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Property profile & analytics
OFF-MARKET Estimated value $10,960,000
Hotels

1505 Belvedere Rd West Palm Beach, FL 33406-1501

47,472 SF 3.06 ac lot Built 1986
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-3675573
Property summary
AI-generated overview

This exceptional 6,100 square foot retail space, located at 1505 Belvedere Road in West Palm Beach, Florida, presents a unique investment opportunity. Situated on a 0.9-acre lot, this single-tenant property offers unparalleled visibility and accessibility on a major thoroughfare. The building's entire 6,100 square feet is currently vacant, providing a blank canvas for a discerning tenant to create their ideal commercial space. The property's classification as both retail and restaurant allows for a wide range of potential uses, catering to diverse business needs. Its location in Palm Beach County, specifically West Palm Beach, places it within a vibrant and growing market, offering significant potential for high foot traffic and customer engagement. The property's street retail subtype ensures maximum exposure to potential customers. The zip code is 33406. This is an excellent opportunity for businesses seeking a prominent location with high visibility and ample space to establish a thriving enterprise. The property's size and location make it ideal for a variety of retail or restaurant concepts. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering. The property is available for lease.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1986
Construction STEEL FRAME
Total area 47,472 SF
Lot 3.06 ac (133,398 SF)
Zoning code GC
APN 74-43-43-29-00-000-5400
UPID US18-3675573
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
  • Quality Inn Palm Beach International Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$11.42M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.96M
Owner & transaction history
Belvedere Hotel Property LLC · 3 yrs held
Belvedere Hotel Property LLC
since 2022
Last sale
$10.5M
7 recorded transactions
2024
Price N/A
2022
$10.5M
2020
Price N/A
2019
Price N/A
2016
$71.7M
2011
Price N/A
2007
Price N/A
Zoning & alternative use
GC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

IAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (NC) district. Sec. 94-145. - General commercial (GC) district. Sec. 94-146. - Commercial marine (CM) district. Sec. 94-147. - Reserved. Sec. 94-148. - Professional office residential (POR)…

Zone name General Commercial
General category COMMERCIAL
Zone area 385.59 ac
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