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Property profile & analytics
FOR SALE
Residential income homes
241 NW 11Th St Belle Glade, FL 33430
Entity Owned
4-yr Hold
Property ID
US18-5567151
For Sale
1 / 15
$1,350,000
241 NW 11Th St, Belle Glade, FL 33430
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1979
Construction
WOOD
Total area
3,100 SF
Lot
0.47 ac (20,643 SF)
Zoning code
R-2
APN
04-37-43-31-30-000-0110
UPID
US18-5567151
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
$1.16M
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.16M
Owner & transaction history
108812 LLC · 4 yrs held
108812 LLC
since 2022
Last sale
$1.2M
5 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
$1,105,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$740,000
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.16M (Feb 4 2022)
Last sale anchor
$1.16M
Feb 4 2022
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
$374 / 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
$18,923
Tax year 2023
Assessed value
$723,811
Assessed 2023
Previous assessed
$723,811
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$40,000
Assessed improvement
$683,811
Land market value
$40,000
Improvement market value
$683,811
Total market value
$723,811
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
For Sale
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Units
4
Rooms
4
Bathrooms
21
Total area
3,100 SF
Lot
0.47 ac (20,643 SF)
Zoning code
R-2
APN
04-37-43-31-30-000-0110
UPID
US18-5567151
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
1979
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
4
Rooms
4
Bathrooms
21
Lot
0.47 ac
Current owner
From public records · entity-resolved
108812 LLC
Entity
Mailing address
1088 QUEEN ANNE RD, TEANECK, NJ 07666-3534
Ownership since
2022
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
Feb 4, 2022
$1,155,000
108812 LLC
Collin Allen
Warranty Deed
$666,250 · Amerant Bank NA
Jan 11, 2018
$500,000
Colin Allen
Bmc Belle Glade LLC
Warranty Deed
—
Nov 13, 2017
—
Bmc Belle Glade LLC
Bmc Belle Glade LLC
Quit Claim Deed
related
—
Feb 5, 2015
$505,000
Bmc Belle Glade LLC
Kenneth L Knowles
Warranty Deed
$378,750 · Wells Fargo Bank NA
—
—
Kenneth L Knowles
—
Deed Of Trust
related
$53,600 · Us Small Business Admn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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