Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8865 Southern Blvd West Palm Beach, FL 33411-3721

    • Turn key restaurants
    • 7,693 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7928674
    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.

    Current Use by Public Records

    • Texas Roadhouse / Restaurant

    Property Details for 8865 Southern Blvd

    Year built
    2015
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    7,693 SF
    Zone code
    MUPD
    Property type
    Turn key restaurants
    APN
    00-42-43-32-11-001-0050
    APU
    424332110010050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,028,000
      Market price range: $857k - $1.70M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1836
    Latitude
    26.6805
    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
    $53,443
    $1,460,000
    $1,483,629
    $2,943,629
    -
    $1,460,000
    $1,483,629
    $2,943,629

    Comparable in this City

    • Value Estimation
      $810,000
      5,416 SF

      6841 Okeechobee Blvd

      RESTAURANT • 5,416 SF
      6841 Okeechobee Blvd, West Palm Beach, FL 33411-2507
      View Details
    • Value Estimation
      $820,000
      5,138 SF

      6845 Okeechobee Blvd

      RESTAURANT • 5,138 SF
      6845 Okeechobee Blvd, West Palm Beach, FL 33411-2507
      View Details
    • Value Estimation
      $555,000
      5,740 SF

      10998 Okeechobee Blvd

      RESTAURANT • 5,740 SF
      10998 Okeechobee Blvd, Royal Palm Beach, FL 33411-1331
      View Details
    • Value Estimation
      $7,640,000
      20,490 SF

      8199 Southern Blvd

      RESTAURANT • 20,490 SF
      8199 Southern Blvd, West Palm Beach, FL 33411-3781
      View Details
    • Value Estimation
      $595,000
      5,165 SF

      580 State Rd 7th 7

      RESTAURANT • 5,165 SF
      580 State Rd 7th 7, Royal Palm Beach, FL 33411-3523
      View Details
    • Value Estimation
      $595,000
      4,125 SF

      1007 State Rd 7th 7

      RESTAURANT • 4,125 SF
      1007 State Rd 7th 7, Royal Palm Beach, FL 33411-5117
      View Details

    Similar Nearby for Sale

    • $355,000
      1,552 SF

      Established Restaurant in Royal Palm Beach

      Profitable restaurant with loyal clientele in a busy shopping plaza.
      Xxx Southern Blvd, Royal Palm Beach, FL 33411
      View Details
    • $100,000
      975 SF

      Luxury Barber Shop Opportunity

      Upscale barber shop in a high-traffic Royal Palm Beach location.
      1120 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411
      View Details
    • $6,700,000
      3,267 SF

      High-Yield Raising Cane's NNN Lease

      Florida QSR Investment, Strong ROI
      100 State Road 7, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      195,248 SF

      West Palm Beach Shopping Center

      High-Yield Retail Investment, 100% Leased
      0 Southern Blvd, Royal Palm Beach, FL 33411
      View Details
    • $9,000,000
      14,588 SF

      West Palm Beach Retail Property

      Retail property available for sale in West Palm Beach, FL.
      8480 Okeechobee Blvd, West Palm Beach, FL 33411
      View Details
    • Contact for pricing

      Retail Space For Sale

      Retail space available for purchase in Royal Palm Beach.
      1201 Royal Palm Beach Blvd, Royal Palm Beach, FL 33411
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,760 SF

      Restaurant Space with Outdoor Patio

      Second generation restaurant space with abundant parking and high traffic.
      1001 N State Road 7, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in West Palm

      Retail space available in Publix-anchored neighborhood center.
      8983-8993 Okeechobee Blvd, West Palm Beach, FL 33411
      View Details
    • Contact for pricing

      Mixed-Use Development in Royal Palm

      50-acre mixed-use development with retail space for lease.
      & SR-7 Okeechobee Blvd, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      6,595 SF

      Retail Space Near Publix

      Retail space with high visibility in a high-traffic area.
      1760 N Jog Rd, West Palm Beach, FL 33411
      View Details
    • Contact for pricing
      1,289 SF

      Royal Palm Beach Retail Opportunity

      Retail space available in Royal Palm Beach power center.
      501-543 N State Road 7, Royal Palm Beach, FL 33411
      View Details
    • Contact for pricing
      7,020 SF

      Royal Palm Beach Retail Center

      7,020 SF Retail Space Available
      11001 Southern Blvd, Royal Palm Beach, FL 33411
      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.
    8865 Southern Blvd
    West Palm Beach, FL 33411-3721
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!