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    11001 Southern Blvd Royal Palm Beach, FL 33411-4240
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    Property profile & analytics

    11001 Southern Blvd, Royal Palm Beach, FL 33411-4240

    View on Map
    • Community centers
    • 67,541 SF
    • 49.95 lot acres
    Off-Market
    Property ID
    US18-4776067
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $22,465,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 11001 Southern Blvd

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    49.95 lot acres
    Zone code
    CG
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    72-41-43-35-10-001-0000
    APU
    72414335100010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 15, 2019 $96,750,000 Ivt Sthrn Royal Palm Bch 1031 Bpp Southern Palm LLC Grant Deed —
    Apr 4, 2016 $78,500,000 Bpp Southern Palm LLC Centre On Southern Lllp Grant Deed $66.7M · * Other Institutional Lenders
    — — Bor Royal Pb LLC — Deed Of Trust · related $1.6M · Irwin Franchise Capital Corp

    Description

    This exceptional retail property, Southern Palm Crossing, located at 11001 Southern Blvd in Royal Palm Beach, Florida (zip code 33411), offers 7,020 square feet of prime commercial space for lease. The building is comprised of four individual suites, currently entirely vacant, presenting a unique opportunity for multiple tenants or a single occupant seeking a larger space. Each suite offers flexibility, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 2,040 square feet. This allows for adaptability to various business needs and expansion plans. The property's strategic location in Palm Beach County ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and convenient access for customers. The property is categorized as a multi-tenant retail building, providing a diverse and vibrant environment. This is a rare opportunity to secure a substantial retail space in a thriving Florida community. The address is easily accessible and highly visible, offering excellent potential for business growth and success. The entire 7,020 square feet is available for lease immediately. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,190,000
      6.5%
      $16,790,000
      7%
      $15,590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,174,000
      Market price range: $13.4M - $28.2M
      AI Estimate
      $22,430,000
      Market price range: $3.03M - $22.4M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $19,885,000
      Current use
      MEDICAL BUILDING
      $36,550,000
      Change: +84% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $34,760,000
      Change: +75% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $28,195,000
      Change: +42% Conversion: Difficult
      RETAIL STORES
      $28,025,000
      Change: +41% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Royal Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2229
    Latitude
    26.6826
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,415,107
    $28,637,636
    $40,828,756
    $69,466,392
    -
    $28,637,636
    $40,828,756
    $69,466,392

    Comparable in this City

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    • Value Estimation
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      10109 Southern Blvd

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    • Value Estimation
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      19,740 SF

      10229 Okeechobee Blvd

      MINI-MALL
      10229 Okeechobee Blvd, Royal Palm Beach, FL 33411-1403
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    • Value Estimation
      $12,945,000
      54,273 SF

      6907 Okeechobee Blvd

      MINI-MALL
      6907 Okeechobee Blvd, West Palm Beach, FL 33411-2509
      View Details
    • Value Estimation by Request
      11,440 SF

      573 State Rd 7th 7

      MINI-MALL
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      195,248 SF

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      High-Yield Retail Investment, 100% Leased
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      View Details
    • New
      $1,650,000
      2,264 SF

      Downtown West Palm Beach Retail Unit

      2,264 SF retail unit in downtown West Palm Beach.
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    • $100,000

      Royal Palm Beach Business Opportunity

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    • $500,000
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      Gas Station with Car Wash

      Gas station, car wash, and convenience store for sale.
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      1,800 SF

      Industrial Flex Condo For Sale

      Premium industrial flex condo blending corporate presence with operational capacity.
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      Retail Space For Sale

      Retail space available for purchase in Royal Palm Beach.
      1201 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411
      View Details

    Similar Nearby for Lease

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      19,361 SF

      Retail Space at Busy Intersection

      Retail space in Royal Palm Beach with high traffic volume.
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      23,676 SF

      Retail Space in Royal Palm Beach

      Premier power center with high traffic and income demographics.
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      1,920 SF

      Retail Space in Royal Palm

      Retail space available in a shopping center anchored by Costco.
      11021-11041 Southern Blvd, Royal Palm Beach, FL 33411
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      1,400 SF

      Retail Space in West Palm

      Retail space available in Publix-anchored neighborhood center.
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      Retail Space in Wellington Power Center

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    Royal Palm Beach, FL 33411-4240
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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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