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    8708-8776 Lantana Rd Wellington, FL 33467

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    8708-8776 Lantana Rd Wellington, FL 33467

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    • Retail properties & Spaces
    • 36,094 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 8708-8776 Lantana Rd

    Property size
    36,094 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Merchant's Walk, located at 8708-8776 Lantana Rd in Lake Worth, Florida (zip code 33467), offers exceptional retail, office, and restaurant space in Palm Beach County. This new development comprises three single-story buildings totaling 36,094 square feet, with three suites available. The property features a variety of space options, suitable for traditional office, medical office, and creative office uses, as well as restaurant tenants. Suite sizes range from a minimum of 1,320 square feet to a maximum of 17,364 square feet, allowing for flexibility to accommodate various business needs. The development is conveniently situated on Lantana Road, just east of Lyons Road, providing easy access to the 441 corridor and the Turnpike. The property's location within the vibrant community of Wellington offers high visibility and strong potential for attracting customers and employees. The anticipated completion date is March 2024. This development is ideal for businesses seeking a modern, well-located space in a thriving area. The property type includes retail, office, and restaurant options, with a drive-thru available for qualifying restaurant tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1853
    Latitude
    26.5907

    Comparable in this City

    • Value Estimation by Request
      25,878 SF

      7407 Lake Worth Rd

      Restaurants • 25,878 SF
      7407 Lake Worth Rd, Lake Worth, FL 33467
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    • Value Estimation by Request
      93,218 SF

      8899 Lantana Rd

      Medical Office Space • 93,218 SF
      8899 Lantana Rd, Lake Worth, FL 33467
      View Details
    • Value Estimation
      $525,000
      2,640 SF

      4750 Jog Rd

      MEDICAL BUILDING • 2,640 SF
      4750 Jog Rd, Greenacres, FL 33467-5119
      View Details
    • Value Estimation
      $15,005,000
      31,847 SF

      7408 Lk Worth Rd

      MEDICAL BUILDING • 31,847 SF
      7408 Lk Worth Rd, Lake Worth, FL 33467-2502
      View Details
    • Value Estimation
      $2,390,000
      10,921 SF

      6045 Hagen Rnch Rd

      MEDICAL BUILDING • 10,921 SF
      6045 Hagen Rnch Rd, Lake Worth, FL 33467-7251
      View Details
    • Value Estimation
      $655,000
      4,143 SF

      7138 Lk Worth Rd

      MEDICAL BUILDING • 4,143 SF
      7138 Lk Worth Rd, Lake Worth, FL 33467-2970
      View Details

    Similar Nearby for Sale

    • $499,999
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      Prime Commercial Land Opportunity

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    • $90,000

      Established Medical Practice For Sale

      Medical practice with established patient base and high-traffic location.
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      Established Restaurant in Shopping Plaza

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    • $3,500,000
      14,629 SF

      Free-Standing Walgreens in Lake Worth

      Operating Walgreens drugstore with triple-net ground lease.
      6558 Lantana Rd, Lake Worth, FL 33467
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    Similar Nearby for Lease

    • Contact for pricing

      Retail, Office & Restaurant Space

      New retail, office, and restaurant development in Lake Worth.
      8708-8776 Lantana Rd, Lake Worth, FL 33467
      View Details
    • Contact for pricing
      3,282 SF

      Medical Office Space Available

      B+ medical office space with on-site surgery center.
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      Medical Office Space For Rent

      Medical office building in central Palm Beach County location.
      7408 Lake Worth Rd, Greenacres, FL 33467
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      Retail Property Near Airport

      Retail space for lease with immediate airport access.
      4050 Hooks Rd, Wellington, FL 33467
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      1,294 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      8831 Hypoluxo Rd, Lake Worth, FL 33467
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    • Contact for pricing
      1,750 SF

      Lake Worth Retail Space Available

      Grocery-anchored shopping center with available retail space for lease.
      6169 S Jog Rd, Lake Worth, FL 33467
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    8708-8776 Lantana Rd
    Wellington, FL 33467
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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.

    More about this property
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