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    Belle Glade Commercial Lots Title is generated by Realmo AI

    1360 S Main Street, Belle Glade, FL 33430

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    Claim this Listing
    For Sale
    $1,100,000

    COMMERCIAL - Belle Glade, FL

    Property size:
    2,240 SF
    Lot size:
    1.86 Acres
    Price / SF:
    $491/SF
    Added:
    Aug 18, 2025
    Days on Market:
    290
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 1360 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CG
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Security features
    Security
    Standard status
    Active
    APN
    00374406000005161
    Size
    2,240 SF
    Lot size
    1.86 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    6-44-37~ TH PT OF SE 1/4 OF SE1/4 IN OR835P322 N & W OF CROSS ST HWY
    Tax Annual Amount
    1909

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Cooling system
    Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s), Electric
    Water source
    Public

    Building Details

    Year built
    1961
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Fiber Cement, Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Elizabeth C Strehse
    Elizabeth C Strehse

    Listing agent Elizabeth C Strehse License #3033981

    Listing office Casteland Real Estate Corp 461 E Commercial Blvd., Belle Glade, FL

    Listing date Aug 18, 2025

    MLS# R11116655

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial location with 480 ft of frontage on S. Main Street (SR 80) in Belle Glade, Palm Beach County.
    • 1.86 acres of commercial land suitable for various business uses.
    • Currently generating income from multiple tenants.
    • Includes three structures: a 1,350 sq ft home/office and two metal buildings (2,568 SF & 2,240 SF) for maintenance & storage.
    • Fully fenced property with stabilized subgrade and re‑milled asphalt topping, ideal for heavy equipment parking & storage.
    • Utilities include cable availability, public water source, and septic tank sewer system.

    Overview

    This is an investment opportunity consisting of three commercial lots totaling 1.86 acres. The lots have approximately 480 linear feet of frontage on S. Main Street in Belle Glade and are to be sold as one. The properties are incorporated into Belle Glade and are currently used for parking and storage of heavy equipment. The grounds have a stabilized subgrade and re-milled asphalt topping. The property is fully fenced and includes three structures. One structure is a home/office of approximately 1,350 square feet. The other two are metal buildings, one of 2,568 square feet and the other of 2,240 square feet, used for maintenance and storage. The property is located on a major traffic roadway, SR 80, in Palm Beach. The current owners are leasing space to 33 cabs and 6 rigs, a lawn mowing company, and a packing company.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $102.1k $45.60
    − Vacancy −$23.0k −$10.26
    EGI $79.2k $35.34
    − OpEx −$19.8k −$8.84
    NOI $59.4k $26.51
    2,240 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $848.2K
    $742.1K – $989.5K (±1% cap)
    NOI $59,371 @ 7.0% cap · market cap 5.40%
    Second Best
    Retail
    $541.1K
    $473.5K – $631.3K (±1% cap)
    NOI $37,877 @ 7.0% cap · market cap 3.44%
    Theoretical Best
    Office A
    $1.58M
    $1.38M – $1.84M (±1% cap)
    NOI $110,427 @ 7.0% cap · market cap 10.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 524 doctor m.l.k. jr blvd e, belle glade, fl 33430
    • U-Haul Neighborhood Dealer — 362 S Main St, Belle Glade, FL 33430
    • U-Haul Neighborhood Dealer — 654 Dr Martin Luther King Jr Blvd, Belle Glade, FL 33430
    • U-Haul Neighborhood Dealer — 340 SW 6th St, Belle Glade, FL 33430

    Location Insight

    • Map
    • Local Demand
    City
    Belle Glade
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.675231
    Latitude
    26.664166

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    FAQs

    What type of property is this?
    Parking lot & garage - Three commercial lots totaling 1.86 acres in Belle Glade.
    Where is this parking lot & garage located?
    The property is located at 1360 S Main Street Belle Glade, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Prime commercial location with **480 ft of frontage on S. Main Street (SR 80)** in Belle Glade, Palm Beach County.; 1.86 acres of commercial land suitable for various business uses.; Currently generating income from multiple tenants.
    (954) 816-0756
    We can help!
    Listing Contact
    Elizabeth C Strehse
    Elizabeth C Strehse
    Real Estate License ID: 3033981
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    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
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