5-Unit Apartment
1845 Dillone Lane, Juno Beach, FL 33408
For Sale
$1,250,000
Each residence offers two bedrooms and in-unit laundry, with ample parking on site.
Property Size4,140 SF
Price / SF$301.93
Days on Market51
Property Features for 1845 Dillone Lane
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in suite laundry
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
JD Bols & Associates
(619) 301-6383
Listed By:
John Bols · License #3557493
(561) 815-1788
Source:
Irgofflorida
Added: Sep 19
Changed: Nov 6
Last Checked: Nov 7 at 2:49PM
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 JD Bols & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment property in Juno Beach contains 4,140 square feet and dates to 1960. The residences are configured as two-bedroom units, each with in-unit laundry. All units have received updates within the past few years, and the property includes ample parking.
The property is zoned RH and is located at 1845 Dillone Lane in Juno Beach, Florida.
The property is zoned RH and is located at 1845 Dillone Lane in Juno Beach, Florida.
Key Highlights
- Five apartment units totaling 4,140 square feet
- Two‑bedroom layouts with in‑unit laundry
- All units updated within the past few years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,670
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,400
$1.3M
Cap Rate 7%
$909,571
$909.6K
Cap Rate 9%
$707,444
$707.4K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$121.2K $29.28/SF
− Vacancy
−$5.5K −$1.32/SF
EGI
$115.8K $27.96/SF
− OpEx
−$52.1K −$12.58/SF
NOI
$63.7K $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 Rate 5%
$1,273,400
Cap Rate 7%
$909,571
Cap Rate 9%
$707,444
Alternative Uses
Best Use
Apartment 5plus
$909.6K
$795.9K – $1.06M
NOI $63,670 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,093 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 33408, FL
18,965
Population
13,490
Households
1.4
Avg Household Size
58
Median Age
52%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,789
Density / Sq Mi
$91,390
Median Household Income
$65,606
Median Earnings
$1,885
Median Rent
$502,900
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Palm Beach County, FL
Properties on Market for Apartment buildings in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence offers two bedrooms and in-unit laundry, with ample parking on site.
Where is this apartment building located?
The property is located at 1845 Dillone Lane Juno Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five apartment units totaling 4,140 square feet; Two‑bedroom layouts with in‑unit laundry; All units updated within the past few years
