Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    861 Water Tower Way Hypoluxo, FL 33462-6247

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    861 Water Tower Way Hypoluxo, FL 33462-6247

    View on Map
    • High-rise multifamily apartments
    • 71,907 SF
    • 18.00 lot acres
    Off-Market
    Last Sale Jun 20, 2023
    $138,000,000
    Property ID
    US18-5837855
    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

    • High-rise multifamily apartments

    Property Details for 861 Water Tower Way

    Year built
    2021
    Construction
    CONCRETE
    Lot size
    18.00 lot acres
    Property size
    71,907 SF
    Zone code
    MXD
    Property type
    High-rise multifamily apartments
    APN
    40-43-44-33-50-001-0030
    APU
    40434433500010030

    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
    Hypoluxo
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0601
    Latitude
    26.5903
    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
    $1,901,786
    $0.00
    $96,000,000
    $96,000,000
    -
    $0.00
    $96,000,000
    $96,000,000

    Comparable in this City

    • Value Estimation
      $20,045,000
      102,645 SF

      1400 Dixie Hwy

      HIGH-RISE APARTMENTS • 102,645 SF
      1400 Dixie Hwy, Lantana, FL 33462-5414
      View Details
    • Value Estimation by Request

      731 5Th St

      Multifamily properties
      731 5Th St, Lantana, FL 33462
      View Details
    • Value Estimation by Request

      611 Broadway

      Multifamily properties
      611 Broadway, Lantana, FL 33462
      View Details
    • Value Estimation by Request
      2,025 SF

      407 3rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,025 SF
      407 3rd St, Lantana, FL 33462-3185
      View Details
    • Value Estimation by Request
      0.46 Acres

      517 Greynolds Cir

      Residential income properties • 0.46 Acres
      517 Greynolds Cir, Lantana, FL 33462
      View Details
    • Value Estimation by Request
      3,878 SF

      3500 Lantana Rd

      MOBILE HOME PARK, TRAILER PARK • 3,878 SF
      3500 Lantana Rd, Lake Worth, FL 33462-1327
      View Details

    Similar Nearby for Sale

    • New
      $439,999
      944 SF

      Turnkey Duplex in Lantana, FL

      Cash-flowing duplex with income potential in desirable Lantana community.
      7871 Terrace Rd, Lantana, 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
      $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
    • $532,500
      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
    • 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

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Lantana Warehouse with Office Space

      Warehouse with office space available for rent in Lantana.
      715 Whitney Ave, Lantana, FL 33462
      View Details
    • Contact for pricing

      Move-in Ready Office Space

      Office space available on the JFK Hospital campus.
      160 John F Kennedy Dr, Atlantis, FL 33462
      View Details
    • Contact for pricing

      Commercial Land Near I-95

      1.36 AC commercial land for lease near I-95.
      1500 W Lantana Rd, Lantana, FL 33462
      View Details
    • Contact for pricing

      Commercial Land Near I-95

      1.36 AC commercial land for lease near I-95.
      1500 W Lantana Rd, Lantana, FL 33462
      View Details
    • Contact for pricing

      Retail Space on Hypoluxo Road

      Recently renovated retail space with high-traffic location.
      125 Hypoluxo Rd, 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.
    861 Water Tower Way
    Hypoluxo, FL 33462-6247
    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

    861 Water Tower Way, Hypoluxo, 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!