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Property profile & analytics
OFF-MARKET Estimated value $14,395,000
Community centers

1105 Royal Palm Bch Blvd Royal Palm Beach, FL 33411-1641

55,954 SF 14.24 ac lot Built 1985
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4982950
Property summary
AI-generated overview

Village Royale Shopping Plaza, located at 1105 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411, presents a prime retail investment opportunity. This Class A, 125,414 square foot neighborhood center boasts a strong tenant mix including national brands like Winn Dixie Marketplace, Pet Supermarket, The UPS Store, Subway, Dairy Queen, and Papa Johns, alongside successful local businesses such as Jupiter Donuts, Los Agaves Mexican Restaurant, and Butterfields Diner. Three suites are currently available, ranging from 1,300 to 4,065 contiguous square feet, offering flexibility for various retail or restaurant concepts. The property sits on a 16.11-acre lot (APN: 72-41-43-23-21-003-0000), with excellent visibility and access from both Okeechobee Blvd and Royal Palm Beach Blvd. Ample parking is provided with 720 spaces. Built in 1985, the single-story building is zoned CG. Current CAM charges are $16.00 per square foot, and property taxes are $5 per square foot. Out-parcels include CVS Pharmacy, Wells Fargo, Burger King, and Bud's Chicken, further enhancing the property's desirability and traffic flow. This is an exceptional opportunity to secure space in a thriving retail center with strong anchors and high visibility in a desirable location.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1985
Construction CONCRETE
Total area 55,954 SF
Lot 14.24 ac (620,203 SF)
Zoning code CG
APN 72-41-43-23-21-003-0000
UPID US18-4982950
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
by Request
CAP Approach CAP
$16.57M
Comparable Approach Comparable
$13.63M
Blend (final) Blend
$14.40M
Owner & transaction history
Royal Palm Center LLC · 9 yrs held
Royal Palm Center LLC
since 2016
2 recorded transactions
2016
Price N/A
1969
Price N/A
Zoning & alternative use
CG · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $22.3M +0.9%
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