511 5Th St, Belle Glade, FL 33430
This unique 5,400 square foot property located at 511 SW 5th Street, Belle Glade, FL 33430, presents a compelling redevelopment opportunity. Built in 1960, this two-story structure previously functioned as a rooming house, boasting a total of 30 rooms. The building features robust "CBS" construction, twin "T" floor trusses, and a concrete roof, indicating a solid foundation despite its current condition. Each floor includes two complete bathrooms and two kitchen areas, offering potential for various layouts and configurations. It's important to note that the property sustained fire damage on the second floor in the past and is currently boarded up. The lot size is not specified. This property is being offered at an asking price of $150,000 and is classified as Special Purpose. The substantial square footage and existing infrastructure provide a strong base for a comprehensive renovation project, making it an attractive investment for developers and entrepreneurs seeking a unique challenge in the Belle Glade, Palm Beach County market. The property's location in Belle Glade, Florida offers access to local amenities and infrastructure. Serious inquiries are encouraged to explore the full potential of this redevelopment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.