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Property profile & analytics
OFF-MARKET
Estimated value
$13,080,000
Distribution centers
2305 Cypress Ln Belle Glade, FL 33430-1200
Entity Owned
20-yr Hold
Free & Clear
Property ID
US18-7594142
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2003
Construction
CONCRETE
Total area
70,936 SF
Lot
29.86 ac (1,300,811 SF)
Zoning code
PIP
APN
04-37-43-29-01-000-0100
UPID
US18-7594142
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
-
Salad Etcetera Inc. Warehouse & Storage
-
VegPro-AUDIT Food Processing Plant
-
TKM Farms Inc Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.31M
Comparable Approach
Comparable
$15.15M
Blend (final)
Blend
$13.08M
Owner & transaction history
Cypress Cooling LLC · 20 yrs held
Cypress Cooling LLC
since 2005
1 recorded transaction
Zoning & alternative use
PIP · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the Planned Industrial Park Districts, PIP may be applied to areas of the city which have been designated as industrial under the city's comprehensive plan and which will accommodate the minimum standards of PIP and an alternative development procedure with innovative or flexible design in order to allow for planned industrial parks which attra…
Zone name
Planned Industrial Park
General category
INDUSTRIAL
Zone area
160.90 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
by Request
CAP Approach
CAP Return
Estimation
6%
$15,500,000
6.5%
$14,305,000
7%
$13,285,000
Blend value · Realmo final
$13.08M
Range $11.77M – $14.39M · ±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
$184 / 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
$228,882
Tax year 2023
Assessed value
$7,517,362
Assessed 2023
Previous assessed
$7,517,362
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$650,427
Assessed improvement
$6,866,935
Land market value
$650,427
Improvement market value
$6,866,935
Total market value
$7,517,362
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
70,936 SF
Lot
29.86 ac (1,300,811 SF)
Zoning code
PIP
APN
04-37-43-29-01-000-0100
UPID
US18-7594142
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PIP · Belle Glade, FLZoning PIP · permitted uses
PIP · 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 the Planned Industrial Park Districts, PIP may be applied to areas of the city which have been designated as industrial under the city's comprehensive plan and which will accommodate the minimum standards of PIP and an alternative development procedure with innovative or flexible design in order to allow for planned industrial parks which attract a variety of businesses providing city residents with multiple job opportunities
Zone name
Planned Industrial Park
General category
INDUSTRIAL
Zone area
160.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
29.86 ac
Current owner
From public records · entity-resolved
Cypress Cooling LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 80090, SALINAS, CA 93912-0090
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2005
$43,080
Cypress Cooling LLC
City Of Belle Glade
Quit Claim Deed
related
—
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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