Flex Space with Warehouse and
For Sale
$1,500,000
909 NW 13th Street, Belle Glade, FL 33430
I-2 General Industrial flex property includes office space and has been vacant since 2021, sold AS IS without repairs.
Property Size11,310 SF
Days on Market47
Property Features for 909 NW 13th Street
General Information
Standard status
Active
Size
11,310 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$13,865
Building Details
Building Size
11,310 SF
Year Built
1952
Listing Agency:
Realty 100
Listed By:
Pamela Moya Sosa · License #3625544
(954) 600-8451
Source:
Meyerlucas
Added: Jul 28
Changed: Sep 9
Last Checked: Sep 12 at 8:12AM
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 Realty 100
Investment Insights
Based on property information with market context.
Located at 909 NW 13th St, Belle Glade, FL 33430, this flex space property sits on a 0.51-acre lot and includes approximately 2,400 square feet of warehouse space plus office space. Built in 1952, the property has been vacant since 2021 and requires repairs and rehabilitation.
The site is zoned I-2 General Industrial and is positioned for access to major local roadways, supporting a range of industrial and commercial uses for qualified buyers and owner-operators. It is being sold strictly AS IS, WHERE IS, with no repairs or warranties provided by the Seller.
Buyer is responsible for conducting all inspections, due diligence, and verifying zoning, permitted uses, dimensions, and condition of the property prior to closing. BikeScore is 55 and walkScore is 56.
The site is zoned I-2 General Industrial and is positioned for access to major local roadways, supporting a range of industrial and commercial uses for qualified buyers and owner-operators. It is being sold strictly AS IS, WHERE IS, with no repairs or warranties provided by the Seller.
Buyer is responsible for conducting all inspections, due diligence, and verifying zoning, permitted uses, dimensions, and condition of the property prior to closing. BikeScore is 55 and walkScore is 56.
Key Highlights
- 0.51‑acre lot at 909 NW 13th St, Belle Glade, FL 33430
- Approximately 2,400 SF warehouse space plus office space
- I‑2 General Industrial zoning for industrial and commercial use possibilities
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
$122,099
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
8.14%
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%
$2,441,980
$2.4M
Cap Rate 7%
$1,744,271
$1.7M
Cap Rate 9%
$1,356,656
$1.4M
Market Conditions
NOI Build-Up for 11,310 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
$184.6K $16.32/SF
− Vacancy
−$10.2K −$0.90/SF
EGI
$174.4K $15.42/SF
− OpEx
−$52.3K −$4.63/SF
NOI
$122.1K $10.80/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /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%
$2,441,980
Cap Rate 7%
$1,744,271
Cap Rate 9%
$1,356,656
Alternative Uses
Best Use
Flex RnD
$3.55M
$3.11M – $4.15M
NOI $248,775 @ 7.0% cap · market cap 16.59%
Second Best
Warehouse
$2.12M
$1.85M – $2.47M
NOI $148,263 @ 7.0% cap · market cap 9.88%
Theoretical Best
Office A
$7.97M
$6.97M – $9.29M
NOI $557,559 @ 7.0% cap · market cap 37.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- World Classics Catering — 516 SW Ave B, Belle Glade, FL 33430
Frequently Asked Questions
What type of property is this?
Flex space - I-2 General Industrial flex property includes office space and has been vacant since 2021, sold AS IS without repairs.
Where is this flex space located?
The property is located at 909 NW 13th Street Belle Glade, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 0.51‑acre lot at 909 NW 13th St, Belle Glade, FL 33430; Approximately 2,400 SF warehouse space plus office space; I‑2 General Industrial zoning for industrial and commercial use possibilities
