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Property profile & analytics
OFF-MARKET Estimated value $730,000
Grocery and convenience stores

1100 Royal Palm Bch Blvd Royal Palm Beach, FL 33411-1662

3,132 SF 0.92 ac lot Built 2021
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US18-5492066
Property summary
AI-generated overview

This exceptional retail opportunity is situated at the highly visible hard corner of Okeechobee Boulevard and Royal Palm Beach Boulevard in Royal Palm Beach, Florida, within Palm Beach County. The Crossroads shopping center, recently renovated, boasts a brand-new façade, updated landscaping, and a freshly paved parking lot. This 129,344 square foot center enjoys a prime location with over 61,000 vehicles passing daily. The center features a strong tenant mix including Walgreens, Bank of America, and Tire Kingdom, anchored by a recently expanded and renovated Publix supermarket, scheduled to reopen in June 2023. Available spaces range from a minimum of 1,491 square feet to a maximum contiguous space of 975 square feet, with a total of 2,466 square feet currently vacant. Ideal for a variety of retail or restaurant concepts, this location offers unparalleled visibility and access to a dense population. The property's recent renovations ensure a modern and attractive environment for both tenants and customers. This is a rare opportunity to secure space in a thriving, well-maintained shopping center with exceptional traffic counts and a strong anchor tenant. Lease terms are available upon request.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2021
Construction CONCRETE
Total area 3,132 SF
Lot 0.92 ac (39,997 SF)
Zoning code CG
APN 72-41-43-23-00-000-7030
UPID US18-5492066
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
$780k
Comparable Approach Comparable
$899k
Blend (final) Blend
$730k
Owner & transaction history
7 ELEVEN INC
7 ELEVEN INC
Zoning & alternative use
CG · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.1M +19.5%
Office building $985,000 +7.0%
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