Intracoastal Boutique Mid-Century
For Sale
$159,000
Pending
219 Lakeview 102 Ave 102, Lantana, FL 33462
Mid-century modern co-op building on the Intracoastal Waterway.
Property Size688 SF
Lot Size0.67 Acres
Days on Market276
Property Features for 219 Lakeview 102 Ave 102
General Information
Standard status
Pending
Size
688 SF
Lot size
0.67 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,356
Building Details
Building Size
688 SF
Year Built
1962
Stories
1
Listing Agency:
LAMAR PROPERTIES, INC.
(561) 305-4180
Listed By:
Chad Lamar · License #3034936
(561) 305-4180
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 15
Last Checked: Aug 14 at 11:47AM
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 LAMAR PROPERTIES, INC.
Investment Insights
Based on property information with market context.
This boutique, mid-century modern building is located directly on the Intracoastal Waterway. The exterior has been recently painted, and the catwalks and sidewalks have been resurfaced. The property offers a large 1-bedroom, 1-bathroom unit featuring impact-resistant windows, a walk-in shower, and diagonally installed fieldstone tile throughout. The shower includes dual faucet heads. The kitchen is equipped with modern appliances, lighting, and countertops that complement the cabinetry. Contemporary interior doors and crown molding are present in the bedroom. The unit includes one assigned carport parking space with storage. The electrical panel has been upgraded. Laundry facilities are available within the co-op. Potential slips or docking for personal watercraft may be available. Please note that this is a co-op and typically requires a cash purchase, although financing may be available. This unit is available for a new owner under 55 years old. Renting is not permitted.
Key Highlights
- Intracoastal Front Location
- Impact Resistant Windows
- Modern Kitchen Appliances, Lighting, and Countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,581
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$211,620
$211.6K
Cap Rate 7%
$151,157
$151.2K
Cap Rate 9%
$117,567
$117.6K
Market Conditions
NOI Build-Up for 688 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.1K $29.28/SF
− Vacancy
−$907 −$1.32/SF
EGI
$19.2K $27.96/SF
− OpEx
−$8.7K −$12.58/SF
NOI
$10.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$211,620
Cap Rate 7%
$151,157
Cap Rate 9%
$117,567
Alternative Uses
Best Use
Apartment 5plus
$151.2K
$132.3K – $176.4K
NOI $10,581 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.5K
$424.0K – $565.3K
NOI $33,917 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mid-century modern co-op building on the Intracoastal Waterway.
Where is this apartment building located?
The property is located at 219 Lakeview 102 Ave 102 Lantana, FL.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Intracoastal Front Location; Impact Resistant Windows; Modern Kitchen Appliances, Lighting, and Countertops
