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Property profile & analytics
OFF-MARKET
Estimated value
$14,655,000
Office buildings
9801 Belvedere Rd Royal Palm Beach, FL 33411-3640
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3361685
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2009
Construction
CONCRETE
Total area
39,572 SF
Lot
4 ac (174,236 SF)
Zoning code
CO
APN
72-42-43-31-13-002-0000
UPID
US18-3361685
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.06M
Blend (final)
Blend
$14.66M
Owner & transaction history
Belvedere Road LLC · 4 yrs held
Belvedere Road LLC
since 2021
Last sale
$15.3M
2 recorded transactions
Zoning & alternative use
CO · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$23.6M
+89.1%
Medical building
$21.4M
+71.8%
Auto repair, garage
$20.4M
+63.4%
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 Royal Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royal 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
$18,045,000
ML approach
$11,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,465,000
Current use
APARTMENT HOUSE (5+ UNITS)
$23,565,000
Change: +89% · Conversion: Easy
MEDICAL BUILDING
$21,415,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$20,365,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,520,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$16,420,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$14.66M
Range $13.19M – $16.12M · ±10% · vs last sale $15.26M (Aug 26 2021)
Last sale anchor
$15.26M
Aug 26 2021
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
$370 / 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
$170,674
Tax year 2023
Assessed value
$8,831,610
Assessed 2023
Previous assessed
$8,261,153
+6.9% YoY
Effective rate
1.93%
On assessed value
Assessed land
$2,378,362
Assessed improvement
$6,453,248
Land market value
$2,378,362
Improvement market value
$6,453,248
Total market value
$8,831,610
Applied tax rate
72,486.0000
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
2009
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
1
Total area
39,572 SF
Lot
4 ac (174,236 SF)
Zoning code
CO
APN
72-42-43-31-13-002-0000
UPID
US18-3361685
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CO · Royal Palm Beach, FL
Zoning CO · permitted uses
CO · Royal Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royal Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.6M
MEDICAL BUILDING
Est. value
$21.4M
AUTO REPAIR, GARAGE
Est. value
$20.4M
INDUSTRIAL (GENERAL)
Est. value
$16.5M
RETAIL STORES
Est. value
$16.4M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2009
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
4 ac
Current owner
From public records · entity-resolved
Belvedere Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5554 MAIN ST, WILLIAMSVILLE, NY 14221-5406
Ownership since
2021
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
Aug 26, 2021
$15,262,869
Belvedere Road LLC
Corporate Center West LLC
Special Warranty Deed
—
—
—
Corporate Center West LLC
—
Deed Of Trust
related
$8,550,000 · Regent 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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