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Property profile & analytics
OFF-MARKET
Estimated value
$8,580,000
Office buildings
9040 Belvedere Rd West Palm Beach, FL 33411-3636
Entity Owned
~
Est. High Equity
Property ID
US18-0184678
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
CONCRETE
Total area
10,440 SF
Lot
2.79 ac (121,676 SF)
Zoning code
IG
APN
00-42-43-31-03-000-0011
UPID
US18-0184678
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
-
American General Construction Corporation Construction Company General Contractor
-
Weatherguard Building Products Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.00M
CAP Approach
CAP
$5.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.58M
Owner & transaction history
Ba Belvedere LLC
Ba Belvedere LLC
since 2025
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
IG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.3M
+152.5%
Restaurant
$8.0M
+142.8%
Apartment house (5+ units)
$6.2M
+89.1%
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
$8,920,000
ML approach
$8,995,000
CAP Approach
CAP Return
Estimation
6%
$6,470,000
6.5%
$5,970,000
7%
$5,545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,305,000
Change: +152% · Conversion: Difficult
RESTAURANT
$7,985,000
Change: +143% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,215,000
Change: +89% · Conversion: Easy
MEDICAL BUILDING
$5,650,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,375,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$8.58M
Range $7.72M – $9.44M · ±10% · vs last sale $8.20M (Mar 24 2022)
Last sale anchor
$8.20M
Mar 24 2022
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
$822 / 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
$102,367
Tax year 2023
Assessed value
$5,549,582
Assessed 2023
Previous assessed
$4,414,951
+25.7% YoY
Effective rate
1.84%
On assessed value
Assessed land
$2,190,168
Assessed improvement
$3,359,414
Land market value
$2,190,168
Improvement market value
$3,359,414
Total market value
$5,549,582
Applied tax rate
196.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
8
Total area
10,440 SF
Lot
2.79 ac (121,676 SF)
Zoning code
IG
APN
00-42-43-31-03-000-0011
UPID
US18-0184678
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
IG · West Palm Beach, FL
Zoning IG · permitted uses
IG · 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
WAREHOUSE, STORAGE
Est. value
$8.3M
RESTAURANT
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.4M
WAREHOUSE, STORAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
8
Lot
2.79 ac
Current owner
From public records · entity-resolved
Ba Belvedere LLC
Entity
Mailing address
40 MORRIS AVE STE #230, BRYN MAWR, PA 19010-3300
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
—
Ba Belvedere LLC
Alliance Belvedere LLC
Special Warranty Deed
$128,200,000 · Bnp Paribas
Mar 24, 2022
$8,200,000
Alliance Belvedere LLC
Hog Properties LLC
Special Warranty Deed
$53,788,000 · Cre Lender Sub I LLC
Dec 6, 2021
—
Hog Properties LLC
—
Deed
related
$2,480,000 · Bank Of America NA
Aug 22, 2019
—
Us Small Business Administrati
Florida First Cap Fin Corp
Grant Deed
related
—
Aug 15, 2019
—
Simplified Holdings LLC
—
Deed
related
$2,969,789 · First Bk/the Palm Beaches
Aug 27, 2018
—
Simplified Holdings LLC
—
Deed
related
$2,431,000 · Florida First Cap Fin
Aug 23, 2018
—
Simplified Holdings LLC
—
Deed
related
$2,375,831 · Mercantile Cap
Feb 2, 2018
$2,575,000
Simplified Holdings LLC
Davidoff Investments LLC
Grant Deed
related
$2,175,000 · Davidoff Investments LLC
Jul 22, 2015
$1,675,500
Davidoff Investments LP
Belvedere R/e Ventures Coc
Trustees Deed
related
—
Feb 11, 2009
—
Belvedere R/e Ventures LLC
—
Trustees Deed
related
$500,000 · Davidoff Investments LP
Feb 17, 1999
$1,550,000
Poma Acquisition Corp
Poma & Sons INC
Grant Deed
related
$3,400,000 · Bank Austria Creditanstalt Cor
—
—
Belvedere R/e Ventures LLC
—
Deed Of Trust
related
$50,000 · Davidoff Investments LP
—
—
Belvedere R/e Ventures LLC
—
Deed Of Trust
related
$296,000 · Davidoff Investments LP
—
—
Belvedere R/e Ventures LLC
—
Deed Of Trust
related
$125,000 · Davidoff Investments LP
—
—
Simplified Holdings LLC
—
Deed Of Trust
related
$2,969,789 · First Bk/the Palm Beaches
—
—
Belvedere R/e Ventures LLC
—
Deed Of Trust
related
$100,000 · Davidoff Investments LP
—
—
Simplified Holdings LLC
—
Deed Of Trust
related
$2,431,000 · Florida First Cap Fin
—
—
Simplified Holdings LLC
—
Deed Of Trust
related
$2,375,831 · Mercantile Cap
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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