signed over to the new buyer/builder.; Includes full set of plans, lot drainage plan, soil tests, and surveys.
    (561) 215-3032
    We can help!
    Listing Contact
    Kristen Marie Castano
    Real Estate License ID: 3100178
    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

    Thank You for Inquiry
    1109 Wright Street, Riviera Beach, FL 33404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!