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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Refrigerated & Cold Storage
1131 9th St Belle Glade, FL 33430-1749
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US18-4343224
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1956
Construction
CONCRETE
Total area
3,400 SF
Lot
4.66 ac (202,990 SF)
Zoning code
I-2
APN
04-37-43-31-01-004-0070
UPID
US18-4343224
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SM Jones & Co Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$815k
Owner & transaction history
S M Jones & Co INC · 22 yrs held
S M Jones & Co INC
since 2003
5 recorded transactions
Zoning & alternative use
I-2 · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to retail building materials, restaurants and delicatessens and to filling stations and service stations with major mechanical repairs
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
246.64 ac
Source
Realmo
Top alternative use upside
Office building
$1.4M
+16.0%
Neighborhood: shopping center
$1.3M
+15.5%
Medical building
$1.3M
+15.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Belle Glade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belle Glade submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,165,000
Current use
OFFICE BUILDING
$1,350,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Change: +16% · Conversion: Moderate
MEDICAL BUILDING
$1,340,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$240 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,727
Tax year 2023
Assessed value
$700,448
Assessed 2023
Previous assessed
$651,640
+7.5% YoY
Effective rate
2.67%
On assessed value
Assessed land
$91,346
Assessed improvement
$609,102
Land market value
$91,346
Improvement market value
$609,102
Total market value
$700,448
Applied tax rate
4,486.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
3,400 SF
Lot
4.66 ac (202,990 SF)
Zoning code
I-2
APN
04-37-43-31-01-004-0070
UPID
US18-4343224
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Belle Glade, FLZoning I-2 · permitted uses
I-2 · Belle Glade, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to retail building materials, restaurants and delicatessens and to filling stations and service stations with major mechanical repairs
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
246.64 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.66 ac
Current owner
From public records · entity-resolved
S M Jones & Co INC
Entity
Mailing address
PO BOX 280, BELLE GLADE, FL 33430-0280
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2003
$500,000
S M Jones & Co INC
Dubois Farms INC
Grant Deed
—
Dec 7, 2000
$250,000
Dubois Farms INC
Real Estate Depot INC
Grant Deed
—
—
—
Sm Jones & Co INC
—
Deed Of Trust
related
$1,000,000 · Pnc Bank
—
—
Sm Jones & Co INC
—
Deed Of Trust
related
$900,000 · Td Bank NA
—
—
Sm Jones & Co INC
—
Deed Of Trust
related
$1,000,000 · Td Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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