Freestanding Storefront
For Sale
Contact for pricing
24 Southwest Avenue B, Belle Glade, FL 33430
B-1 zoning supports retail, office, professional, and service-oriented commercial uses subject to applicable zoning requirements.
Property Size1,080 SF
Lot Size0.15 Acres
Price / SF$258.33
Days on Market52
Property Features for 24 Southwest Avenue B
General Information
Standard status
Active
Size
1,080 SF
Class
C
Total Parking Spaces
8
Lot size
0.15 Acres
Property subtype
Retail
Zoning
B-1
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2020
Buildings
1
Units
1
Tenancy
Single
Building Size
1,080 SF
Listing Agency:
ONE Commercial Real Estate
Listed By:
Shawn Hansen · License #BK3605097
Source:
Crexi
Added: Jul 29
Changed: Sep 4
Last Checked: Sep 16 at 2:49PM
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 ONE Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding storefront property contains approximately 1,080 square feet on a 0.15-acre site. Constructed in 2020, the building carries B-1 Commercial zoning and may accommodate retail, office, professional, or service-oriented uses subject to zoning requirements.
The property is located at 24 Southwest Avenue B in Belle Glade’s downtown business district, near local retailers, professional offices, government services, and residential neighborhoods. Access to SR-80 and US-98 connects the site with surrounding Glades communities. The configuration may suit an owner-user seeking a commercial location or an investor pursuing a small-scale storefront asset.
The property is located at 24 Southwest Avenue B in Belle Glade’s downtown business district, near local retailers, professional offices, government services, and residential neighborhoods. Access to SR-80 and US-98 connects the site with surrounding Glades communities. The configuration may suit an owner-user seeking a commercial location or an investor pursuing a small-scale storefront asset.
Key Highlights
- Approximately 1,080 SF freestanding commercial building
- 0.15‑acre site in Belle Glade’s downtown business district
- B‑1 Commercial zoning
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
$18,262
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
6.55%
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%
$365,240
$365.2K
Cap Rate 7%
$260,886
$260.9K
Cap Rate 9%
$202,911
$202.9K
Market Conditions
NOI Build-Up for 1,080 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
$28.5K $26.40/SF
− Vacancy
−$2.4K −$2.24/SF
EGI
$26.1K $24.16/SF
− OpEx
−$7.8K −$7.25/SF
NOI
$18.3K $16.91/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
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%
$365,240
Cap Rate 7%
$260,886
Cap Rate 9%
$202,911
Alternative Uses
Best Use
Retail
$260.9K
$228.3K – $304.4K
NOI $18,262 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$760.6K
$665.5K – $887.4K
NOI $53,242 @ 7.0% cap · market cap 19.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Home Improvements & Furnishings 19%
Electronics 4%
Family Dollar
Shops & Services
10,497 visits/mo
0.3 miles
Lake Hardware
Home Improvements & Furnishings
4,441 visits/mo
0.3 miles
Marathon
Shops & Services
4,430 visits/mo
0.3 miles
Mobil
Shops & Services
2,126 visits/mo
0.3 miles
Boost Mobile
Electronics
980 visits/mo
0.3 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
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Frequently Asked Questions
What type of property is this?
Storefront property - B-1 zoning supports retail, office, professional, and service-oriented commercial uses subject to applicable zoning requirements.
Where is this storefront property located?
The property is located at 24 Southwest Avenue B Belle Glade, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Approximately 1,080 SF freestanding commercial building; 0.15‑acre site in Belle Glade’s downtown business district; B‑1 Commercial zoning
