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Property profile & analytics
OFF-MARKET
Estimated value
$16,000,000
Warehouses
1520 Belvedere Rd West Palm Beach, FL 33406-1502
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3757808
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Construction
CONCRETE
Total area
112,340 SF
Lot
1.96 ac (85,286 SF)
Zoning code
CPD
APN
74-43-43-32-02-004-0000
UPID
US18-3757808
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
-
PNC ATM Atm
-
Life Storage - West Palm Beach Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.79M
CAP Approach
CAP
$17.74M
Comparable Approach
Comparable
$20.09M
Blend (final)
Blend
$16.00M
Owner & transaction history
Sh 7213 7216 LLC · 4 yrs held
Sh 7213 7216 LLC
since 2021
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
CPD · 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
$18,030,000
ML approach
$12,790,000
CAP Approach
CAP Return
Estimation
6%
$19,220,000
6.5%
$17,740,000
7%
$16,475,000
Blend value · Realmo final
$16.00M
Range $14.40M – $17.60M · ±10% · vs last sale $13.68M (Jul 13 2021)
Last sale anchor
$13.68M
Jul 13 2021
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
$142 / 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
$323,261
Tax year 2023
Assessed value
$15,474,652
Assessed 2023
Previous assessed
$15,474,652
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$2,089,434
Assessed improvement
$13,385,218
Land market value
$2,089,434
Improvement market value
$13,385,218
Total market value
$15,474,652
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
5
Total area
112,340 SF
Lot
1.96 ac (85,286 SF)
Zoning code
CPD
APN
74-43-43-32-02-004-0000
UPID
US18-3757808
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · 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
2020
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
1.96 ac
Current owner
From public records · entity-resolved
Sh 7213 7216 LLC
Entity
Mailing address
6467 MAIN ST, WILLIAMSVILLE, NY 14221-5856
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2021
$13,676,250
Sh 7213 7216 LLC
Gfn West Palm Beach LLC
Special Warranty Deed
$184,000 · The Northwest Mutual Life Insurance
Apr 13, 2020
$14,500,000
Gfn West Palm Beach LLC
Belvedere Storage LLC
Special Warranty Deed
$46,500,000 · Pnc Bank NA
Jan 28, 2019
—
Belvedere Storage LLC
—
Grant Deed
related
$9,300,000 · Union Bk&tr
Aug 31, 2018
—
Mash Miami Holdings LLC
Wawa Florida LLC
Affidavit Of Death
related
—
Aug 31, 2018
$7,320,000
Mash Miami Holdings LLC
Bw Australian Belvedere LLC
Trustees Deed
related
$9,775,000 · Miscellaneous Ins Co
Nov 22, 2017
$2,200,000
Belvedere Storage LLC
Bw Australian Belvedere LLC
Grant Deed
—
Jan 11, 2016
$2,500,000
Bw Australian Belvedere LLC
Hertz Corp
Grant Deed
$4,220,000 · Usameribank
Jul 23, 1999
$2,024,600
Hertz Corp
Second Palm Beach Motel Ent
Grant Deed
—
—
—
Hertz Corp
—
Loan Modification
related
—
—
—
Hertz Corp
—
Deed Of Trust
related
$47,960 · Deutsche Bk Ag/ny Branch
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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