Gas Station
For Sale
Contact for pricing
1540 Northwest Avenue L, Belle Glade, FL 33430
B-2-zoned gas station property with an established commercial building footprint.
Property Size6,600 SF
Price / SF$327.25
Days on Market8
Property Features for 1540 Northwest Avenue L
General Information
Standard status
Active
Size
6,600 SF
Total Parking Spaces
42
Property subtype
Retail
Zoning
B-2
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$146,143
Building Details
Year Built
1983
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Eddie DeSimone · License #10410386411
Source:
Crexi
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 4 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This gas station property includes a 6,600-square-foot commercial building constructed in 1983. The asset carries B-2 zoning, providing the recorded land-use designation for the property.
The property is located at 1540 Northwest Avenue L in Belle Glade, Florida 33430. GPM Investments, LLC and ARKO Corp. are identified in the property information.
The property is located at 1540 Northwest Avenue L in Belle Glade, Florida 33430. GPM Investments, LLC and ARKO Corp. are identified in the property information.
Key Highlights
- 6,600‑square‑foot gas station property
- B‑2 zoning
- 1983 construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$127,057
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,541,140
$2.5M
Cap Rate 7%
$1,815,100
$1.8M
Cap Rate 9%
$1,411,744
$1.4M
Market Conditions
NOI Build-Up for 6,600 SF
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.
Gross rent
$182.2K $27.60/SF
− Vacancy
−$12.8K −$1.93/SF
EGI
$169.4K $25.67/SF
− OpEx
−$42.4K −$6.42/SF
NOI
$127.1K $19.25/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,541,140
Cap Rate 7%
$1,815,100
Cap Rate 9%
$1,411,744
Alternative Uses
Best Use
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,057 @ 7.0% cap · market cap 5.88%
Second Best
Retail
$1.59M
$1.40M – $1.86M
NOI $111,601 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$4.65M
$4.07M – $5.42M
NOI $325,366 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
10,497 visits/mo
0.4 miles
Mobil
Shops & Services
2,126 visits/mo
0.4 miles
U-Haul
Shops & Services
794 visits/mo
0.1 miles
Demographics for 33430, FL
20,327
Population
7,158
Households
2.8
Avg Household Size
35
Median Age
13%
College-Educated
71%
High-School Grad
239.8 sq mi
ZIP Area
85
Density / Sq Mi
$48,690
Median Household Income
$31,117
Median Earnings
$860
Median Rent
$142,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - B-2-zoned gas station property with an established commercial building footprint.
Where is this gas station located?
The property is located at 1540 Northwest Avenue L Belle Glade, FL.
What is the asking price?
The asking price for this property is $2,159,836.
What are key features of this property?
This property features: 6,600‑square‑foot gas station property; B‑2 zoning; 1983 construction
