Occupied Multifamily
610 S BROADWAY #A, Lantana, FL 33462
For Sale
$1,215,000
The property reports full occupancy and was built for residential use.
Property Size2,492 SF
Days on Market12
Property Features for 610 S BROADWAY #A
General Information
Standard status
Size
Total Parking Spaces
Zoning
Occupancy
Net Operating Income
Additional Details
Cap Rate
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Box Real Estate LLC
Listed By:
Mario Fasanelli · License FL #3394615
(917) 405-1323
Source:
Laerrealty
Added: Nov 1
Changed: Nov 10
Last Checked: Nov 12 at 4:47AM
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 Box Real Estate LLC
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Investment Insights
Based on property information with market context.
This multifamily property in Lantana, Florida, was built in 1971. Reported occupancy is 100%, with a 7% cap rate.
Key Highlights
- 100% occupancy
- 7% CAP
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,079
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,580
$761.6K
Cap Rate 7%
$543,986
$544.0K
Cap Rate 9%
$423,100
$423.1K
Market Conditions
NOI Build-Up for 2,492 SF
Gross rent
$73.3K $29.40/SF
− Vacancy
−$4.0K −$1.62/SF
EGI
$69.2K $27.78/SF
− OpEx
−$31.2K −$12.50/SF
NOI
$38.1K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,580
Cap Rate 7%
$543,986
Cap Rate 9%
$423,100
Alternative Uses
Best Use
Apartment 5plus
$544.0K
$476.0K – $634.7K
NOI $38,079 @ 7.0% cap · market cap 3.13%
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.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
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Business Placement
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
$323,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Palm Beach County, FL
Properties on Market for Multifamily properties in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property reports full occupancy and was built for residential use.
Where is this multifamily property located?
The property is located at 610 S BROADWAY #A 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: 100% occupancy; 7% CAP; Built in 1971
