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Property profile & analytics
OFF-MARKET
Estimated value
$4,095,000
Hotels
310 Belvedere Rd West Palm Beach, FL 33405-1212
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2634984
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1938
Construction
WOOD
Total area
6,280 SF
Lot
0.98 ac (42,732 SF)
Zoning code
NC
APN
74-43-43-34-01-003-0010
UPID
US18-2634984
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$4.10M
Owner & transaction history
Royal Palm Wpb Hospitality LLC · 5 yrs held
Royal Palm Wpb Hospitality LLC
since 2020
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
NC · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL 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.…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
115.64 ac
Top alternative use upside
Restaurant
$4.8M
+82.6%
Apartment house (5+ units)
$3.7M
+42.2%
Medical building
$3.4M
+29.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,630,000
Current use
RESTAURANT
$4,805,000
Change: +83% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,740,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$3,400,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,230,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,620,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,605,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,500,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.10M
Range $3.69M – $4.50M · ±10% · vs last sale $4.50M (Dec 30 2020)
Last sale anchor
$4.50M
Dec 30 2020
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
$652 / 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
$64,602
Tax year 2023
Assessed value
$2,931,246
Assessed 2023
Previous assessed
$3,183,639
-7.9% YoY
Effective rate
2.20%
On assessed value
Assessed land
$2,095,204
Assessed improvement
$836,042
Land market value
$2,095,204
Improvement market value
$836,042
Total market value
$2,931,246
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/MOTEL
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
20
Rooms
22
Bathrooms
83
Total area
6,280 SF
Lot
0.98 ac (42,732 SF)
Zoning code
NC
APN
74-43-43-34-01-003-0010
UPID
US18-2634984
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · West Palm Beach, FLZoning NC · permitted uses
NC · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL 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) district. Sec. 94-149. - Railroad
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
115.64 ac
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.6M
RESTAURANT
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
HOTEL/MOTEL Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1938
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
20
Rooms
22
Bathrooms
83
Lot
0.98 ac
Current owner
From public records · entity-resolved
Royal Palm Wpb Hospitality LLC
Entity
Mailing address
250 ROYAL PALM WAY STE #306, PALM BEACH, FL 33480-4356
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$4,500,000
Royal Palm Wpb Hospitality LLC
Biba El Cid LLC
Grant Deed
$2,500,000 · Davar K
Oct 28, 2020
$165,000
Chewy Gooey Cookies LLC
Michael Closter
Warranty Deed
—
Sep 15, 2011
$700,100
Biba El Cid LLC Of Palm Bch Cnty
320 Belvedere LLC Coc
Trustees Deed
related
—
Jul 12, 2000
$1,100,000
320 Belvedere LLC
Mount Vernon Motor Lodge Ltd
Grant Deed
$1,250,000 · Money Store INC
—
—
320 Belvedere LLC
—
Deed Of Trust
related
$155,600 · Us Small Business Admn
—
—
Belvedere LLC
—
Deed Of Trust
related
$77,800 · 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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