Freestanding Retail
For Sale
Contact for pricing
888 E Coast Avenue, Lantana, FL 33462
Freestanding retail building with 10 parking spaces and freshly repainted exterior, positioned for prominent exposure on a busy corridor.
Property Size1,202 SF
Lot Size0.11 Acres
Price / SF$473.38
Days on Market259
Property Features for 888 E Coast Avenue
General Information
Standard status
Active
Size
1,202 SF
Total Parking Spaces
10
Lot size
0.11 Acres
Property subtype
Retail, Business for Sale, Office, Special Purpose, Industrial
Zoning
C-1
Additional Details
Highway Access
Yes
Building Details
Year Built
1977
Listing Agency:
KW Reserve Palm Beach
(561) 678-5584
Listed By:
Loodmy Jacques · License #3222697
Source:
Crexi
Added: Nov 21, 2025
Changed: Jul 10
Last Checked: Aug 6 at 8:34AM
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 KW Reserve Palm Beach
Investment Insights
Based on property information with market context.
This free-standing retail building is situated on a 4,582 sq. ft. lot and offers 1,202 sq. ft. of retail space. The property includes 10 parking spaces, an important convenience factor for tenants and customers. The building has been freshly repainted, supporting a clean, current curb presence.
The location provides exposure along busy US1, with visibility to constant daily traffic. The building sits in the heart of a high-demand commercial corridor surrounded by a mix of national retailers, local shops, restaurants, hotels, and service businesses.
With C-1 zoning, the property is positioned for retail users seeking a standalone format with direct customer access and on-site parking. It also presents an option for investors evaluating a retail asset supported by consistent traffic exposure and a straightforward site configuration. The combination of a free-standing building, visible positioning, and available parking makes it a practical fit for retail-oriented concepts that benefit from storefront presence.
The location provides exposure along busy US1, with visibility to constant daily traffic. The building sits in the heart of a high-demand commercial corridor surrounded by a mix of national retailers, local shops, restaurants, hotels, and service businesses.
With C-1 zoning, the property is positioned for retail users seeking a standalone format with direct customer access and on-site parking. It also presents an option for investors evaluating a retail asset supported by consistent traffic exposure and a straightforward site configuration. The combination of a free-standing building, visible positioning, and available parking makes it a practical fit for retail-oriented concepts that benefit from storefront presence.
Key Highlights
- Free‑standing retail building built in 1977
- 1,202 sq. ft. retail building on a 4,582 sq. ft. lot
- C‑1 zoning
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
$20,325
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
3.57%
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%
$406,500
$406.5K
Cap Rate 7%
$290,357
$290.4K
Cap Rate 9%
$225,833
$225.8K
Market Conditions
NOI Build-Up for 1,202 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
$31.7K $26.40/SF
− Vacancy
−$2.7K −$2.24/SF
EGI
$29.0K $24.16/SF
− OpEx
−$8.7K −$7.25/SF
NOI
$20.3K $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%
$406,500
Cap Rate 7%
$290,357
Cap Rate 9%
$225,833
Alternative Uses
Best Use
Retail
$290.4K
$254.1K – $338.8K
NOI $20,325 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$846.5K
$740.7K – $987.6K
NOI $59,256 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 32%
Dining 27%
Apparel 4%
Winn-Dixie
Groceries
23,426 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,539 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,657 visits/mo
0.4 miles
Burger King
Dining
7,274 visits/mo
0.4 miles
Bank of America
Shops & Services
5,787 visits/mo
0.2 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
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with 10 parking spaces and freshly repainted exterior, positioned for prominent exposure on a busy corridor.
Where is this retail space located?
The property is located at 888 E Coast Avenue Lantana, FL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Free‑standing retail building built in 1977; 1,202 sq. ft. retail building on a 4,582 sq. ft. lot; C‑1 zoning
