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Property profile & analytics
OFF-MARKET
Office buildings
556 16th St Belle Glade, FL 33430-3601
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-8778985
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1966
Construction
WOOD
Total area
1,444 SF
Lot
0.69 ac (30,056 SF)
Zoning code
B-3
APN
04-37-44-37-00-000-0022
UPID
US18-8778985
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Okeechobee Land Co · 19 yrs held
Okeechobee Land Co
since 2006
2 recorded transactions
Zoning & alternative use
B-3 · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to filling stations and service stations with or without major mechanical repairs, vehicular repair facility, vehicular sales and rentals and also veterinary hospitals in completely enclosed structures
Zone name
Liberal Business
General category
CIVIC_INSTITUTIONAL
Zone area
52.57 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,266
Tax year 2023
Assessed value
$74,379
Assessed 2023
Previous assessed
$72,675
+2.3% YoY
Effective rate
3.05%
On assessed value
Assessed land
$34,317
Assessed improvement
$40,062
Land market value
$34,317
Improvement market value
$40,062
Total market value
$74,379
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
4
Total area
1,444 SF
Lot
0.69 ac (30,056 SF)
Zoning code
B-3
APN
04-37-44-37-00-000-0022
UPID
US18-8778985
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Belle Glade, FLZoning B-3 · permitted uses
B-3 · 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 filling stations and service stations with or without major mechanical repairs, vehicular repair facility, vehicular sales and rentals and also veterinary hospitals in completely enclosed structures
Zone name
Liberal Business
General category
CIVIC_INSTITUTIONAL
Zone area
52.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.69 ac
Current owner
From public records · entity-resolved
Okeechobee Land Co
Entity
Mailing address
691 E MAIN ST, PAHOKEE, FL 33476-1403
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2006
$69,371
Okeechobee Land Co
Carter,thomas G & Joellen
Warranty Deed
$69,371 · Thomas G & Joellen Carter
Jun 1, 2005
$10,000
Thomas G Carter
Edwards,nathaniel Coc
Trustees 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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