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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Strip malls
519 Lantana Rd Lantana, FL 33462-1625
Individually Owned
~
Est. High Equity
Property ID
US18-4137693
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
CONCRETE
Total area
2,952 SF
Lot
0.14 ac (6,190 SF)
Zoning code
C1
APN
40-43-44-34-09-002-0262
UPID
US18-4137693
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
$660k
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$645k
Owner & transaction history
Robert W Norberg
Robert W Norberg
since 2026
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
C1 · Lantana, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$650,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,075,000
Current use
RETAIL STORES
$915,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $550k (Nov 16 2021)
Last sale anchor
$550k
Nov 16 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
$218 / 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
$4,120
Tax year 2023
Assessed value
$391,440
Assessed 2023
Previous assessed
$344,375
+13.7% YoY
Effective rate
1.05%
On assessed value
Assessed land
$136,202
Assessed improvement
$255,238
Land market value
$136,202
Improvement market value
$255,238
Total market value
$391,440
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
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
2,952 SF
Lot
0.14 ac (6,190 SF)
Zoning code
C1
APN
40-43-44-34-09-002-0262
UPID
US18-4137693
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
$1.1M
RETAIL STORES
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Robert W Norberg
Individual
Mailing address
525 W LANTANA RD, LANTANA, FL 33462-1625
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
—
Norberg Robert
—
Deed
related
$352,763 · Seacoast National Bank
Mar 11, 2026
—
Robert W Norberg
Kenneth Arden Norberg SR Revocable
Deed
—
Nov 16, 2021
—
Kenneth A Norberg SR.
Kenneth A Norberg
Intrafamily Transfer
related
—
Nov 24, 2020
—
Kenneth A Norberg
—
Deed
related
$575,000 · Seacoast Nat'l Bk
Jul 14, 2017
—
Kenneth A Norberg
—
Deed
related
$575,000 · Seacoast Nat'l Bk
Feb 2, 2007
$550,000
Kenneth A Norberg
Ronald J Parkes
Warranty Deed
—
Jan 7, 1999
$100,000
Ronald J Parkes
Powers,robert A & Glendora M
Grant Deed
$75,000 · Seller
—
—
Norberg,kenneth A
—
Deed Of Trust
related
$32,500 · Grand Bk/fl
—
—
Kenneth A Norberg
—
Loan Modification
related
$575,000 · Seacoast Nat'l Bk
—
—
Ronald J Parkes
—
Deed Of Trust
related
$74,459 · Bank One NA
—
—
Kenneth A Norberg
—
Loan Modification
related
$575,000 · Seacoast Nat'l 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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