Mixed-Use Property with Retail
11150-11170 SE Federal Highway, Hobe Sound, FL 33455
For Sale
$2,500,000
The offering combines three retail storefronts, a separate commercial building, a remodeled duplex, and additional land.
Property Size6,500 SF
Price / SF$384.62
Days on Market64
Property Features for 11150-11170 SE Federal Highway
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Mixed-Use Components
Additional Details
Land Use
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
detached garage
Central air
Metal Roof
Aluminum Roof
Central Air Cooling
Central Heating
Common
Volts440
Building Details
Year Built
Tenancy
Listing Agency:
PALM BEACH PROPERTY BUYERS LLC
Listed By:
JASON SOUWED · License FL B26075520
(561) 866-6399
Source:
Corcoran
Added: Sep 12
Changed: Nov 12
Last Checked: Nov 14 at 5:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PALM BEACH PROPERTY BUYERS LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property brings together approximately 6,500 square feet of commercial space and a remodeled duplex. The commercial component includes a 4,200-square-foot building with three retail storefronts and a separate 2,300-square-foot building. The duplex contains two 2-bedroom, 1-bath units; updates include flooring, kitchens, and a roof. A detached garage and additional land are also part of the offering. The garage has a separate electric meter, and the land may support further construction or expansion subject to zoning and approvals.
The property fronts US-1, also known as SE Federal Highway, in Hobe Sound. It is within the Hobe Sound CRA and carries a General Commercial Future Land Use designation. Hobe Sound Beach and Jupiter Island are approximately 10 minutes away, while I-95 is about 7 miles from the property. The buildings date to 1970.
The property fronts US-1, also known as SE Federal Highway, in Hobe Sound. It is within the Hobe Sound CRA and carries a General Commercial Future Land Use designation. Hobe Sound Beach and Jupiter Island are approximately 10 minutes away, while I-95 is about 7 miles from the property. The buildings date to 1970.
Key Highlights
- Approximately 6,500 SF of commercial space across two buildings
- 4,200 SF front building with three retail storefronts and US‑1 exposure
- Separate 2,300 SF commercial building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,533
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,390,660
$2.4M
Cap Rate 7%
$1,707,614
$1.7M
Cap Rate 9%
$1,328,144
$1.3M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$175.5K $27.00/SF
− Vacancy
−$4.7K −$0.73/SF
EGI
$170.8K $26.27/SF
− OpEx
−$51.2K −$7.88/SF
NOI
$119.5K $18.39/SF
Area
Martin County, FL
Vacancy
2.70%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,390,660
Cap Rate 7%
$1,707,614
Cap Rate 9%
$1,328,144
Alternative Uses
Best Use
Retail
$1.71M
$1.49M – $1.99M
NOI $119,533 @ 7.0% cap · market cap 4.78%
Second Best
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,977 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,728 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 33455, FL
20,799
Population
11,681
Households
1.8
Avg Household Size
60
Median Age
36%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
367
Density / Sq Mi
$74,149
Median Household Income
$35,161
Median Earnings
$1,193
Median Rent
$395,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering combines three retail storefronts, a separate commercial building, a remodeled duplex, and additional land.
Where is this mixed-use property located?
The property is located at 11150-11170 SE Federal Highway Hobe Sound, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 6,500 SF of commercial space across two buildings; 4,200 SF front building with three retail storefronts and US‑1 exposure; Separate 2,300 SF commercial building
