New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,890,000
Showrooms
8470 Belvedere Rd, West Palm Beach, FL 33411-3225
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0250491
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1990
Construction
CONCRETE
Total area
3,240 SF
Lot
1.23 ac (53,426 SF)
Zoning code
MUPD
APN
00-42-43-32-19-001-0050
UPID
US18-0250491
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
-
Estrada Firm Law Firm
-
Palms West Industrial Park Business Park
-
Southland Garage Door Repair Building Supply General Contractor
-
Heavy Duty Tire LLC Big Box & Wholesale Store
-
Coast to Coast Forms General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.89M
Owner & transaction history
Belvedere 8470 LLC · 2 yrs held
Belvedere 8470 LLC
since 2024
Last sale
$6.9M
2 recorded transactions
Zoning & alternative use
MUPD · 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
$6,890,000
ML approach
$6,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.89M
Range $6.20M – $7.58M · ±10% · vs last sale $6.89M (Jan 8 2024)
Last sale anchor
$6.89M
Jan 8 2024
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
$2,127 / 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
$17,255
Tax year 2023
Assessed value
$1,179,790
Assessed 2023
Previous assessed
$826,199
+42.8% YoY
Effective rate
1.46%
On assessed value
Assessed land
$801,375
Assessed improvement
$378,415
Land market value
$801,375
Improvement market value
$378,415
Total market value
$1,179,790
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,240 SF
Lot
1.23 ac (53,426 SF)
Zoning code
MUPD
APN
00-42-43-32-19-001-0050
UPID
US18-0250491
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MUPD · West Palm Beach, FL
Zoning MUPD · permitted uses
MUPD · 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
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Belvedere 8470 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8230 SW 116TH TER, MIAMI, FL 33156-5136
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
$6,891,750
Belvedere 8470 LLC
Lord Properties III LLC
Warranty Deed
—
Jun 18, 2018
$2,250,000
Lord Properties III LLC
8470 Belvedere LLC
Warranty Deed
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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