Lantana Retail Center For
For Sale
Contact for pricing
503 Ridge Rd, Lantana, FL 33462
Retail center adjacent to Publix with value-add potential.
Property Size10,862 SF
Lot Size0.78 Acres
Price / SF$285.40
Days on Market148
Property Features for 503 Ridge Rd
General Information
Standard status
Active
Size
10,862 SF
Lot size
0.78 Acres
Property subtype
Retail
Occupancy
21%
Lease Type
Net
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0289
Listed By:
Deno Bistolarides · License #6502378067
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Jul 31 at 6:33AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
The retail center located at 503-523 Ridge Rd, Lantana, FL 33462, offers a prime investment opportunity in Palm Beach County, FL. This 10,862 square foot retail center is adjacent to a high-performing Publix grocery store. Situated on 0.78 acres, the property features five units. The location is near major retailers such as Costco, McDonald's, and Dunkin. The area has over 700 recently developed residential apartment units. The location benefits from a densely populated area with over 252,000 residents within a 5-mile radius. Daily traffic counts exceed 36,500 vehicles on Lantana Rd. The average household incomes are $81,983 within 1 mile. The property offers value-add potential and significant income potential.
Key Highlights
- Adjacent to a high‑performing Publix grocery store, ensuring consistent customer traffic.
- Located in a densely populated area with over 252,000 residents within a 5‑mile radius.
- High daily traffic counts exceeding 36,500 vehicles on Lantana Rd.
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
$183,668
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
5.92%
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%
$3,673,360
$3.7M
Cap Rate 7%
$2,623,829
$2.6M
Cap Rate 9%
$2,040,756
$2.0M
Market Conditions
NOI Build-Up for 10,862 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
$286.8K $26.40/SF
− Vacancy
−$24.4K −$2.24/SF
EGI
$262.4K $24.16/SF
− OpEx
−$78.7K −$7.25/SF
NOI
$183.7K $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 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%
$3,673,360
Cap Rate 7%
$2,623,829
Cap Rate 9%
$2,040,756
Alternative Uses
Best Use
Retail
$2.62M
$2.30M – $3.06M
NOI $183,668 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.65M
$6.69M – $8.92M
NOI $535,474 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
383k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Shops & Services 24%
Dining 21%
Groceries 18%
Costco Wholesale
Superstores
130,702 visits/mo
0.2 miles
Costco Gasoline
Shops & Services
51,031 visits/mo
0.3 miles
Publix
Groceries
43,786 visits/mo
0.1 miles
Chick-fil-A
Dining
37,754 visits/mo
0.3 miles
McDonald's
Dining
30,604 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center adjacent to Publix with value-add potential.
Where is this shopping center located?
The property is located at 503 Ridge Rd Lantana, FL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Adjacent to a high‑performing Publix grocery store, ensuring consistent customer traffic.; Located in a densely populated area with over 252,000 residents within a 5‑mile radius.; High daily traffic counts exceeding 36,500 vehicles on Lantana Rd.
