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    Ocean Ave Ave Lantana, FL 33462
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    Ocean Ave Ave Lantana, FL 33462

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    Current Use by Public Records

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    Property Details for Ocean Ave Ave

    Year built
    2004
    Property type
    Investment properties

    Description

    This exceptional business opportunity encompasses two established and highly successful full-body waxing studios located in the vibrant coastal town of Lantana, Florida. Each studio boasts a loyal clientele built on a reputation for superior service and a commitment to client comfort. The studios utilize premium, minimally painful wax imported directly from Spain, setting them apart from competitors and ensuring a consistently positive client experience. This turnkey operation includes all necessary equipment, fixtures, and established operational procedures. Beyond the existing studios, this offering presents the unique advantage of acquiring the master franchise rights. This allows for significant expansion potential, enabling the new owner to replicate the successful business model in new locations and capitalize on the growing demand for high-quality waxing services. The existing studios benefit from well-established customer loyalty programs, further solidifying their market position. This is a rare chance to acquire a profitable, established business with significant growth potential within the thriving beauty and personal care industry. The asking price for this exceptional opportunity is $500,000. The property itself is not included in the sale

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lantana
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0511
    Latitude
    26.5096

    Comparable in this City

    • Value Estimation
      $1,200,000
      1.00 Acre

      826 Dixie Hwy, Unit 2

      OFFICE/RESIDENTIAL (MIXED USE) • 1.00 Acre
      826 Dixie Hwy, Lantana, FL 33462-1803
      View Details
    • Value Estimation by Request
      310 SF

      111 Moorings Dr, Unit 31

      OFFICE/RESIDENTIAL (MIXED USE) • 310 SF
      111 Moorings Dr, Lantana, FL 33462-8019
      View Details
    • Value Estimation by Request
      328 SF

      113 Moorings Dr, Unit 34

      OFFICE/RESIDENTIAL (MIXED USE) • 328 SF
      113 Moorings Dr, Lantana, FL 33462-8019
      View Details
    • Value Estimation by Request
      462 SF

      117 Moorings Dr, Unit 39

      OFFICE/RESIDENTIAL (MIXED USE) • 462 SF
      117 Moorings Dr, Lantana, FL 33462-8019
      View Details
    • Value Estimation by Request
      2.00 Acres

      121 Moorings Dr, Unit 40

      OFFICE/RESIDENTIAL (MIXED USE) • 2.00 Acres
      121 Moorings Dr, Lantana, FL 33462-8019
      View Details
    • Value Estimation by Request
      558 SF

      115 Moorings Dr, Unit 37

      OFFICE/RESIDENTIAL (MIXED USE) • 558 SF
      115 Moorings Dr, Lantana, FL 33462-8019
      View Details

    Similar Nearby for Sale

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    • $815,000

      Lantana Commercial Bakery & More

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    • $7,000,000
      1.26 Acres

      Cleared Land Near Ocean Avenue

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      201 E Ocean Ave, Lantana, FL 33462
      View Details

    Similar Nearby for Lease

    • Contact for pricing

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      16,227 SF

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      Recently renovated retail space with high-traffic location.
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      10,000 SF

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    Lantana, FL 33462
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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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