Add Listing
    For Lease
    • 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

    10370 Royal Palm Blvd Coral Springs, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1.05 acres of vacant land available for ground lease.

    Type:LAND
    Property size:
    8,000 SF
    Lot size:
    1.00 Acres
    Added:
    Dec 6, 2024
    Days on Market:
    504
    Last Refresh:
    Apr 5 at 10:54 pm

    Property Features for 10370 Royal Palm Blvd

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    1.00 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 10370 Royal Palm Blvd Contact us

    We can help!

    Listing Contact
    T. Scott Coleman

    Listing agent T. Scott Coleman

    Listing office SLK Realty

    Listing date Dec 6, 2024

    Source Moodyscre

    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 SLK Realty

    Overview

    Vacant Land For Lease

    This property features 1.05 acres of vacant land. The owner is open to a build-to-suit arrangement, potentially constructing a small shopping center to accommodate up to three tenants. Ground lease options are also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2643
    Latitude
    26.2587

    Nearby Similar for Lease

    • $45 SF/Yr

      Move-in Ready Medical Office Space

      Second generation medical office space in Coral Springs, Florida.
      1480 N University Drive, Coral Springs, FL 33071
      View Details
    • $4,500/Mo

      Coral Springs Office Warehouse For Rent

      Remodeled office warehouse in Coral Springs with office and warehouse space.
      12075 NW 40th Street, Coral Springs, FL 33065
      View Details
    • $4,800/Mo

      Coral Springs Office/Warehouse Space

      Office/warehouse in Coral Springs with modern office and clean warehouse.
      11947 NW 37th Street, Coral Springs, FL 33065
      View Details
    • $5,035/Mo

      Class 'A' Office Condo

      Professional office condo for lease near Heron Bay.
      5850 Coral Ridge Drive, Coral Springs, FL 33076
      View Details
    • $3,300/Mo

      Coral Springs Corporate Park Office

      Professional office space for lease in Coral Springs Corporate Park.
      3924 Coral Ridge Drive, Coral Springs, FL 33065
      View Details
    • $3,400/Mo

      Turnkey Restaurant in Coral Springs

      Fully equipped restaurant space available for lease in Coral Springs.
      7380 Wiles Road, Coral Springs, FL 33067
      View Details
    • $3,300/Mo

      Retail Space in Coral Springs

      Prime Coral Springs retail space with high traffic exposure.
      7442 Wiles Road, Coral Springs, FL 33067
      View Details
    • $45 SF/Yr

      Turnkey Hair Salon in Coral Springs

      Fully built-out hair salon for lease in Coral Springs.
      3000 N University Drive, Coral Springs, FL 33065
      View Details
    • $6,293/Mo

      Retail Space in Coral Springs

      Retail space in a high-traffic Coral Springs location.
      4688 Coral Ridge Drive, Coral Springs, FL 33076
      View Details
    • $24 SF/Yr

      Retail Space in Coral Springs

      End-cap unit in busy retail strip center for lease.
      7600 Wiles Road, Coral Springs, FL 33067
      View Details
    • $3,750/Mo

      A/C Warehouse Space in Coral Springs

      A/C warehouse space for lease in Coral Springs Corporate Park.
      11917 W Sample Road, Coral Springs, FL 33065
      View Details
    • $32 SF/Yr

      Modern Office Suite in Coral Springs

      Recently renovated office space with private offices and modern amenities.
      5401 North University Drive, Coral Springs, FL 33076
      View Details

    FAQs

    What type of property is this?
    Land - 1.05 acres of vacant land available for ground lease.
    Where is this land located?
    The property is located at 10370 Royal Palm Blvd Coral Springs, FL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 1.05 acres of vacant land; Build to suit opportunity; Potential for ground lease
    (561) 361-9150 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    T. Scott Coleman
    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!