Property profile

1105 Royal Palm Bch Blvd Royal Palm Beach, FL 33411

OFF-MARKET
Community centers
Property ID
US18-4982950
55,954 SF 14.24 ac lot Built 1985
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

1105 Royal Palm Bch Blvd Royal Palm Beach, FL 33411-1641
Royal Palm Beach metro Census 7841 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2016
2 recorded transactions
2016
Price N/A
1969
Price N/A

Zoning & alternative use

CG · Royal Palm Beach, FL
Zoning description

The purpose and intent of this district is to provide for a variety of general retailing and personal service commercial activities in centrally located or easily accessible areas consistent with the village's comprehens…

General category COMMERCIAL
Top alternative use upside
Retail stores $22.3M +0.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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