Occupied Apartment
New
For Sale
$1,215,000
610 S BROADWAY, Lantana, FL
Commercial Sale, Lantana, FL
Property Size2,492 SF
Lot Size0.30 Acres
Price / SF$487.56
Days on Market6
Property Features for 610 S BROADWAY
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R15 (city)
Parking
7
Parking features
Assigned
Subdivision
5640
Standard status
Active
APN
40434503150160310
Size
2,492 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 1 GREYNOLDS HIGHLANDS LTS 31 TO 34 INC & W 10 FT OF ABND 20 FT ALLEY LYG E OF & ADJ TO BLK 16
Tax Annual Amount
17556
Legal Description
UNIT 1 GREYNOLDS HIGHLANDS LTS 31 TO 34 INC & W 10 FT OF ABND 20 FT ALLEY LYG E OF & ADJ TO BLK 16
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1971
Floors in Building
1
Number of units
6
Flooring type
Tile, Carpet
Building materials
Block, Stone, Stucco
Roof type
Shingle
Listing Agency:
Box Real Estate LLC
(954) 526-3900
Listed By:
Mario Fasanelli · License #3394615
(917) 405-1323
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 31 at 7:06PM
MLS# B26094598
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.
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Investment Insights
Based on property information with market context.
This apartment property in Lantana contains 2,492 square feet on a 0.3-acre parcel. Built in 1971, the building has block, stone, and stucco construction, tile and carpet flooring, and central heating and air conditioning. Assigned parking is provided. Cable is available, the water source is a well, and the property is connected to public sewer.
The property is fully occupied and carries a 7% cap rate. City zoning is R15. Located in Palm Beach County, the building is on South Broadway in Lantana, Florida.
The property is fully occupied and carries a 7% cap rate. City zoning is R15. Located in Palm Beach County, the building is on South Broadway in Lantana, Florida.
Key Highlights
- 2,492‑square‑foot apartment building on a 0.3‑acre parcel
- Fully occupied with a 7% cap rate
- Built in 1971; city zoning is R15
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,325
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,500
$766.5K
Cap Rate 7%
$547,500
$547.5K
Cap Rate 9%
$425,833
$425.8K
Market Conditions
NOI Build-Up for 2,492 SF
Gross rent
$73.0K $29.28/SF
− Vacancy
−$3.3K −$1.32/SF
EGI
$69.7K $27.96/SF
− OpEx
−$31.4K −$12.58/SF
NOI
$38.3K $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%
$766,500
Cap Rate 7%
$547,500
Cap Rate 9%
$425,833
Alternative Uses
Best Use
Apartment 5plus
$547.5K
$479.1K – $638.8K
NOI $38,325 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,850 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Central heating and air conditioning serve the building, with assigned parking.
Where is this apartment building located?
The property is located at 610 S BROADWAY Lantana, FL.
What is the asking price?
The asking price for this property is $1,215,000.
What are key features of this property?
This property features: 2,492‑square‑foot apartment building on a 0.3‑acre parcel; Fully occupied with a 7% cap rate; Built in 1971; city zoning is R15
