Property profile

9940 Belvedere Rd Ste A Royal Palm Beach, FL 33411

OFF-MARKET
Community centers
Property ID
US18-3878399
13,168 SF 1.48 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This thriving restaurant in West Palm Beach, Florida, presents a unique investment opportunity. Located within the bustling Super Walmart Plaza, alongside a Murphy Gas Station and other established businesses, this property benefits from exceptional visibility and high foot traffic. The restaurant itself is a proven income generator, consistently producing significant revenue. The sale includes all necessary equipment, appliances, and furniture, simplifying the transition for the new owner. Situated near several residential communities and a professional technology school, the location ensures a steady stream of potential customers. The current lease is transferable, offering significant cost savings with a low monthly rent of $4,761, which includes trash removal. Built in 2004, this business occupies a space within a larger plaza at 9940 Belvedere Road, West Palm Beach, FL 33411. The property's address is verified as 9940 Belvedere Road, in Palm Beach County. While the lot size is not specified, the consistent profitability and prime location make this a compelling investment opportunity for a savvy entrepreneur seeking a turnkey operation. The seller is motivated to sell due to the challenge of managing multiple restaurants simultaneously. This is a chance to acquire a well-established business with significant growth potential in a high-demand area.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2004
Construction CONCRETE
Total area 13,168 SF
Lot 1.48 ac (64,347 SF)
Zoning code CG
APN 72-42-43-31-07-000-0030
UPID US18-3878399

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Nail Salon
  • Take-out & Catering Catering Service
  • Restaurant

Location

9940 Belvedere Rd Ste A Royal Palm Beach, FL 33411-3500
Royal Palm Beach metro Census 7818 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.28M
Comparable Approach Comparable
$4.19M
Blend (final) Blend
$3.48M

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2023
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CG · Royal Palm Beach, FL
Zoning description

The purpose and intent of this district is to provide for a variety of general retailing and personal service commercial activities in centrally located or easily accessible areas consistent with the village's comprehens…

General category COMMERCIAL
Top alternative use upside
Industrial (general) $5.5M +41.8%
Retail stores $5.5M +41.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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