Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Loxahatchee Groves 5-Acre Lot Title is generated by Realmo AI

    15232 North Rd, Loxahatchee Groves, FL 33470

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    High and dry 5-acre lot with city water access.

    Type:Land
    Lot size:
    5.00 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 10 at 8:39 am

    Property Features for 15232 North Rd

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Thais Hagen

    Listing agent Thais Hagen License #3512679

    Listing office Keyes Company Realtors

    Listing date Apr 10, 2026

    Source Elliman

    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 Keyes Company Realtors

    HighLights

    • 1.5‑acre lot offers ample space and privacy.
    • Located on a paved road, ensuring easy access.
    • Connection to city water available, a valuable utility.
    • High and dry land, mitigating flood risk.
    • Great opportunity for development or expansion.
    • Somewhat bikeable location.

    Overview

    This property features a 5-acre lot that is high and dry. It is located on a paved road and offers the rare opportunity to connect to city water. The bike score is 28, indicating it is somewhat bikeable, while the walk score is 4, suggesting car dependence.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Gym & Fitness Center Food Market HVAC Service Electrical Service Home Appliance Store Garden Center Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Loxahatchee Groves
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.28404
    Latitude
    26.734684

    Nearby Similar for Sale

    • $1,000

      Equestrian Farm Rental Opportunity

      Seasonal farm rental near Wellington with equestrian facilities and housing.
      14339 Collecting Canal Road, Loxahatchee Groves, FL 33470
      View Details
    • $1,500

      Equestrian Farm near Wellington

      Loxahatchee Groves farm with equestrian facilities and housing.
      14339 Collecting Canal Road, Loxahatchee Groves, FL 33470
      View Details
    • $40,000

      Equestrian Farm Near Wellington

      Farm featuring arena, stalls, paddocks, guest house, and barn apartment.
      14339 Collecting Canal Road, Loxahatchee Groves, FL 33470
      View Details
    • $2,495,000

      Private Land Parcel in Loxahatchee

      20-acre property suitable for equestrian, nursery, farm, or estate.
      2761 E Road, Loxahatchee Groves, FL 33470
      View Details
    • $589,088

      Loxahatchee Groves Land Parcel

      Five-acre parcel suitable for equestrian or agricultural uses.
      15595 43rd Road N, Loxahatchee Groves, FL 33470
      View Details
    • $675,000

      Cleared Land in Loxahatchee Groves

      5.27 acres ready for farming or business.
      3852 161st Terrace N, Loxahatchee Groves, FL 33470
      View Details
    • $800

      Equestrian Facility with Stalls Available

      Well-appointed equestrian facility with stalls for lease in Loxahatchee Groves.
      3570 B Road, Loxahatchee Groves, FL 33470
      View Details
    • $1,200

      Equestrian Facility with Premium Amenities

      Well-appointed equestrian facility with outstanding care, footing, and amenities.
      3570 B Road, Loxahatchee Groves, FL 33470
      View Details
    • $2,000,000

      Loxahatchee Groves Land Parcel

      Beautiful 5-acre parcel in Loxahatchee Groves with mature trees.
      2150/2140 C Road, Loxahatchee Groves, FL
      View Details
    • $3,400,000

      20 Acres Near Wellington

      20 acres in Loxahatchee Groves, minutes from Wellington.
      2833 F Road, Loxahatchee Groves, FL 33470
      View Details
    • $4,000,000

      Loxahatchee Groves Land For Sale

      4.98 acre land parcel in Loxahatchee Groves, Florida.
      392 F Road, Loxahatchee Groves, FL 33470
      View Details
    • $750,000

      Loxahatchee Groves 5-Acre Land Parcel

      High and dry 5-acre lot with city water connection.
      15232 North Road, Loxahatchee Groves, FL 33470
      View Details

    FAQs

    What type of property is this?
    Land - High and dry 5-acre lot with city water access.
    Where is this land located?
    The property is located at 15232 North Rd Loxahatchee Groves, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 1.5‑acre lot offers ample space and privacy.; Located on a paved road, ensuring easy access.; Connection to city water available, a valuable utility.
    (561) 603-1313
    We can help!
    Listing Contact
    Thais Hagen
    Real Estate License ID: 3512679
    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

    Thank You for Inquiry
    15232 North Rd, Loxahatchee Groves, FL 33470
    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!