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Property profile & analytics
OFF-MARKET
Estimated value
$16,460,000
Hotels
1301 Belvedere Rd West Palm Beach, FL 33405-1011
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-3443699
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Construction
STEEL FRAME
Total area
130,423 SF
Lot
3.65 ac (159,177 SF)
Zoning code
OCPD
APN
74-43-43-28-40-001-0000
UPID
US18-3443699
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
-
Delta Hotels by Marriott West Palm Beach Hotel & Motel
-
Liberty Christian Outreach Ministries Church
-
Iguanas Park
-
Libertarian Party of Florida Advocacy Group Volunteer Organization
-
Beach Vacay! Four Cozy Units Near Beaches, Pool, Restaurant Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.46M
CAP Approach
CAP
$15.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.46M
Owner & transaction history
Pm Florida Master LP
Pm Florida Master LP
since 2026
Last sale
$16.5M
5 recorded transactions
Zoning & alternative use
OCPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach 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
$16,460,000
ML approach
$16,460,000
CAP Approach
CAP Return
Estimation
6%
$16,355,000
6.5%
$15,095,000
7%
$14,020,000
Blend value · Realmo final
$16.46M
Range $14.81M – $18.11M · ±10% · vs last sale $16.46M (Jan 5 2024)
Last sale anchor
$16.46M
Jan 5 2024
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
$126 / 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
$359,992
Tax year 2023
Assessed value
$16,575,399
Assessed 2023
Previous assessed
$16,575,399
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$5,040,000
Assessed improvement
$11,535,399
Land market value
$5,040,000
Improvement market value
$11,535,399
Total market value
$16,575,399
Applied tax rate
74,402.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
11
Units
200
Total area
130,423 SF
Lot
3.65 ac (159,177 SF)
Zoning code
OCPD
APN
74-43-43-28-40-001-0000
UPID
US18-3443699
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OCPD · West Palm Beach, FL
Zoning OCPD · permitted uses
OCPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
11
Units
200
Lot
3.65 ac
Current owner
From public records · entity-resolved
Pm Florida Master LP
Entity
Free & Clear · 0 yrs held
Mailing address
5940 BISCAYNE BLVD STE #200, MIAMI, FL 33137-2223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 29, 2026
$23,750,000
Pm Florida Master LP
432 Activate LLC
Special Warranty Deed
—
Jan 5, 2024
$16,460,000
432 Activate LLC
Ad1 Pb Airport Hotels LLC
Special Warranty Deed
—
Jun 13, 2019
$20,000,000
Ad1 Pb Airport Hotels LLC
Phillips Palm Beach INC
Trustees Deed
$17,950,000 · Ready Cap Structured Fin
—
—
Phillips Palm Beach INC
—
Deed Of Trust
related
$2,055,501 · Mercantile Peninsula Bank
—
—
Phillips Palm Beach INC
—
Deed Of Trust
related
$8,000,000 · Ladder Cap Fin
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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