Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    517 Greynolds Cir Lantana, FL 33462
    Back to Search
    Property profile & analytics

    517 Greynolds Cir Lantana, FL 33462

    View on Map
    • Multifamily properties
    • 0.46 lot acres
    Off-Market
    Property ID
    US18-5132242
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Multifamily properties

    Property Details for 517 Greynolds Cir

    Year built
    1956
    Lot size
    0.46 lot acres
    Property type
    Multifamily properties

    Description

    This exceptional investment opportunity presents two adjacent four-plex properties situated on separate 0.46-acre parcels in desirable Lantana, Florida. The combined property boasts eight rental units, generating a substantial annual gross profit of $161,580. Currently, all units are occupied by tenants, providing immediate and stable cash flow. The property's enviable location places it in close proximity to the beautiful Lantana Beach, nestled between Manalapan and Palm Beach. This prime location offers easy access to a vibrant array of restaurants and shopping options. Lantana, once a hidden gem, is experiencing increased recognition and growth, making this a particularly attractive investment. The combined property offers a significant return on investment with its strong rental income and strategic location. All measurements are approximate. Please respect the privacy of the tenants and refrain from disturbing them. Drive-by viewing only. This is a rare opportunity to acquire a multifamily property with proven profitability in a highly sought-after coastal location. The property's strong performance and prime location make it an ideal addition to any investment portfolio. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lantana
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.05582
    Latitude
    26.57785

    Comparable in this City

    • Contact for pricing
      36,615 SF

      Lantana Behavioral Healthcare Campus

      Turnkey, 100-room facility with high-upside investment potential.
      7051 Seacrest Blvd, Lake Worth, FL 33462
      View Details
    • $499,900
      Pending

      Lantana Triplex: Investment Opportunity

      Triplex near downtown Lantana with income potential.
      730 N 5Th St, Lantana, FL 33462
      View Details
    • New
      $419,999
      944 SF

      Turnkey Lantana Duplex Investment

      Cash-flowing duplex with income potential in desirable Lantana community.
      7871 Terrace Rd, Lantana, FL 33462
      View Details
    • New
      $769,000
      2,952 SF

      Lantana Duplex: Investment Opportunity

      Well-maintained Lantana duplex, ideal for rental income or multi-generational living.
      723 N 7Th St, Lantana, FL 33462
      View Details
    • New
      $531,500
      1,294 SF

      Lantana Duplex Near Intracoastal Parks

      Mid-century modern duplex near waterfront dining and beaches.
      626 Minnesota St, Lantana, FL 33462
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,615 SF

      Lantana Behavioral Healthcare Campus

      Turnkey, 100-room facility with high-upside investment potential.
      7051 Seacrest Blvd, Lake Worth, FL 33462
      View Details
    • $499,900
      Pending

      Lantana Triplex: Investment Opportunity

      Triplex near downtown Lantana with income potential.
      730 N 5Th St, Lantana, FL 33462
      View Details
    • New
      $419,999
      944 SF

      Turnkey Lantana Duplex Investment

      Cash-flowing duplex with income potential in desirable Lantana community.
      7871 Terrace Rd, Lantana, FL 33462
      View Details
    • New
      $769,000
      2,952 SF

      Lantana Duplex: Investment Opportunity

      Well-maintained Lantana duplex, ideal for rental income or multi-generational living.
      723 N 7Th St, Lantana, FL 33462
      View Details
    • New
      $531,500
      1,294 SF

      Lantana Duplex Near Intracoastal Parks

      Mid-century modern duplex near waterfront dining and beaches.
      626 Minnesota St, Lantana, FL 33462
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lantana Road Professional Office Suite

      Well-located 1,172 SF office suite near I-95.
      1280 W Lantana Rd, Lantana, FL 33462
      View Details
    • Contact for pricing
      16,227 SF

      Warehouse with Active Rail Spur

      16,227 SF warehouse with rail access near I-95.
      403 Hillbrath Dr, Lantana, FL 33462
      View Details
    • Contact for pricing
      1,084 SF

      Medical Office Space For Rent

      Class B medical office space with adjustable layout.
      160 John F Kennedy Dr, Lake Worth, FL 33462
      View Details
    • Contact for pricing
      500 SF

      Retail Space on Ocean Avenue

      Retail space available for lease on Ocean Avenue, Lantana, FL.
      212 E Ocean Ave, Lantana, FL 33462
      View Details
    • $39 SF/Yr
      1,202 SF

      Prime Lantana Retail Space

      Free-standing retail building, high visibility.
      888 Coast Ave, Lantana, FL 33462
      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.
    517 Greynolds Cir
    Lantana, FL 33462
    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
    517 Greynolds Cir, Lantana, FL, 33462
    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!