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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Grocery and convenience stores
112 Lantana Rd, Lantana, FL 33462-2921
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4175505
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2018
Construction
CONCRETE
Total area
3,240 SF
Lot
0.88 ac (38,407 SF)
Zoning code
C1
APN
40-43-45-03-14-001-0010
UPID
US18-4175505
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
$495k
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$790k
Owner & transaction history
308 N Dixie LLC · 3 yrs held
308 N Dixie LLC
since 2023
7 recorded transactions
Zoning & alternative use
C1 · Lantana, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lantana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lantana submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,180,000
Current use
MEDICAL BUILDING
$1,275,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,005,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$244 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,617
Tax year 2023
Assessed value
$2,844,561
Assessed 2023
Previous assessed
$2,844,561
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,881,461
Assessed improvement
$963,100
Land market value
$1,881,461
Improvement market value
$963,100
Total market value
$2,844,561
Applied tax rate
40,534.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,240 SF
Lot
0.88 ac (38,407 SF)
Zoning code
C1
APN
40-43-45-03-14-001-0010
UPID
US18-4175505
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C1 · Lantana, FL
Zoning C1 · permitted uses
C1 · Lantana, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lantana. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
308 N Dixie LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1200 SE ATLANTIC DR, LANTANA, FL 33462-4781
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
$1,252,125
308 N Dixie LLC
Petroleum Ventures LLC
Warranty Deed
—
May 1, 2019
$3,500,000
Lilac LLC
Petroleum Ventures LLC
Warranty Deed
—
Apr 17, 2018
—
Petroleum Ventures LLC
—
Deed
related
$2,500,000 · Flagler Bk
Jul 26, 2016
—
Petroleum Ventures LLC
—
Deed
related
$850,000 · Flagler Bk
Dec 1, 2015
$1,700,000
Petroleum Ventures LLC
G3 Investment Trust LLC
Warranty Deed
—
Jan 12, 2015
$1,087,500
G3 Investment Trust LLC
Branch Bkng & Trust Co
Grant Deed
—
Mar 31, 2014
$1,226,100
Branch Bkng & Trust Co
Janita II LLC Coc
Trustees Deed
related
—
Apr 12, 2006
$1,700,000
Jantana II LLC
Ddm Real Estate Holding
Trustees Deed
$2,300,000 · Commercial Bank Florida
Jun 18, 2004
$100,000
Ddm Real Estate Holding Co
Vanhoogen,thomas N & Paula A
Grant Deed
$100,000 · Thomas N & Paula A Vanhoogen
Jun 18, 2004
$1,180,000
Ddm Real Estate Holding Co
Auto Wash INC
Warranty Deed
$730,000 · Auto Wash INC
Mar 4, 2003
$90,000
Thomas N Vanhoogen
Alexandr,lina M
Grant Deed
—
Feb 25, 1999
$20,500
Lina M Alexander
Alexander,donald L
Grant Deed
related
—
—
—
Petroleum Ventures LLC
—
Deed Of Trust
related
$850,000 · Flagler Bk
—
—
Jantana II LLC
—
Deed Of Trust
related
$650,000 · Commercial Bank Florida
—
—
Petroleum Ventures LLC
—
Loan Modification
related
$2,500,000 · Flagler Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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