Fully Leased Neighborhood Shopping
364 S MAIN ST Belle Glade, FL 33430
New
364 S MAIN ST, Belle Glade, FL, 33430
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Fully leased neighborhood shopping plaza with Main Street frontage, plus four additional lots included in the sale.
Property Size16,592 SF
Price / SF$256.15
AddedJul 14
Days on Market2
Last RefreshJul 15 at 3:39 am
Property Features for 364 S MAIN ST
General Information
- Standard status
- Active
- Size
- 16,592 SF
- Property subtype
- Retail, Land
Building Details
- Year Built
- 1953
Listing office The Agency
Listing date Jul 14, 2026
Source Crexi
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 The Agency
Investment Insights
Based on property information with market context.
This offering is a fully leased neighborhood shopping plaza located at 364 S Main St in Belle Glade, Florida. The package includes an approximately 16,592-square-foot retail plaza together with four additional lots, creating a combined site of just under one acre.
The property is positioned along one of Belle Glade’s primary commercial corridors, providing strong visibility and convenient access. With full occupancy, it generates approximately $172,884 in annual rental income.
Recent capital improvements include replacement of the roof and HVAC systems within approximately the last three years. The four additional lots create a multiple-parcel configuration that may offer added flexibility for parking, expansion, redevelopment, or alternative uses, subject to zoning, entitlement, and governmental approvals. All income, expense, square footage, parcel, and property information should be independently verified during due diligence.
The property is positioned along one of Belle Glade’s primary commercial corridors, providing strong visibility and convenient access. With full occupancy, it generates approximately $172,884 in annual rental income.
Recent capital improvements include replacement of the roof and HVAC systems within approximately the last three years. The four additional lots create a multiple-parcel configuration that may offer added flexibility for parking, expansion, redevelopment, or alternative uses, subject to zoning, entitlement, and governmental approvals. All income, expense, square footage, parcel, and property information should be independently verified during due diligence.
Key Highlights
- Fully leased neighborhood shopping plaza at 364 S Main St, Belle Glade, FL (built 1953) with approximately 16,592 SF of retail space.
- Includes four additional lots for a combined site of just under one acre, adding flexibility for parking, expansion, redevelopment, or alternative uses (subject to approvals).
- Currently generates approximately $172,884 in annual rental income with full occupancy.
Local Financial Insights For Retail
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 | $438.0k | $26.40 |
| − Vacancy | −$37.2k | −$2.24 |
| EGI | $400.8k | $24.16 |
| − OpEx | −$120.2k | −$7.25 |
| NOI | $280.6k | $16.91 |
16,592 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.01M
$3.51M – $4.68M
NOI $280,557 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.69M
$10.22M – $13.63M
NOI $817,951 @ 7.0% cap · market cap 19.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Home Decor
Furniture & Home Goods
Kasem Kaki
Pharmacy
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FAQs
What type of property is this?
Shopping center - Fully leased neighborhood shopping plaza with Main Street frontage, plus four additional lots included in the sale.
Where is this shopping center located?
The property is located at 364 S MAIN ST Belle Glade, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Fully leased neighborhood shopping plaza at 364 S Main St, Belle Glade, FL (built 1953) with approximately 16,592 SF of retail space.; Includes four additional lots for a combined site of just under one acre, adding flexibility for parking, expansion, redevelopment, or alternative uses (subject to approvals).; Currently generates approximately $172,884 in annual rental income with full occupancy.
