Office Suites with Private
For Sale
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11450 SE Dixie Highway, Hobe Sound, FL 33455
The multi-tenant office property offers private restrooms and shared conference room access.
Property Size25,826 SF
Price / SF$0.09
Days on Market236
Property Features for 11450 SE Dixie Highway
General Information
Standard status
Active
Size
25,826 SF
Class
Class A
Property subtype
Office
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$42,996
Amenities
private restrooms
covered parking
24 hour access
onsite management
conference room
Building Details
Building Size
25,826 SF
Year Built
2003
Tenancy
Multi
Listing Agency:
Illustrated Properties
Listed By:
Samantha Saucedo · License #3305395
(863) 801-2101
Source:
Rennyrealty
Added: Mar 11
Changed: Oct 31
Last Checked: Oct 31 at 3:08AM
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 Illustrated Properties
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Investment Insights
Based on property information with market context.
Three office suites are available at Hobe Sound Office Plaza: Suite 108 on the first floor measures 484 square feet, Suite 206 on the second floor measures 707 square feet, and Suite 204B measures 327 square feet. The building was constructed in 2003 and has private restrooms. Occupants have access to the property around the clock, onsite management support, and two hours of conference room use per month.
Covered parking may be arranged subject to terms and availability. The property is on SE Dixie Highway in Hobe Sound, near Bridge Road and Jupiter Island.
Covered parking may be arranged subject to terms and availability. The property is on SE Dixie Highway in Hobe Sound, near Bridge Road and Jupiter Island.
Key Highlights
- Three available suites: 484 square feet, 707 square feet, and 327 square feet
- Suite 108 is on the first floor; Suite 206 is on the second floor
- Private restrooms in the office property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$326,337
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,526,740
$6.5M
Cap Rate 7%
$4,661,957
$4.7M
Cap Rate 9%
$3,625,967
$3.6M
Market Conditions
NOI Build-Up for 25,826 SF
Gross rent
$557.8K $21.60/SF
− Vacancy
−$122.7K −$4.75/SF
EGI
$435.1K $16.85/SF
− OpEx
−$108.8K −$4.21/SF
NOI
$326.3K $12.64/SF
Area
Martin County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,526,740
Cap Rate 7%
$4,661,957
Cap Rate 9%
$3,625,967
Alternative Uses
Best Use
Office B
$4.66M
$4.08M – $5.44M
NOI $326,337 @ 7.0% cap · market cap 13,390.93%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$6.78M
$5.94M – $7.92M
NOI $474,932 @ 7.0% cap · market cap 19,488.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
673
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The multi-tenant office property offers private restrooms and shared conference room access.
Where is this office unit located?
The property is located at 11450 SE Dixie Highway Hobe Sound, FL.
What are key features of this property?
This property features: Three available suites: 484 square feet, 707 square feet, and 327 square feet; Suite 108 is on the first floor; Suite 206 is on the second floor; Private restrooms in the office property
