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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Strip malls
928 Belvedere Rd West Palm Beach, FL 33405-1101
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0871969
Property summary
AI-generated overview
This West Palm Beach property at 928 Belvedere Rd offers a 1,200 square foot vacant retail space, perfect for a restaurant. Previously a pizzeria, this space boasts a vented double-deck Pride Pizza oven. The building, constructed in 1962 and renovated in 2023, features a total of 6,000 square feet across one story. The 1,200 square foot unit is a "vanilla shell" with recent upgrades including fresh paint, new LED lighting, a new electrical panel, a new grease trap, a new tankless water heater, and an updated bathroom. The property sits on 0.26 acres and is zoned NC-Neighborhood Commercial. Twelve parking spaces are available for patrons. The minimum divisible space is 1,200 square feet, and the maximum contiguous space is also 1,200 square feet. The building's floor area ratio (FAR) is 0.47. This turnkey space is ready for immediate occupancy and is ideally suited for a restaurant or similar retail use. The property's address is 928 Belvedere Rd, West Palm Beach, FL 33405.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.26 ac (11,317 SF)
Zoning code
NC
APN
74-43-43-33-36-000-0100
UPID
US18-0871969
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
-
World Bargains the Land-Deals Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$930k
Owner & transaction history
928 Belvedere Rd LLC · 4 yrs held
928 Belvedere Rd LLC
since 2022
Last sale
$870,000
2 recorded transactions
Zoning & alternative use
NC · 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)
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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
$945,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $870k (Apr 22 2022)
Last sale anchor
$870k
Apr 22 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
$155 / 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
$20,382
Tax year 2023
Assessed value
$788,314
Assessed 2023
Previous assessed
$755,023
+4.4% YoY
Effective rate
2.59%
On assessed value
Assessed land
$277,267
Assessed improvement
$511,047
Land market value
$277,267
Improvement market value
$511,047
Total market value
$788,314
Applied tax rate
74,402.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,000 SF
Lot
0.26 ac (11,317 SF)
Zoning code
NC
APN
74-43-43-33-36-000-0100
UPID
US18-0871969
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
NC · West Palm Beach, FL
Zoning NC · permitted uses
NC · 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
1962
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
928 Belvedere Rd LLC
Entity
Mailing address
3797 S MILITARY TRL, LAKE WORTH, FL 33463-8738
Ownership since
2022
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
Apr 22, 2022
$870,000
928 Belvedere Rd LLC
Frandsco J Argain
Warranty Deed
$720,000 · Anchor Bank
Aug 1, 2001
$240,000
Francisco J Argain
Paulette,sants A
Grant Deed
$60,000 · Eduardo
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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