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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Residential income homes
1200 Dr Martin Luther King Jr W Blvd 1 Belle Glade, FL 33430-3744
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US18-2943879
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1976
Construction
WOOD
Total area
2,912 SF
Lot
1.55 ac (67,361 SF)
Zoning code
R-2
APN
04-37-43-42-01-006-0300
UPID
US18-2943879
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$600k
Owner & transaction history
Jethouse Realty LLC · 6 yrs held
Jethouse Realty LLC
since 2020
2 recorded transactions
Zoning & alternative use
R-2 · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to provide single family, two family, multi family and four family units to the community
Zone name
Residential Up To 20.4 Dwelling Units Per Acre
General category
RESIDENTIAL
Zone area
476.70 ac
Source
Realmo
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
$390,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$745,000
7%
$695,000
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$206 / 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
$33,576
Tax year 2023
Assessed value
$1,301,159
Assessed 2023
Previous assessed
$1,301,159
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$7,000
Assessed improvement
$1,294,159
Land market value
$7,000
Improvement market value
$1,294,159
Total market value
$1,301,159
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Buildings
7
Stories
2
Units
4
Rooms
4
Bathrooms
1
Total area
2,912 SF
Lot
1.55 ac (67,361 SF)
Zoning code
R-2
APN
04-37-43-42-01-006-0300
UPID
US18-2943879
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Belle Glade, FLZoning R-2 · permitted uses
R-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 provide single family, two family, multi family and four family units to the community
Zone name
Residential Up To 20.4 Dwelling Units Per Acre
General category
RESIDENTIAL
Zone area
476.70 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
7
Units
4
Rooms
4
Bathrooms
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Jethouse Realty LLC
Entity
Mailing address
685 S MAIN ST, BELLE GLADE, FL 33430-3915
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2020
$917,607
Jethouse Realty LLC
Houston Realty & Invs INC
Quit Claim Deed
related
$3,010,000 · Orix R/e Cap
—
—
Houston Realty & Invs INC
—
Deed Of Trust
related
$499,500 · First Bk
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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