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    788 Johnson Ln Royal Palm Beach, FL 33411
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    788 Johnson Ln Royal Palm Beach, FL 33411

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    Property Details for 788 Johnson Ln

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 788 Jonson Lane property presents a unique opportunity for industrial development in Palm Beach County. The land is designated for single-tenant occupancy, offering significant potential for businesses seeking a dedicated space. Currently undeveloped, this parcel provides a blank canvas for customized construction, allowing for the creation of a facility perfectly tailored to specific operational needs. Its location within Palm Beach County offers access to key transportation arteries and a robust workforce, making it an attractive proposition for a variety of industrial uses. The single-tenant nature of the property ensures exclusive use and control, minimizing potential conflicts and maximizing operational efficiency. Further details regarding the exact size and zoning regulations of the land parcel will be made available shortly. This is an ideal opportunity for investors or businesses seeking to establish a strong presence in a thriving South Florida market. Interested parties are encouraged to inquire for more information and to schedule a site visit as soon as details become available. The property is classified as industrial land and is ready for immediate development. This represents a rare chance to acquire a prime piece of industrial real estate in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Royal Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1794
    Latitude
    26.6884

    Comparable in this City

    • Value Estimation by Request
      4.67 Acres

      788 Johnson Ln

      Land • 4.67 Acres
      788 Johnson Ln, Royal Palm Beach, FL 33411
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    • Value Estimation by Request
      1,216 SF

      9020 Bellhurst Way Ste, Unit 104

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,216 SF
      9020 Bellhurst Way Ste, West Palm Beach, FL 33411-3617
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    • Value Estimation by Request
      128,550 SF

      Aldi Way

      Distribution properties • 128,550 SF
      0 Aldi Way, Royal Palm Beach, FL 33411
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      4,320 SF

      7641-7673 Hooper Rd

      Distribution properties • 4,320 SF
      7641-7673 Hooper Rd, West Palm Beach, FL 33411
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    • Value Estimation by Request
      1,235 SF

      9020 Bellhurst Way Ste, Unit 102

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,235 SF
      9020 Bellhurst Way Ste, West Palm Beach, FL 33411-3617
      View Details
    • Value Estimation
      $1,350,000
      2,265 SF

      8452 Belvedere Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,265 SF
      8452 Belvedere Rd, West Palm Beach, FL 33411-3225
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      Land Available For Lease

      Land for lease at 7959 Southern Blvd, West Palm Beach.
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      Land For Rent

      Single tenant land available for rent.
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      West Palm Beach Storage Space

      Ideal for parking, equipment, or IOS storage in West Palm.
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      3,220 SF

      West Palm Beach Flex Space

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    • $29 SF/Yr
      11,398 SF

      Updated Industrial Space Available

      Flexible industrial space with office and warehouse components for lease.
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      1,525 SF

      West Palm Beach Flex Space

      Flex space available for lease in West Palm Beach, FL.
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    Royal Palm Beach, FL 33411
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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