Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    2460 S Federal Hwy, Unit 6 Boynton Beach, FL 33435

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $135,000

    Updated multifamily property with Intracoastal Waterway views and community amenities.

    Lot size:
    0.75 Acres

    Property Features for 2460 S Federal Hwy

    General Information

    Lot size
    0.75 Acres

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Kim Marie Black
    Source: Elliman

    Listing Agent: Kim Marie Black

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Intracoastal Waterway Oasis

    This multifamily property offers views of the Intracoastal Waterway. The property features updated kitchen and bath areas. Newer air conditioning units, a tankless water heater, a new metal roof, and fresh paint are among the recent improvements. Community amenities include a remodeled clubhouse, a new seawall, a new patio on the south side of the clubhouse, and a refinished heated, saltwater pool. The community is well maintained.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0579088
    Latitude
    26.506138

    Nearby Similar for Sale

    • $14,000,000
      63,663 SF

      Boynton Beach Commercial Space Available

      Commercial, industrial, office, and warehouse space for sale.
      1500 High Ridge Rd, Boynton Beach, FL 33426
      View Details
    • $225,000
      1,300 SF

      Boynton Beach Beauty Salon Business

      Established beauty salon business for sale in Boynton Beach, Florida.
      510 E Ocean Ave, Boynton Beach, FL 33435
      View Details
    • $50,000

      Turnkey MMA Gym Opportunity

      Fully renovated MMA gym with new equipment in Boynton Beach.
      1550 N Federal Hwy, Boynton Beach, FL 33435
      View Details
    • $149,000

      Operating Restaurant Business Opportunity

      Fully built-out, operating restaurant in Boynton Beach, Florida.
      1313 W Boynton Beach Blvd, Boynton Beach, FL 33426
      View Details
    • $2,100,000

      Boynton Beach Multifamily Investment Opportunity

      Renovated 7-unit apartment portfolio in a rising neighborhood.
      333-401 SE 23Rd Ave, Boynton Beach, FL 33435
      View Details
    • $539,000

      Fruit-Producing Land with Income Potential

      Land with fruit trees, income potential, near major road.
      0000 NW 7Th Ct, Boynton Beach, FL 33426
      View Details
    • $1,050,000
      Pending

      Renovated Fourplex Near Beach

      Fully renovated four-unit property in East Boynton Beach.
      401 SE 23Rd Ave, Boynton Beach, FL 33435
      View Details
    • $52,000
      880 SF

      Turn-Key Restaurant on High-Traffic Intersection

      Fully equipped, established take-out restaurant with high annual income.
      109 E Boynton Beach Blvd, Boynton Beach, FL 33435
      View Details
    • $100,000
      2,131 SF

      Boynton Beach Retail Opportunity

      Prime location C-store in historic Boynton Beach area.
      4635 N Ocean Blvd, Boynton Beach, FL 33435
      View Details
    • $449,000

      Renovated Corner Unit Near Beach

      Renovated 1 bed, 1 bath condo with beach access.
      5700 Old Ocean Blvd, Boynton Beach, FL 33435
      View Details
    • $115,000

      Turnkey Apartment in 55+ Community

      One-bedroom apartment in a 55+ waterfront community.
      2552 S Federal Hwy, Boynton Beach, FL 33435
      View Details
    • $724,998

      Boynton Beach Duplex Investment Opportunity

      Duplex in Boynton Beach with immediate rental income potential.
      400 NE 2Nd St, Boynton Beach, FL 33435
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Updated multifamily property with Intracoastal Waterway views and community amenities.
    Where is this multifamily property located?
    The property is located at 2460 S Federal Hwy, Unit 6 Boynton Beach, FL.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Intracoastal Waterway access and views; - Updated kitchen and bath; - New metal roof provides peace of mind
    (561) 358-5221
    Request Owner's contact information
    2460 S Federal Hwy, Unit 6 Boynton Beach, FL 33435
    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.
    2460 S Federal Hwy, Unit 6
    Boynton Beach, FL 33435
    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
    2460 S Federal Hwy, Unit 6 Boynton Beach, FL 33435
    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

    We can help!
    Listing Contact
    Kim Marie Black
    Real Estate License ID: 3029397
    (561) 358-5221
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.