Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    835 Belvedere Rd West Palm Beach, FL 33405-1109

    • Commercial land
    • 2,500 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Nov 10, 2020
    $1,500,000
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6100872
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 835 Belvedere Rd

    Year built
    1965
    Lot size
    0.06 lot acres
    Property size
    2,500 SF
    Zone code
    NC
    Property type
    Commercial land
    APN
    74-43-43-28-06-033-0201
    APU
    74434328060330201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $940,000
      Current use
      MEDICAL BUILDING
      $1,355,000
      Change: +44% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,285,000
      Change: +37% Conversion: Difficult
      RETAIL STORES
      $1,035,000
      Change: +11% Conversion: Easy
      WAREHOUSE, STORAGE
      $995,000
      Change: +6% Conversion: Difficult
      OFFICE BUILDING
      $885,000
      Change: -6% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0618
    Latitude
    26.6908
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,302
    $112,657
    $0.00
    $112,657
    -
    $112,657
    $0.00
    $112,657

    Comparable in this City

    • Value Estimation by Request
      0.49 Acres

      200 Southern Blvd

      VACANT COMMERCIAL LAND • 2,295 SF
      200 Southern Blvd, West Palm Beach, FL 33405-2702
      View Details
    • Value Estimation by Request
      0.19 Acres

      3060 Dixie Hwy

      VACANT COMMERCIAL LAND • 0.19 Acres
      3060 Dixie Hwy, West Palm Beach, FL 33405-1506
      View Details
    • Value Estimation by Request
      0.18 Acres

      847 Southern Blvd

      VACANT COMMERCIAL LAND • 0.18 Acres
      847 Southern Blvd, West Palm Beach, FL 33405-2529
      View Details
    • Value Estimation
      $1,745,000
      0.10 Acres

      Belvedere Rd

      VACANT COMMERCIAL LAND • 0.10 Acres
      Belvedere Rd, West Palm Beach, FL 33405
      View Details
    • Value Estimation
      $940,000
      0.46 Acres

      835 Belvedere Rd

      VACANT COMMERCIAL LAND • 5,450 SF
      835 Belvedere Rd, West Palm Beach, FL 33405-1109
      View Details
    • Value Estimation by Request
      0.23 Acres

      224 Southern Blvd

      VACANT COMMERCIAL LAND • 988 SF
      224 Southern Blvd, West Palm Beach, FL 33405-2738
      View Details

    Similar Nearby for Sale

    • $7,000,000
      1.00 Acre

      West Palm Beach Acre Property

      One-acre property with redevelopment potential in West Palm Beach.
      7800 S Dixie Hwy, West Palm Beach, FL 33405
      View Details
    • $2,295,000
      0.15 Acres

      Intracoastal Lot in Prospect Park

      75x90 lot to build a custom home.
      236 Avila Rd, West Palm Beach, FL 33405
      View Details
    • $2,295,000

      Land With Approved Building Plans

      Land with approved plans for a 3,000 sq ft home.
      3308 Washington Rd, West Palm Beach, FL 33405
      View Details
    • $699,000

      West Palm Beach Investment Opportunity

      Duplex in vibrant neighborhood, ideal for rental income.
      443 Wilder St, West Palm Beach, FL 33405
      View Details
    • $1,485,000

      SoSo Townhomes Investment Opportunity

      Two townhomes in booming SoSo neighborhood, near Intracoastal.
      4105 Washington Rd, West Palm Beach, FL 33405
      View Details
    • New
      $495,000
      1,404 SF

      West Palm Beach Duplex

      Residential income property in Central Park neighborhood, West Palm Beach.
      325 Conniston Rd, West Palm Beach, FL 33405
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      1,600 SF

      Office/Warehouse Space Available For Rent

      1,600 SF office/warehouse with 16' clear height and overhead door.
      1400 Forsythe Rd, West Palm Beach, FL 33405
      View Details
    • $45 SF/Yr
      4,789 SF

      West Palm Beach Office Space

      Prime West Palm Beach office location with medical zoning.
      385-395 Malverne Blvd, West Palm Beach, FL 33405
      View Details
    • $2,200 /Mo
      1,020 SF

      Versatile Flex Space in West Palm

      1,020 SF flex space with offices and kitchenette.
      6000 Georgia Ave, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in West Palm

      Retail spaces available in West Palm Beach shopping center.
      804-848 Southern Blvd, West Palm Beach, FL 33405
      View Details
    • $21 SF/Yr
      4,750 SF

      Georgia Ave Warehouse - 4,750 SF

      Prime industrial warehouse, single tenant, ideal location.
      5700 Georgia Ave, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      3,000 SF

      West Palm Beach Retail Space

      Retail space available in West Palm Beach, Florida.
      500-642 Belvedere Rd, West Palm Beach, FL 33405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    835 Belvedere Rd
    West Palm Beach, FL 33405-1109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.