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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Strip malls
607 Main St Belle Glade, FL 33430-3948
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4385947
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
CONCRETE
Total area
5,810 SF
Lot
0.54 ac (23,522 SF)
Zoning code
B-1
APN
04-37-43-41-05-004-0010
UPID
US18-4385947
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
-
Papa John's Pizza Restaurant
-
Alliance Security Group Security Service
-
South Main Pain Inc Alternative Medicine Practice
-
Headquarters Hair & Nail Hair Salon Nail Salon
-
Windshield Replacement Belle Glade Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$940k
Owner & transaction history
Lutz Rentals LLC · 5 yrs held
Lutz Rentals LLC
since 2020
1 recorded transaction
Zoning & alternative use
B-1 · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to provide stores for retail trade, restaurants and delicatessens and also indoor theaters, financial institutions, business offices
Zone name
Central Business
General category
COMMERCIAL
Zone area
31.11 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
$162 / 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
$9,877
Tax year 2023
Assessed value
$281,023
Assessed 2023
Previous assessed
$276,542
+1.6% YoY
Effective rate
3.51%
On assessed value
Assessed land
$56,000
Assessed improvement
$225,023
Land market value
$56,000
Improvement market value
$225,023
Total market value
$281,023
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
18
Total area
5,810 SF
Lot
0.54 ac (23,522 SF)
Zoning code
B-1
APN
04-37-43-41-05-004-0010
UPID
US18-4385947
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Belle Glade, FLZoning B-1 · permitted uses
B-1 · 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 provide stores for retail trade, restaurants and delicatessens and also indoor theaters, financial institutions, business offices
Zone name
Central Business
General category
COMMERCIAL
Zone area
31.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
18
Lot
0.54 ac
Current owner
From public records · entity-resolved
Lutz Rentals LLC
Entity
Free & Clear · 5 yrs held
Mailing address
15975 MDW WOOD DR, WELLINGTON, FL 33414-9027
Ownership since
2020
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
Oct 2, 2020
—
Lutz Rentals LLC
Wallace K Lutz JR.
Quit Claim 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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