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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Retail space
202 Ocean Ave Lantana, FL 33462-3207
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1874733
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
WOOD
Total area
2,270 SF
Lot
0.48 ac (20,926 SF)
Zoning code
C1
APN
40-43-45-03-14-008-0010
UPID
US18-1874733
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
$400k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$670k
Owner & transaction history
East Ocean Plaza LLC · 2 yrs held
East Ocean Plaza LLC
since 2024
7 recorded transactions
Zoning & alternative use
C1 · Lantana, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+42.3%
Auto repair, garage
$935,000
+32.9%
Medical building
$895,000
+27.2%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
RETAIL STORES
$705,000
Current use
OFFICE BUILDING
$1,000,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$935,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$895,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$630,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$295 / 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
$36,465
Tax year 2023
Assessed value
$1,689,644
Assessed 2023
Previous assessed
$1,500,696
+12.6% YoY
Effective rate
2.16%
On assessed value
Assessed land
$717,518
Assessed improvement
$972,126
Land market value
$717,518
Improvement market value
$972,126
Total market value
$1,689,644
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,270 SF
Lot
0.48 ac (20,926 SF)
Zoning code
C1
APN
40-43-45-03-14-008-0010
UPID
US18-1874733
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
RETAIL STORES Current
Est. value
$705,000
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$935,000
MEDICAL BUILDING
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$630,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1956
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
East Ocean Plaza LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4000 S OCEAN BLVD APT #103, SOUTH PALM BEACH, FL 33480-5829
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
East Ocean Plaza LLC
—
Deed
related
$250,000 · Lamb Capital LLC
Jan 25, 2024
—
East Ocean Plaza LLC
The Small Corporation
Quit Claim Deed
related
—
Jun 12, 2019
—
Phyllis H Small
—
Deed
related
$1,500,000 · Other Institutional Lenders
Feb 20, 2018
—
Phyllis H Small
—
Trustees Deed
related
$1,500,000 · Lamb Capital LLC
—
—
Suzetta S Rosenzweig
—
Deed Of Trust
related
$2,850,000 · Grand Bank & Trust Of Florida
—
—
Phyllis H Small
—
Loan Modification
related
$1,500,000 · Other Institutional Lenders
—
—
Small Corp
—
Deed Of Trust
related
$811,996 · Grand Bank & Trust Of Florida
—
—
Suzetta S Rosenzweig
—
Deed Of Trust
related
$629,000 · Grand Bank & Trust Of Florida
—
—
Suzetta S Rosenzweig
—
Deed Of Trust
related
$2,850,000 · Grand Bank & Trust Of Florida
—
—
Small Corporation
—
Deed Of Trust
related
$425,000 · Grand Bank Florida
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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