Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,445,000
Office buildings
9901 Belvedere Rd Royal Palm Beach, FL 33411
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6273035
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2012
Construction
CONCRETE
Total area
30,620 SF
Lot
2.21 ac (96,185 SF)
Zoning code
CO
APN
72-42-43-31-13-001-0000
UPID
US18-6273035
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
$9.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$8.45M
Owner & transaction history
Belvedere Road LLC · 4 yrs held
Belvedere Road LLC
since 2021
Last sale
$7.7M
5 recorded transactions
Zoning & alternative use
CO · Royal Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$12.8M
+32.5%
Retail stores
$12.7M
+31.7%
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
$9,145,000
ML approach
$9,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,645,000
Current use
INDUSTRIAL (GENERAL)
$12,780,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$12,705,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$8.45M
Range $7.60M – $9.29M · ±10% · vs last sale $7.74M (Aug 26 2021)
Last sale anchor
$7.74M
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
$276 / 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
$126,656
Tax year 2023
Assessed value
$6,539,096
Assessed 2023
Previous assessed
$6,041,617
+8.2% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,514,961
Assessed improvement
$5,024,135
Land market value
$1,514,961
Improvement market value
$5,024,135
Total market value
$6,539,096
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
2012
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
30,620 SF
Lot
2.21 ac (96,185 SF)
Zoning code
CO
APN
72-42-43-31-13-001-0000
UPID
US18-6273035
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
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$12.8M
RETAIL STORES
Est. value
$12.7M
OFFICE BUILDING Current
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
2012
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Belvedere Road LLC
Entity
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
$7,737,131
Belvedere Road LLC
Corporate Center West II LLC
Special Warranty Deed
—
Jul 5, 2016
—
Corporate Center West II LLC
—
Deed
related
$5,080,000 · Legacy Bk/fl
Jan 19, 2012
—
Corporate Center West II LLC
—
Trustees Deed
related
$6,120,000 · Wells Fargo Bank
Dec 21, 2011
$795,000
Corporate Center West II LLC
Corporate Center West LLC
Grant Deed
—
—
—
Corporate Center West II LLC
—
Deed Of Trust
related
$5,080,000 · Legacy Bk/fl
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 9901 Belvedere Rd?
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.
