Apartment Building with Rooftop
For Sale
$13,995,000
3770 County Line Road, Tequesta, FL 33469
TOWNHOME - Tequesta, FL
Property Size32,302 SF
Lot Size1.54 Acres
Price / SF$433.25
Days on Market65
Property Features for 3770 County Line Road
General Information
Property type
Residential
Property subtype
Quadruplex
Zoning
R2
Bedrooms
8
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 5, Bedroom 8, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 6, Bedroom 7, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 5
Spa
1
Patio and Porch features
Patio, Deck
Pets allowed
Yes, No
Pool private
1
Exterior features
Balcony, Lighting, Private Rooftop Terrace
Fencing
Fenced
Subdivision
BELLA VILLAGGIO
View
Ocean
Elementary school
Jupiter
Middle school
Jupiter
High school
Jupiter
Standard status
Active
APN
60434030600010000
Size
32,302 SF
Lot size
1.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BELLA VILLAGGIO TR A K/A ALL OF PLAT
Tax Annual Amount
162708
Legal Description
BELLA VILLAGGIO TR A K/A ALL OF PLAT
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Amenities
private rooftop deck
10-foot high ceilings
stainless steel appliances
quartz countertops
porcelain backsplashes
metal roofs
hurricane impact windows and doors
tankless water heaters
natural gas
Building Details
Year built
2017
Floors in Building
3
Number of units
4
Flooring type
Tile
Building materials
CBS, Concrete Block - With Stucco
Roof type
Metal
Listing Agency:
Compass Florida LLC
(561) 300-6056
Listed By:
Sean Mooney · License #3366223
(561) 789-7208
Added: Jun 4
Changed: Aug 5
Last Checked: Aug 7 at 8:06AM
MLS# B26037148
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Bella Villaggio is a sixteen-unit luxury townhome complex built in 2017, consisting of three separate buildings (A, B, and C) on a 1.54-acre site. The community totals 32,302 square feet across all sixteen townhomes and includes 70+ parking spaces. Each townhome features a two-car garage with a private driveway and a designated rooftop deck/terrace.
Buildings A and B include five townhomes each, for a total of ten, with larger four-bedroom, three-bath floor plans. Building C contains six three-bedroom, two-and-one-half-bath townhomes. Exterior details include metal roofs, and the homes are constructed with CBS (concrete block) with stucco, with tile flooring throughout. The complex is fenced and includes lighting.
The property has natural gas throughout, including fully plumbed natural gas and gas-powered tankless water heaters, along with fully hurricane impact windows and doors and 10-foot high ceilings. Heating and cooling are electric, with central air and ceiling fans.
Zoning is R-2, which allows short-term rentals; vacation rental permits must be obtained from the Village of Tequesta Building Department prior to commencing vacation rentals. The complex includes a private pool and spa.
Buildings A and B include five townhomes each, for a total of ten, with larger four-bedroom, three-bath floor plans. Building C contains six three-bedroom, two-and-one-half-bath townhomes. Exterior details include metal roofs, and the homes are constructed with CBS (concrete block) with stucco, with tile flooring throughout. The complex is fenced and includes lighting.
The property has natural gas throughout, including fully plumbed natural gas and gas-powered tankless water heaters, along with fully hurricane impact windows and doors and 10-foot high ceilings. Heating and cooling are electric, with central air and ceiling fans.
Zoning is R-2, which allows short-term rentals; vacation rental permits must be obtained from the Village of Tequesta Building Department prior to commencing vacation rentals. The complex includes a private pool and spa.
Key Highlights
- 1.54‑acre site with 16 townhomes totaling 32,302 SF
- Built in 2017 with metal roofs and CBS (concrete block) with stucco construction
- Three buildings A, B, and C: A & B have 5 each; C has 6 townhomes
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
$496,783
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
3.55%
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%
$9,935,660
$9.9M
Cap Rate 7%
$7,096,900
$7.1M
Cap Rate 9%
$5,519,811
$5.5M
Market Conditions
NOI Build-Up for 32,302 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
$945.8K $29.28/SF
− Vacancy
−$42.6K −$1.32/SF
EGI
$903.2K $27.96/SF
− OpEx
−$406.5K −$12.58/SF
NOI
$496.8K $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%
$9,935,660
Cap Rate 7%
$7,096,900
Cap Rate 9%
$5,519,811
Alternative Uses
Best Use
Apartment 5plus
$7.10M
$6.21M – $8.28M
NOI $496,783 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.75M
$19.91M – $26.54M
NOI $1,592,421 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 33469, FL
15,101
Population
8,284
Households
1.8
Avg Household Size
55
Median Age
50%
College-Educated
97%
High-School Grad
10.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$103,489
Median Household Income
$58,016
Median Earnings
$1,786
Median Rent
$552,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - R-2 zoned sixteen-unit townhome complex built in 2017 with private rooftop decks, garages, pool, and spa.
Where is this apartment building located?
The property is located at 3770 County Line Road Tequesta, FL.
What is the asking price?
The asking price for this property is $13,995,000.
What are key features of this property?
This property features: 1.54‑acre site with 16 townhomes totaling 32,302 SF; Built in 2017 with metal roofs and CBS (concrete block) with stucco construction; Three buildings A, B, and C: A & B have 5 each; C has 6 townhomes
