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    228 Hibiscus Street Jupiter, FL 33458

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    For Sale
    $515,000

    COMMERCIAL - Jupiter, FL

    Property size:
    1,190 SF
    Added:
    Jul 13, 2025
    Days on Market:
    280
    Last Refresh:
    Apr 18 at 6:06 am

    Property Features for 228 Hibiscus Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C2(cit
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    30424101300000010
    Size
    1,190 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    TWO TWENTY EIGHT HIBISCUS CONDUNIT 1
    Tax Annual Amount
    4511

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Laminate
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Mary Jill Elizabeth Falcigno

    Listing agent Mary Jill Elizabeth Falcigno License #3371109

    Listing office The Keyes Company (PBG) 11290 Legacy Ave., #210, Miami, FL

    Listing date Jul 13, 2025

    MLS# R11107442

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warehouse/Office End-Cap in Jupiter

    This 1190 square foot end-cap warehouse/office unit is located in central Jupiter. The space is divided equally into office and warehouse areas. The front of the unit features three light-filled, renovated offices, a break room equipped with a fridge and sink, and a renovated bathroom. The warehouse space has 16-foot ceilings, lofted storage, two equipment storage cages, and a bay door that opens onto a double-wide driveway. The unit is 100% air-conditioned with two zones. Front and rear parking are available. The property is move-in ready and is located one block from Indiantown Road and five minutes from I-95. The property is zoned C2(cit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    24/7 Superior Cleaning ... Hardware & Home Improvement Imperium Home Remodeling ... Hardware & Home Improvement Craft Master Kitchens ... General Contractor American Dumpsters General Contractor First Air AC HVAC Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Food Yacht Charters — 967 FL A1AAlt, Jupiter, FL 33477

    Location Insight

    • Map
    • Local Demand
    City
    Jupiter
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.096923
    Latitude
    26.934875

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    FAQs

    What type of property is this?
    Flex space - 1190 SF warehouse/office in central Jupiter, move-in ready!
    Where is this flex space located?
    The property is located at 228 Hibiscus Street Jupiter, FL.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: Move‑in ready warehouse/office space in a central Jupiter location, just one block from Indiantown Rd and 5 minutes to I‑95.; 1190 SF end‑cap unit with a convenient half office/half warehouse layout.; Renovated office space featuring 3 light‑filled offices, a break‑room, and a bathroom.
    (561) 373-2724
    We can help!
    Listing Contact
    Mary Jill Elizabeth Falcigno
    Real Estate License ID: 3371109
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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