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    364 Ave A Ave Belle Glade, FL 33430
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    364 Ave A Ave Belle Glade, FL 33430

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    • Retail properties & Spaces
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    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 364 Ave A Ave

    Year built
    1958
    Property type
    Retail properties & Spaces

    Description

    This exceptional Belle Glade investment opportunity presents a two-unit retail building totaling approximately 6,967 square feet, situated on a lot in the vibrant commercial district. Constructed in 1958, the single-story structure boasts concrete block construction (CBS) and features two currently operating stores. The property benefits from recent improvements, including a newly installed backflow protection system. Zoned B1, this versatile property offers a multitude of potential uses, including retail stores, restaurants, indoor theaters, financial institutions, business offices, compatible repair services, broadcasting studios (without towers), printing and publishing, and personal services such as barber and beauty salons. The strategic location within the bustling Belle Glade commercial district ensures high visibility and accessibility, making it an ideal investment for both seasoned investors and entrepreneurs seeking to expand their business footprint. The opportunity exists to combine both units to maximize square footage and enhance overall exposure, unlocking significant growth potential. The asking price is $595,000. This property presents a rare chance to acquire a well-maintained, established retail space in a thriving Florida market. The lot size is not specified in the provided information.

    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
    -80.6716
    Latitude
    26.6855

    Comparable in this City

    • Value Estimation by Request

      325 Avenue A

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      3,066 SF

      400 Ave L Ave

      Retail properties & Spaces • 3,066 SF
      400 Ave L Ave, Belle Glade, FL 33430
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    • Value Estimation by Request

      300 Avenue A

      Retail properties & Spaces
      300 Avenue A, Belle Glade, FL 33430
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    • Value Estimation
      $750,000
      18,440 SF

      225 Canal N St

      DEPARTMENT STORE • 18,440 SF
      225 Canal N St, Belle Glade, FL 33430-3082
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    • Value Estimation by Request
      5,952 SF

      300 Main St

      DEPARTMENT STORE • 5,952 SF
      300 Main St, Belle Glade, FL 33430-3428
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    • Value Estimation
      $2,600,000
      17,106 SF

      2017 16th St

      SHOW ROOM, WAREHOUSE • 17,106 SF
      2017 16th St, Belle Glade, FL 33430-1203
      View Details

    Similar Nearby for Sale

    • $1,100,000
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      Belle Glade Commercial Lots

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    • $1,100,000
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      Commercial Lots on S. Main

      Three commercial lots totaling 1.86 acres on S. Main.
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    • $50,000
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      Vacant Land in Belle Glade

      Vacant land available in Belle Glade, Florida.
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    364 Ave A Ave
    Belle Glade, FL 33430
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    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
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    364 Ave A Ave, Belle Glade, FL, 33430
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