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Property profile & analytics
OFF-MARKET
Estimated value
$35,035,000
Distribution centers
6747 Belvedere Rd West Palm Beach, FL 33413-1029
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1473935
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2017
Construction
CONCRETE
Total area
165,236 SF
Lot
10.91 ac (475,031 SF)
Zoning code
PIPD
APN
00-42-43-27-32-001-0040
UPID
US18-1473935
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
-
Serafino Foods and Importing LLC Big Box & Wholesale Store Food Market
-
SCP Distributors LLC (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
ABC Supply Co., Inc. Big Box & Wholesale Store Building Supply
-
Daltile, American Olean, Marazzi Sales Service Center Construction Company General Contractor
-
Daltile Stone & Slab Center Hardware & Home Improvement Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.32M
Comparable Approach
Comparable
$33.80M
Blend (final)
Blend
$35.04M
Owner & transaction history
Duke Realty Limited Partnership · 4 yrs held
Duke Realty Limited Partnership
since 2022
1 recorded transaction
Zoning & alternative use
PIPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach 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%
$30,675,000
6.5%
$28,315,000
7%
$26,290,000
Blend value · Realmo final
$35.04M
Range $31.53M – $38.54M · ±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
$212 / 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
$469,190
Tax year 2023
Assessed value
$26,321,564
Assessed 2023
Previous assessed
$26,321,564
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$5,700,348
Assessed improvement
$20,621,216
Land market value
$5,700,348
Improvement market value
$20,621,216
Total market value
$26,321,564
Applied tax rate
192.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2017
Construction
CONCRETE
Cooling
NONE
Stories
1
Total area
165,236 SF
Lot
10.91 ac (475,031 SF)
Zoning code
PIPD
APN
00-42-43-27-32-001-0040
UPID
US18-1473935
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PIPD · West Palm Beach, FL
Zoning PIPD · permitted uses
PIPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
CONCRETE
Cooling
Yes
Stories
1
Lot
10.91 ac
Current owner
From public records · entity-resolved
Duke Realty Limited Partnership
Entity
Free & Clear · 4 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 12, 2022
—
Duke Realty Limited Partnership
Duke Realty Land LLC
Intrafamily Transfer
related
—
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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