Luxury Executive Office in
11700 SE Shell Ave, Hobe Sound, FL
For Sale
Contact for pricing
Luxury executive office building with covered parking and patio.
Property Size11,200 SF
Lot Size1.00 Acre
Price / SF$357.05
Days on Market565
Property Features for 11700 SE Shell Ave
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Chris Belland · License FL #3345950
(772) 418-4506
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Aug 8
Last Checked: Apr 11 at 5:34PM
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 Jeremiah Baron & Co.
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Investment Insights
Based on property information with market context.
The Auto Art Gallery is a luxury executive office building located in Hobe Sound. This office building features multiple private offices, collaborative workspaces, and two conference rooms. Elegantly designed waiting areas are also included. The building incorporates expansive picture windows and glass walls. An elevator provides access to all floors. Private covered parking is available. A covered patio spanning 1,600 square feet is located on the second floor. The property is located within minutes of beaches, local shops and boutiques, and access to US Highway 1 and A1A. The building has a total property size of 11,200 square feet.
Key Highlights
- Luxury executive office building with multiple private offices and collaborative workspaces.
- Prime location in Hobe Sound, minutes from beaches, shops, and major highways (US Highway 1 and A1A).
- Two state‑of‑the‑art conference rooms and elegantly designed waiting areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,312
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,306,240
$3.3M
Cap Rate 7%
$2,361,600
$2.4M
Cap Rate 9%
$1,836,800
$1.8M
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$268.8K $24.00/SF
− Vacancy
−$48.4K −$4.32/SF
EGI
$220.4K $19.68/SF
− OpEx
−$55.1K −$4.92/SF
NOI
$165.3K $14.76/SF
Area
Martin County, FL
Vacancy
18.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,306,240
Cap Rate 7%
$2,361,600
Cap Rate 9%
$1,836,800
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,312 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.22M
$2.82M – $3.75M
NOI $225,254 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Luxury executive office building with covered parking and patio.
Where is this office building located?
The property is located at 11700 SE Shell Ave Hobe Sound, FL.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Luxury executive office building with multiple private offices and collaborative workspaces.; Prime location in Hobe Sound, minutes from beaches, shops, and major highways (US Highway 1 and A1A).; Two state‑of‑the‑art conference rooms and elegantly designed waiting areas.
