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Property profile & analytics
FOR SALE
Strip malls
503 Ridge Rd Lantana, FL 33462
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4446527
For Sale
1 / 6
Contact for pricing
503 Ridge Rd, Lantana, FL 33462
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
CONCRETE
Total area
9,710 SF
Lot
0.78 ac (33,868 SF)
Zoning code
C1
APN
40-43-44-33-48-000-0010
UPID
US18-4446527
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
$2.19M
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Aiz Land Holdings LLC · 5 yrs held
Aiz Land Holdings LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
C1 · Lantana, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1.13 ac
Source
Realmo
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
$2,245,000
ML approach
$2,185,000
CAP Approach
CAP Return
Estimation
6%
$3,115,000
6.5%
$2,875,000
7%
$2,670,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,010,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10% · vs last sale $1.90M (Feb 17 2021)
Last sale anchor
$1.90M
Feb 17 2021
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
$212 / 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
$45,451
Tax year 2023
Assessed value
$2,211,295
Assessed 2023
Previous assessed
$2,138,526
+3.4% YoY
Effective rate
2.06%
On assessed value
Assessed land
$508,005
Assessed improvement
$1,703,290
Land market value
$508,005
Improvement market value
$1,703,290
Total market value
$2,211,295
Applied tax rate
40,537.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
9,710 SF
Lot
0.78 ac (33,868 SF)
Zoning code
C1
APN
40-43-44-33-48-000-0010
UPID
US18-4446527
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
C1 · Lantana, FLZoning C1 · permitted uses
C1 · Lantana, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1.13 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.0M
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
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Aiz Land Holdings LLC
Entity
Mailing address
31000 NORTHWESTERN HWY #48334, FARMINGTON HILLS, MI 48334-2557
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2021
$1,900,000
Aiz Land Holdings LLC
Gundlach Properties Ridge Road LLC
Special Warranty Deed
$1,400,000 · Seacoast National Bank
Mar 17, 2020
—
Aiz Properties LLC
—
Deed
related
$2,000,000 · Seacoast National Bank
Nov 17, 2017
$1,395,000
Aiz Properties LLC
New Urban Lantana LLC
Grant Deed
$2,016,000 · Gibraltar Private Bk&tr Fsb
—
—
New Urban Lantana LLC
—
Loan Modification
related
$968,511 · Ocean Bk
—
—
New Urban Lantana LLC
—
Deed Of Trust
related
$1,250,846 · Ocean 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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