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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Showrooms
925 12th St, Belle Glade, FL 33430
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5578042
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1967
Construction
STEEL FRAME
Total area
18,255 SF
Lot
0.73 ac (31,799 SF)
Zoning code
I-2
APN
04-37-43-31-13-010-0100
UPID
US18-5578042
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
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$700k
Owner & transaction history
Mj National Investment LLC · 1 yrs held
Mj National Investment LLC
since 2024
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
I-2 · Belle Glade, 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 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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Dec 17 2024)
Last sale anchor
$700k
Dec 17 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
$38 / 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
$13,447
Tax year 2023
Assessed value
$385,222
Assessed 2023
Previous assessed
$337,922
+14.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$14,933
Assessed improvement
$370,289
Land market value
$14,933
Improvement market value
$370,289
Total market value
$385,222
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
18,255 SF
Lot
0.73 ac (31,799 SF)
Zoning code
I-2
APN
04-37-43-31-13-010-0100
UPID
US18-5578042
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Belle Glade, FL
Zoning I-2 · permitted uses
I-2 · Belle Glade, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belle Glade. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Mj National Investment LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1690, BELLE GLADE, FL 33430-6690
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
$700,000
Mj National Investment LLC
Glades Formulating Corporation
Warranty Deed
—
Dec 3, 2021
—
Glades Formulating Corporation
—
Deed
related
$130,000 · Maye Fertilizer
Mar 15, 2019
—
Glades Formulation Corp
—
Deed
related
$27,555 · First Bk
Feb 3, 2017
—
Glades Formulating Cn
—
Deed
related
$30,000 · Firstbank
Mar 1, 2006
$265,000
Glades Formulating Corp
Montalvo,juan F & Hilda S
Warranty Deed
$265,000 · Juan F & Hilda S Montalvo
—
—
Glades Formulation Corp
—
Loan Modification
related
$27,555 · First Bk
—
—
Glades Formulating Corp
—
Deed Of Trust
related
$340,000 · 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.
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