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Property profile & analytics
OFF-MARKET
Office buildings

408 Dr Martin Luther King Jr E Blvd Belle Glade, FL 33430-4030

9,625 SF 0.46 ac lot Built 1988
Individually Owned 1-yr Hold Free & Clear
Property ID
US18-3597291
Property summary
AI-generated overview

This exceptional mixed-use property, located at 408 Dr Martin Luther King Jr Boulevard E in Belle Glade, Florida, presents a unique investment opportunity. The 11,999 square foot building, constructed in 1988, offers a blank canvas for a variety of commercial ventures. Currently a shell, its adaptability is a key advantage. The property sits on a lot with no specified square footage. The building features a climate-controlled mezzanine level, previously utilized for storage and equipped with existing rack systems, providing immediate functional space. This ready-to-customize space is perfect for entrepreneurs seeking a flexible layout to suit their specific business needs. The asking price for this prime Belle Glade, Florida property is $400,000. Situated in Palm Beach County, with the address 408 Dr Martin Luther King Jr Boulevard E, zip code 33430, this location offers excellent accessibility and visibility. The property's versatility makes it an ideal investment for those seeking high return potential in a dynamic market. This single-unit building presents a rare opportunity to acquire a substantial commercial space in a growing area. The existing infrastructure, including the climate-controlled mezzanine and storage racks, significantly reduces initial setup costs. Don't miss this chance to capitalize on the potential of this adaptable and well-located property.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1988
Construction CONCRETE
Total area 9,625 SF
Lot 0.46 ac (20,038 SF)
Zoning code R-1
APN 04-37-43-41-08-001-0011
UPID US18-3597291
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Felix Michelet · 1 yrs held
Felix Michelet
since 2024
Last sale
$390,000
5 recorded transactions
2024
$390,000
2023
$400,000
2022
$457,500
2019
$109,400
2018
Price N/A
Zoning & alternative use
R-1 · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The intent of this zone is to provide single family dwellings to the community

Zone name Residential Up To 5.8 Dwelling Units Per Acre
General category RESIDENTIAL
Zone area 1,010.68 ac
Source Realmo
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