12-Unit Apartment
For Sale
$699,997
625 W Avenue A, Belle Glade, FL 33430
Apartment property in Belle Glade with 11 occupied units and one vacancy available for lease-up.
Property Size3,894 SF
Price / SF$179.76
Days on Market50
Property Features for 625 W Avenue A
General Information
Standard status
Active
Size
3,894 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
12
Building Details
Year Built
1950
Listing Agency:
Capital Homes Inc
Listed By:
Nathali Delgado · License #3323461
(561) 677-9172
Source:
Wesellhomes
Added: Sep 15
Changed: Nov 2
Last Checked: Nov 1 at 11:43AM
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 Capital Homes Inc
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Investment Insights
Based on property information with market context.
This 12-unit apartment property at 625 W Avenue A in Belle Glade includes 11 occupied units and one vacant unit. The current occupancy supports ongoing rental income, while the available unit provides an immediate leasing opportunity. Built in 1950, the property is suited to multifamily ownership and rental operations.
Key Highlights
- 12‑unit apartment property
- 11 of 12 units currently occupied
- One vacant unit available for lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,887
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,740
$1.2M
Cap Rate 7%
$855,529
$855.5K
Cap Rate 9%
$665,411
$665.4K
Market Conditions
NOI Build-Up for 3,894 SF
Gross rent
$114.0K $29.28/SF
− Vacancy
−$5.1K −$1.32/SF
EGI
$108.9K $27.96/SF
− OpEx
−$49.0K −$12.58/SF
NOI
$59.9K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,740
Cap Rate 7%
$855,529
Cap Rate 9%
$665,411
Alternative Uses
Best Use
Apartment 5plus
$855.5K
$748.6K – $998.1K
NOI $59,887 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,966 @ 7.0% cap · market cap 27.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property in Belle Glade with 11 occupied units and one vacancy available for lease-up.
Where is this apartment building located?
The property is located at 625 W Avenue A Belle Glade, FL.
What is the asking price?
The asking price for this property is $699,997.
What are key features of this property?
This property features: 12‑unit apartment property; 11 of 12 units currently occupied; One vacant unit available for lease‑up
