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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Residential income homes
565 Ave A A Belle Glade, FL 33430-5733
Entity Owned
6-yr Hold
Property ID
US18-0386505
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1962
Construction
CONCRETE
Total area
8,280 SF
Lot
0.19 ac (8,468 SF)
Zoning code
B-2
APN
04-37-43-31-01-020-0340
UPID
US18-0386505
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
$2.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Mcelhaney Investments INC · 6 yrs held
Mcelhaney Investments INC
since 2019
7 recorded transactions
Zoning & alternative use
B-2 · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to stores for retail trade, restaurants and delicatessens, indoor theaters, financial institutions, filling stations
Zone name
Restricted Business
General category
COMMERCIAL
Zone area
375.50 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,300,000
6.5%
$2,125,000
7%
$1,970,000
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10%
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
$186 / 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
$6,970
Tax year 2023
Assessed value
$291,389
Assessed 2023
Previous assessed
$291,389
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$7,369
Assessed improvement
$284,020
Land market value
$7,369
Improvement market value
$284,020
Total market value
$291,389
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
3
Units
4
Rooms
15
Bathrooms
11
Total area
8,280 SF
Lot
0.19 ac (8,468 SF)
Zoning code
B-2
APN
04-37-43-31-01-020-0340
UPID
US18-0386505
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Belle Glade, FLZoning B-2 · permitted uses
B-2 · 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 stores for retail trade, restaurants and delicatessens, indoor theaters, financial institutions, filling stations
Zone name
Restricted Business
General category
COMMERCIAL
Zone area
375.50 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Units
4
Rooms
15
Bathrooms
11
Lot
0.19 ac
Current owner
From public records · entity-resolved
Mcelhaney Investments INC
Entity
Mailing address
1531 SW 63RD TER, NORTH LAUDERDALE, FL 33068-4401
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2019
$525,000
Mcelhaney Investments INC
Marjorie Brown
Grant Deed
$307,000 · Jon M Tholen
Nov 4, 2019
$260,000
A 565 W Land Trust
565 West Ave A LLC
Grant Deed
—
Apr 26, 2018
$65,000
565 West Ave A LLC
Coppersmith,james
Warranty Deed
—
Jun 28, 2013
$16,000
James Coppersmith
Sardo,richard
Warranty Deed
—
Mar 20, 2013
$1,000
Richard Sardo
Ivskin LLC
Warranty Deed
—
Dec 10, 2009
—
Ivskin LLC
Sher,robert
Warranty Deed
—
Oct 12, 2006
$850,000
Jmh Real Estate Corp
Carter,frank
Warranty Deed
$410,000 · Robert J Sher
Jul 7, 2005
$295,000
Frank Carter
We Buy Houses & INC
Warranty Deed
$250,000 · Tark LLC
Oct 7, 2003
$100,000
We Buy Houses Plus INC
Aaa Storage INC
Grant Deed
$100,000 · Meshnick Trust
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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