Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11935 Southern Blvd Royal Palm Beach, FL 33411-7619
    Back to Search
    Property profile & analytics

    11935 Southern Blvd, Royal Palm Beach, FL 33411-7619

    View on Map
    • Grocery and convenience stores
    • 52,341 SF
    • 10.99 lot acres
    Off-Market
    Last Sale Sep 4, 2024
    $21,000,000
    Property ID
    US18-5000501
    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
    $21,000,000
    Show details
    Cap Rate Potential
    3.5%
    Grocery and convenience stores
    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 11935 Southern Blvd

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    10.99 lot acres
    Zone code
    CG
    Property type
    Grocery and convenience stores
    APN
    72-41-43-34-10-000-0000
    APU
    72414334100000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 4, 2024 $21,000,000 Real Sub LLC Crestwood Square Ltd Special Warranty Deed —
    Jan 2, 2018 — Crestwood Square Ltd — Loan Modification · related $5M · Miscellaneous Ins Co
    Nov 25, 2009 — Crestwood Square Ltd — Trustees Deed · related $4.9M · J P Morgan Chase Bank
    Sep 30, 2009 — Crestwood Square Ltd — Trustees Deed · related $4.9M · J P Morgan Chase Bank
    — — Crestwood Square Ltd — Deed Of Trust · related $4.9M · Northwestern Mutual Life Ins
    — — Crestwood Square Ltd — Deed Of Trust · related $4.9M · J P Morgan Chase Bank
    — — Crestwood Square Ltd — Loan Modification · related $4.7M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $21,000,000
      ML approach
      $21,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,539,000
      Market price range: $12.2M - $31.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $21,720,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $31,170,000
      Change: +44% Conversion: Difficult
      MEDICAL BUILDING
      $28,325,000
      Change: +30% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $26,940,000
      Change: +24% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $21,850,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $18,410,000
      Change: -15% 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
    -80.2451
    Latitude
    26.6831
    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
    $363,984
    $5,131,943
    $10,637,369
    $15,769,312
    -
    $5,131,943
    $10,637,369
    $15,769,312

    Comparable in this City

    • Value Estimation
      $730,000
      2,994 SF

      10274 Okeechobee Blvd

      CONVENIENCE STORE
      10274 Okeechobee Blvd, Royal Palm Beach, FL 33411-1405
      View Details
    • Value Estimation
      $1,415,000
      5,980 SF

      665 Royal Palm Bch Blvd

      CONVENIENCE STORE
      665 Royal Palm Bch Blvd, Royal Palm Beach, FL 33411-7635
      View Details
    • Value Estimation
      $670,000
      2,600 SF

      1201 Royal Palm Bch Blvd

      CONVENIENCE STORE
      1201 Royal Palm Bch Blvd, Royal Palm Beach, FL 33411-1637
      View Details
    • Value Estimation
      $810,000
      3,120 SF

      8971 Okeechobee Blvd

      CONVENIENCE STORE
      8971 Okeechobee Blvd, West Palm Beach, FL 33411-1826
      View Details
    • Value Estimation
      $790,000
      3,924 SF

      10175 Okeechobee Blvd

      CONVENIENCE STORE
      10175 Okeechobee Blvd, Royal Palm Beach, FL 33411-1404
      View Details
    • Value Estimation
      $740,000
      3,331 SF

      1009 State Rd 7th 7

      CONVENIENCE STORE
      1009 State Rd 7th 7, Royal Palm Beach, FL 33411-5117
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,331 SF

      Profitable Gas Station For Sale

      Gas station and convenience store for sale in Royal Palm Beach.
      1009 N State Road 7, Royal Palm Beach, FL 33411
      View Details
    • $500,000
      3,331 SF

      Gas Station with Car Wash

      Gas station, car wash, and convenience store for sale.
      1009 N State 7 Rd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing

      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
    • $100,000

      Royal Palm Beach Business Opportunity

      Turnkey barbershop with modern build-out and strong clientele.
      1120 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      195,248 SF

      West Palm Beach Shopping Center

      High-Yield Retail Investment, 100% Leased
      0 Southern Blvd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      14,588 SF

      West Palm Beach Retail Property

      Retail property available for sale in West Palm Beach, FL.
      8480 Okeechobee Blvd, West Palm Beach, FL 33411
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,676 SF

      Retail Space in Royal Palm Beach

      Premier power center with high traffic and income demographics.
      501-543 N State Road 7, West Palm Beach, FL 33411
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      15,142 SF

      Prime Retail Space Available

      Retail space with high visibility and convenient access.
      9701 Belvedere Rd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      21,600 SF

      Retail Space in Wellington Power Center

      Premier retail location near Wellington Green and Wellington Regional Medical Center.
      816-1040 S State Road 7, Wellington, FL 33411
      View Details
    • Contact for pricing
      1,680 SF

      Retail Space Near Costco

      Retail space available in a shopping center anchored by Costco.
      11051-11071 Southern Blvd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      975 SF

      Retail Space in Royal Palm Beach

      Retail space available for lease in Royal Palm Beach, FL.
      1105-1145 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11935 Southern Blvd
    Royal Palm Beach, FL 33411-7619
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11935 Southern Blvd, Royal Palm Beach, FL, 33411
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!