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Property profile & analytics
FOR LEASE
Industrial properties
8020 Belvedere Rd West Palm Beach, FL 33411
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3559089
For Lease
1 / 2
$28 SF/Yr
8020 Belvedere Rd, West Palm Beach, FL 33411
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2002
Construction
CONCRETE
Total area
17,350 SF
Lot
8.04 ac (350,018 SF)
Zoning code
IL
APN
00-42-43-32-05-000-0020
UPID
US18-3559089
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
-
Weedoo Greenboat, Inc Aquatic Weed Harvester Boat Dealer Agricultural Service
-
International Orthopedic Physician
-
Healthcare Supply Service Dental Office
-
Wildcat Demolition Specialists Construction Company General Contractor
-
Dental Bargains Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.05M
Comparable Approach
Comparable
$4.61M
Blend (final)
Blend
$5.16M
Owner & transaction history
Kva Belvedere LLC · 9 yrs held
Kva Belvedere LLC
since 2016
6 recorded transactions
Zoning & alternative use
IL · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$7.2M
+18.7%
Retail stores
$7.2M
+18.0%
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%
$4,390,000
6.5%
$4,050,000
7%
$3,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,100,000
Current use
INDUSTRIAL (GENERAL)
$7,245,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$7,200,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±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
$297 / 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
$259,298
Tax year 2023
Assessed value
$16,660,323
Assessed 2023
Previous assessed
$12,828,355
+29.9% YoY
Effective rate
1.56%
On assessed value
Assessed land
$5,600,304
Assessed improvement
$11,060,019
Land market value
$5,600,304
Improvement market value
$11,060,019
Total market value
$16,660,323
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Units
1
Total area
17,350 SF
Lot
8.04 ac (350,018 SF)
Zoning code
IL
APN
00-42-43-32-05-000-0020
UPID
US18-3559089
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IL · West Palm Beach, FL
Zoning IL · permitted uses
IL · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$7.2M
RETAIL STORES
Est. value
$7.2M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
1
Lot
8.04 ac
Current owner
From public records · entity-resolved
Kva Belvedere LLC
Entity
Mailing address
275 REGATTA DR, JUPITER, FL 33477-4075
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2016
$12,000,000
Kva Belvedere LLC
Belvedere Business Park INC
Grant Deed
$8,000,000 · Miscellaneous Ins Co
Sep 9, 2016
—
Belvedere Business Park INC
—
Deed
related
$24,212,500 · Bankunited Fsb
Jul 21, 2011
—
Vista Business Park INC
—
Deed Of Trust
related
$66,385,438 · Jefferies Loancore LLC
—
—
Belvedere Business Park INC
—
Deed Of Trust
related
—
—
—
Belvedere Business Park INC
—
Loan Modification
related
$24,212,500 · Bankunited Fsb
—
—
Belvedere Business Park INC
—
Deed Of Trust
related
$4,033,978 · Suntrust Bank NA
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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