Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Grocery and convenience stores
9 Ave L L Belle Glade, FL 33430-1969
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-8795552
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1982
Construction
CONCRETE
Total area
2,400 SF
Lot
0.81 ac (35,105 SF)
Zoning code
B-3
APN
04-37-43-30-00-000-5140
UPID
US18-8795552
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$354k
Blend (final)
Blend
$585k
Owner & transaction history
Sahar Petroleum Corp · 17 yrs held
Sahar Petroleum Corp
since 2008
4 recorded transactions
Zoning & alternative use
B-3 · Belle Glade, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to filling stations and service stations with or without major mechanical repairs, vehicular repair facility, vehicular sales and rentals and also veterinary hospitals in completely enclosed structures
Zone name
Liberal Business
General category
CIVIC_INSTITUTIONAL
Zone area
52.57 ac
Source
Realmo
Top alternative use upside
Office building
$950,000
+0.4%
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 Belle Glade submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belle Glade 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
$400,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Current use
OFFICE BUILDING
$950,000
Change: +0% · Conversion: Moderate
MEDICAL BUILDING
$945,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$820,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$244 / 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
$12,939
Tax year 2023
Assessed value
$424,547
Assessed 2023
Previous assessed
$429,747
-1.2% YoY
Effective rate
3.05%
On assessed value
Assessed land
$170,591
Assessed improvement
$253,956
Land market value
$170,591
Improvement market value
$253,956
Total market value
$424,547
Applied tax rate
4,486.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
4
Total area
2,400 SF
Lot
0.81 ac (35,105 SF)
Zoning code
B-3
APN
04-37-43-30-00-000-5140
UPID
US18-8795552
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Belle Glade, FLZoning B-3 · permitted uses
B-3 · Belle Glade, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to filling stations and service stations with or without major mechanical repairs, vehicular repair facility, vehicular sales and rentals and also veterinary hospitals in completely enclosed structures
Zone name
Liberal Business
General category
CIVIC_INSTITUTIONAL
Zone area
52.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$950,000
OFFICE BUILDING
Est. value
$950,000
MEDICAL BUILDING
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Lot
0.81 ac
Current owner
From public records · entity-resolved
Sahar Petroleum Corp
Entity
Mailing address
9 NW AVE L L, BELLE GLADE, FL 33430-1969
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2009
—
Sahar Petroleum Corp
—
Trustees Deed
related
$254,725 · First Bank
Oct 28, 2008
$450,000
Sahar Petroleum Corp
Gastven Corp
Warranty Deed
$413,000 · First Bank
Jan 19, 2006
—
Gastven Corp
—
Trustees Deed
related
$67,000 · Berner Oil Co INC
—
—
Sahar Petroleum Corp
—
Deed Of Trust
related
$120,275 · First 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9 Ave L L?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
