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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Strip malls
811 Belvedere Rd West Palm Beach, FL 33405-1109
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4970225
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1940
Construction
WOOD
Total area
7,334 SF
Lot
0.18 ac (7,884 SF)
Zoning code
NC
APN
74-43-43-28-06-033-0151
UPID
US18-4970225
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
-
Antiques & Modern Auction Trade Show Venue (Bike/Boat/Book/etc) Store
-
Florida Arts Association Theater & Performing Art Venue
-
Kazgan Fight and Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.39M
Owner & transaction history
Mccabe Development LLC · 4 yrs held
Mccabe Development LLC
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
NC · 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
$1,450,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,160,000
Current use
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.10M (Sep 1 2021)
Last sale anchor
$1.10M
Sep 1 2021
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
$189 / 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
$19,046
Tax year 2023
Assessed value
$808,148
Assessed 2023
Previous assessed
$771,557
+4.7% YoY
Effective rate
2.36%
On assessed value
Assessed land
$154,428
Assessed improvement
$653,720
Land market value
$154,428
Improvement market value
$653,720
Total market value
$808,148
Applied tax rate
74,402.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Total area
7,334 SF
Lot
0.18 ac (7,884 SF)
Zoning code
NC
APN
74-43-43-28-06-033-0151
UPID
US18-4970225
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · West Palm Beach, FL
Zoning NC · permitted uses
NC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1940
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Mccabe Development LLC
Entity
Mailing address
714 WHISPERING PNES RD, BOYNTON BEACH, FL 33435-8139
Ownership since
2021
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
Sep 1, 2021
$1,100,000
Mccabe Development LLC
Gabriel Isasi IV
Warranty Deed
$190,000 · Gabriel Isasi
Feb 22, 2019
$100
Gabriel Isasi IV
Isasi,gabriel SR & Gabriel IV
Warranty Deed
related
—
Oct 18, 2016
—
Gabriel Isasi SR
Isasi,gabriel SR
Quit Claim Deed
related
—
—
—
Gabriel Isasi
—
Deed Of Trust
related
$150,000 · Flagler Bank
—
—
Gabriel Isasl
—
Deed Of Trust
related
$240,000 · Fidelity Federal Bank & Trust
—
—
Gabriel Isasi
—
Deed Of Trust
related
$250,000 · Flagler Bank
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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