Storage Garage with Residential
For Sale
$579,000
1309 W Frangipani Cir, Lantana, FL 33462
Property with storage garage, office, restroom, and residential house.
Property Size1,110 SF
Price / SF$521.62
Days on Market313
Property Features for 1309 W Frangipani Cir
General Information
Standard status
Active
Size
1,110 SF
Property subtype
Multi-Family
Building Details
Year Built
1981
Listing Agency:
Richard Attenberg RE LLC
Listed By:
Richard Attenberg · License #3068682
(561) 445-8444
Source:
Wesellhomes
Added: Nov 28, 2025
Changed: Sep 15
Last Checked: Oct 7 at 2:15PM
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 Richard Attenberg RE LLC
Investment Insights
Based on property information with market context.
This property features a 3-bedroom house with a long-term tenant, accompanied by a large storage garage. The garage includes a 14-foot bay door, an office, and a restroom. It is suitable for car collectors, boat or RV storage, equipment storage, or a home-based business. Buyers are advised to verify all details, including square footage and zoning.
Key Highlights
- Huge Storage Garage with 14' bay door
- Suitable for Car collector, Boat or RV Storage, Equipment Storage
- Garage includes office and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,769
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,380
$375.4K
Cap Rate 7%
$268,129
$268.1K
Cap Rate 9%
$208,544
$208.5K
Market Conditions
NOI Build-Up for 1,110 SF
Gross rent
$29.3K $26.40/SF
− Vacancy
−$2.5K −$2.24/SF
EGI
$26.8K $24.16/SF
− OpEx
−$8.0K −$7.25/SF
NOI
$18.8K $16.91/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,380
Cap Rate 7%
$268,129
Cap Rate 9%
$208,544
Alternative Uses
Best Use
Retail
$268.1K
$234.6K – $312.8K
NOI $18,769 @ 7.0% cap · market cap 3.24%
Second Best
Industrial
$171.2K
$149.8K – $199.7K
NOI $11,983 @ 7.0% cap · market cap 2.07%
Theoretical Best
Office A
$781.7K
$684.0K – $912.0K
NOI $54,721 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
143k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 29%
Home Improvements & Furnishings 26%
Hotels & Casinos 4%
The Home Depot
Home Improvements & Furnishings
36,541 visits/mo
0.3 miles
RaceTrac
Shops & Services
33,256 visits/mo
0.1 miles
Taco Bell
Dining
16,756 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
12,849 visits/mo
0.3 miles
Wendy's
Dining
11,859 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dud Rents — 1450 Hypoluxo Rd, Lantana, FL 33462
- U-Haul Neighborhood Dealer — 1360 hypoluxo rd, lantana, fl 33462
- U-Haul Neighborhood Dealer — 1230 Hypoluxo Rd, Lantana, FL 33462
- U-Haul Neighborhood Dealer — 1301 s dixie hwy, lantana, fl 33462
- Palm Beach Cars Inc — 471 Greynolds Cir, Lantana, FL 33462
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Property with storage garage, office, restroom, and residential house.
Where is this parking lot & garage located?
The property is located at 1309 W Frangipani Cir Lantana, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Huge Storage Garage with 14' bay door; Suitable for Car collector, Boat or RV Storage, Equipment Storage; Garage includes office and restroom
