Freestanding Retail
For Sale
$499,000
888 E Coast Avenue, Lantana, FL 33462
Commercial Sale, Lantana, FL
Property Size1,202 SF
Lot Size0.10 Acres
Price / SF$415.14
Days on Market287
Property Features for 888 E Coast Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
C1(cit
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Take Exit 61. Turn left to W Lantana Rd. Turn right to N Broadway. Turn left to W Perry St, which continues onto E Coast Ave
Subdivision
5610
Standard status
Active
APN
40434503150130010
Size
1,202 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GREYNOLDS HIGHLANDS LTS 1 & 2 BLK 13 & ELY 40 FT ABND EAST COAST AVE R/W AS IN OR12553P326 LYG W OF & ADJ TO
Tax Annual Amount
6904
Legal Description
GREYNOLDS HIGHLANDS LTS 1 & 2 BLK 13 & ELY 40 FT ABND EAST COAST AVE R/W AS IN OR12553P326 LYG W OF & ADJ TO
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1977
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
CBS
Roof type
Concrete, Tile
Listing Agency:
KW Reserve Palm Beach · Keller Williams Realty
(561) 966-4000
Listed By:
Loodmy Jacques · License #3222697
(561) 678-5584
Added: Nov 19, 2025
Changed: Sep 1
Last Checked: Sep 2 at 12:06AM
MLS# R11142257
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.
This freestanding retail storefront contains 1,202 square feet on a 4,582-square-foot lot. The building was constructed in 1977 with CBS materials and includes a bathroom, vinyl flooring, central air, and electric systems for heating and cooling. Recent repainting provides an updated exterior presentation, while the property includes 10 parking spaces.
Located at 888 E Coast Avenue in Lantana, the property fronts US1 and sits within a commercial corridor that includes national retailers, local shops, restaurants, hotels, and service businesses. Its standalone format and existing retail improvements provide a defined commercial footprint for an owner-user or retail operation.
Located at 888 E Coast Avenue in Lantana, the property fronts US1 and sits within a commercial corridor that includes national retailers, local shops, restaurants, hotels, and service businesses. Its standalone format and existing retail improvements provide a defined commercial footprint for an owner-user or retail operation.
Key Highlights
- 1,202‑square‑foot freestanding retail building
- 4,582‑square‑foot lot with 10 parking spaces
- Located along US1 at 888 E Coast Avenue
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
4.07%
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 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$846.5K
$740.7K – $987.6K
NOI $59,256 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 34%
Dining 25%
Apparel 3%
Winn-Dixie
Groceries
23,426 visits/mo
0.3 miles
Dollar Tree
Shops & Services
10,539 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,657 visits/mo
0.1 miles
Burger King
Dining
7,274 visits/mo
0.1 miles
Bank of America
Shops & Services
5,787 visits/mo
0.3 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.
Similar Off Market Nearby
- Haiti Roses — 5090 san castle blvd, lantana, fl 33462
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone commercial building with dedicated parking, recent repainting, and access to a well-established retail corridor.
Where is this storefront property located?
The property is located at 888 E Coast Avenue Lantana, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,202‑square‑foot freestanding retail building; 4,582‑square‑foot lot with 10 parking spaces; Located along US1 at 888 E Coast Avenue
