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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Showrooms
500 Orange Ave Cir, Belle Glade, FL 33430-5221
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-9090349
Property summary
AI-generated overview
This exceptional 217,800 square foot industrial property in Belle Glade, Florida, presents a remarkable investment opportunity. Situated on a 10-acre lot (with the option to acquire an additional 5 acres), this vacant site boasts Heavy Industrial I-2 zoning, offering unparalleled flexibility for various uses including distribution, flex, and manufacturing. The property's strategic location within a Heavy Industrial Park provides easy access to major transportation arteries such as US-27, Southern Boulevard, 441, and I-80, ensuring seamless logistics. Its proximity to the railroad further enhances its operational efficiency. The asking price is $5,900,000. Detailed surveys and Belle Glade permitted zoning lists are available upon request. This is a rare chance to secure a substantial industrial holding in Palm Beach County with exceptional zoning and convenient access to key transportation networks. The property's size and zoning make it ideal for a wide range of industrial operations. Don't miss this opportunity to acquire a prime piece of industrial real estate in a rapidly growing area. The APN is 04374319000005030.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Construction
STEEL FRAME
Total area
6,720 SF
Lot
100.15 ac (4,362,547 SF)
Zoning code
I-2
APN
04-37-43-19-00-000-1100
UPID
US18-9090349
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
-
TKM Boxhouse Warehouse & Storage
-
Pride Enterprises Agrcltrl Division Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.78M
Owner & transaction history
Finfrock Properties South Florida L · 5 yrs held
Finfrock Properties South Florida L
since 2021
Last sale
$3.9M
1 recorded transaction
Zoning & alternative use
I-2 · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+46.8%
Apartment house (5+ units)
$4.6M
+45.8%
Auto repair, garage
$3.3M
+5.0%
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
$3,640,000
ML approach
$3,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,160,000
Current use
RESTAURANT
$4,640,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,605,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,320,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$2,665,000
Change: -16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,655,000
Change: -16% · Conversion: Difficult
MEDICAL BUILDING
$2,650,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±10% · vs last sale $3.85M (Mar 12 2021)
Last sale anchor
$3.85M
Mar 12 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
$562 / 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
$75,130
Tax year 2023
Assessed value
$2,138,347
Assessed 2023
Previous assessed
$2,138,267
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$2,137,847
Assessed improvement
$500
Land market value
$3,004,509
Improvement market value
$500
Total market value
$3,005,009
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,720 SF
Lot
100.15 ac (4,362,547 SF)
Zoning code
I-2
APN
04-37-43-19-00-000-1100
UPID
US18-9090349
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Belle Glade, FL
Zoning I-2 · permitted uses
I-2 · Belle Glade, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belle Glade. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
100.15 ac
Current owner
From public records · entity-resolved
Finfrock Properties South Florida L
Entity
Free & Clear · 5 yrs held
Mailing address
2400 APOPKA BLVD, APOPKA, FL 32703-7743
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
$3,850,000
Finfrock Properties South Florida L
Bgi Group LLC
Special Warranty Deed
—
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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