Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    656 Avenue C Pl Belle Glade, FL 33430

    • Specialty properties
    • 3,960 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 656 Avenue C Pl

    Year built
    1958
    Property size
    3,960 SF
    Property type
    Specialty properties

    Description

    This exceptional 10-unit multifamily property, located at 656 SW Avenue C Place in Belle Glade, Florida, presents a compelling investment opportunity. Boasting a total of 3,960 square feet, this special purpose property, built in 1958, has undergone a complete renovation. The extensive upgrades include brand new flooring, electrical and plumbing fixtures throughout all units. Kitchens feature new cabinets and appliances, while bathrooms have been entirely remodeled. All units benefit from new air conditioning units, and the property showcases fresh interior and exterior paint. Further enhancing the property's appeal are newly landscaped grounds and a recently replaced roof. Situated in Palm Beach County, zip code 33430, this property benefits from Belle Glade's growing economy, fueled by a diverse range of industries beyond its traditional agricultural base. Major employers in the area include US Sugar, Florida Crystal, Sugar Cane Growers Cooperative of Florida, and Lakeshore Hospital, providing a strong and stable tenant pool. The property's strategic location offers convenient access to major business centers and population hubs across Southern Florida, within an hour's drive. This turnkey investment is ready for immediate income generation and offers significant potential for long-term appreciation. The asking price is $1,000,000. Lot size information is unavailable.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Belle Glade
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.6749
    Latitude
    26.6839

    Comparable in this City

    • Value Estimation by Request
      2,704 SF

      2296 Canal St Sa

      FUNERAL HOME • 2,704 SF
      2296 Canal St Sa, Belle Glade, FL 33430-4551
      View Details
    • Value Estimation by Request
      3,535 SF

      900 Dr Martin Luther King Jr W Blvd

      FUNERAL HOME • 3,535 SF
      900 Dr Martin Luther King Jr W Blvd, Belle Glade, FL 33430-3735
      View Details
    • Value Estimation by Request
      5,056 SF

      612 6Th St

      Specialty properties • 5,056 SF
      612 6Th St, Belle Glade, FL 33430
      View Details
    • Value Estimation by Request
      3,848 SF

      101 Ave D D

      CHARITABLE ORGANIZATION • 3,848 SF
      101 Ave D D, Belle Glade, FL 33430-3531
      View Details
    • Value Estimation by Request
      6,144 SF

      507 3rd St

      FUNERAL HOME • 6,144 SF
      507 3rd St, Belle Glade, FL 33430-3934
      View Details
    • Value Estimation by Request
      3,143 SF

      725 Main St

      FUNERAL HOME • 3,143 SF
      725 Main St, Belle Glade, FL 33430-4201
      View Details

    Similar Nearby for Sale

    • $129,000

      Belle Glade Specialty Property

      Specialty property available for sale in Belle Glade, Florida.
      408 SE 1St St, Belle Glade, FL 33430
      View Details
    • $290,000

      Belle Glade Religious Facility

      Religious facility for sale in Belle Glade, Florida.
      509 SW 7Th St, Belle Glade, FL 33430
      View Details
    • $395,000

      Versatile Property with Redevelopment Potential

      Well-maintained building with open space, kitchen, and adjacent lot.
      224 NW G Ave, Belle Glade, FL 33430
      View Details
    • $349,900
      1,326 SF

      Belle Glade Versatile Property

      Well-maintained building with open space, kitchen, and adjacent lot.
      224 NW G Ave, Belle Glade, FL 33430
      View Details
    • $7,500,000
      31 SF

      31.22 Acres of Residential Land

      31.22 acres of R-1 zoned residential land in Belle Glade.
      1290 S Main St, Belle Glade, FL 33430
      View Details
    • $212,400

      Land For Sale

      Land available for purchase.
      715 NW 16Th St, Belle Glade, FL 33430
      View Details

    Similar Nearby for Lease

    • $1,100,000
      2,240 SF

      Commercial Lots with Frontage on Main

      Three commercial lots totaling 1.86 acres on S. Main Street.
      1360 S Main St, Belle Glade, FL 33430
      View Details
    • $1,400 /Mo

      Versatile Storefront in High-Traffic Area

      Commercial space ideal for small business with excellent visibility.
      116 SW 3Rd St, Belle Glade, FL 33430
      View Details
    • $495,000
      3,066 SF

      Belle Glade Car Wash Opportunity

      Car wash with infrastructure in place, currently used for car sales.
      400 Avenue L NW, Belle Glade, FL 33430
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    656 Avenue C Pl
    Belle Glade, FL 33430
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.