Mixed-Use Property with Commercial
For Sale
$2,500,000
11150 SE Federal Hwy, Hobe Sound, FL 33455
Combined commercial and residential improvements with General Commercial Future Land Use in the Hobe Sound CRA.
Property Size6,500 SF
Price / SF$384.62
Days on Market47
Property Features for 11150 SE Federal Hwy
General Information
Standard status
Active
Size
6,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, mixed-use
Building Details
Year Built
1970
Buildings
3
Listing Agency:
Palm Beach Property Buyers LLC
Listed By:
Jason Souwed · License #3291390
(561) 479-6008
Source:
Thepennteam
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 7 at 1:14PM
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
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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 at 11150 SE Federal Highway includes an existing commercial plaza, a duplex, a detached garage, and additional land between the residential and commercial improvements. The garage has its own electric meter, while the interior layout and site configuration may support future conversion or expansion, subject to applicable approvals. The property was built in 1970.
Positioned directly on US-1/SE Federal Highway, the property offers access to a major corridor in Hobe Sound. Hobe Sound Beach and Jupiter Island are approximately 10 minutes away, and I-95 is approximately 7 miles from the site. The property carries General Commercial Future Land Use and is within the Hobe Sound CRA.
Positioned directly on US-1/SE Federal Highway, the property offers access to a major corridor in Hobe Sound. Hobe Sound Beach and Jupiter Island are approximately 10 minutes away, and I-95 is approximately 7 miles from the site. The property carries General Commercial Future Land Use and is within the Hobe Sound CRA.
Key Highlights
- Commercial plaza, duplex, detached garage, and additional land included
- Directly on US‑1/SE Federal Highway
- General Commercial Future Land Use within the Hobe Sound CRA
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
$1.36M
$1.19M – $1.59M
NOI $95,454 @ 7.0% cap · market cap 3.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial and residential improvements with General Commercial Future Land Use in the Hobe Sound CRA.
Where is this mixed-use property located?
The property is located at 11150 SE Federal Hwy 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: Commercial plaza, duplex, detached garage, and additional land included; Directly on US‑1/SE Federal Highway; General Commercial Future Land Use within the Hobe Sound CRA
