Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3321 NE Indian River Dr Jensen Beach, FL 34957

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $20,500,000

    Dry stack marina in Jensen Beach, Florida with expansion potential.

    Property size:
    36,252 SF

    Property Features for 3321 NE Indian River Dr

    General Information

    Size
    36,252 SF

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    David Kendall, Ccim
    Source: Svn

    Listing Agent: David Kendall, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Sundance Marina Jensen Beach

    Sundance Marina Jensen Beach is a dry stack marina located in Jensen Beach, Florida. Developed in 1987, it has served as a dry storage marina and boat sales operation for Stuart and Martin County. Situated less than 6 miles from St. Lucie Inlet with no bridges and no speed restrictions, it provides access to offshore waters. The marina is located on 4.2 acres and is currently racked to store 167 vessels up to 30' LOA. Outside racks and lift slips can store larger vessels, bringing the total current slip count to 270. Located along the shores of the Treasure Coast and included in the Port St. Lucie MSA, Martin County offers a combination of modern amenities and old Florida charm. Encompassing 753 square miles, it is home to lagoon ecosystems, comprised of the Indian River, St. Lucie Inlet, and Atlantic Ocean. The building height is 40 feet for enhanced storage capabilities. There is significant growth and expansion potential. The property has over $2 million in potential storage income and over $3 million in total gross income. It accommodates vessels up to 29 - 45 feet L.O.A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Seadog Marine Services ... Boat Repair Shop Outdoor Cover Warehouse Boat Cover Supplier SunDance Marine - Stuart ... Boat Rental Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jensen Beach
    County
    Martin
    State
    Florida
    Longitude
    -80.2245535
    Latitude
    27.245465

    Nearby Similar for Sale

    • New
      $219,900
      0.05 Acres

      Nettles Island RV Lot

      Oversized RV lot in Nettles Island, steps from the beach.
      2105 Nettles Blvd, Jensen Beach, FL 34957
      View Details
    • $193,700
      0.05 Acres

      Corner Lot in Nettles Island

      Lush corner lot near the beach in Nettles Island.
      173 Nettles Blvd, Jensen Beach, FL 34957
      View Details
    • New
      $229,000
      0.04 Acres

      RV Lot in Nettles Island

      Pavered RV lot in Nettles Island with rental potential.
      462 Nettles Blvd, Jensen Beach, FL 34957
      View Details
    • $169,900
      0.04 Acres

      RV Lot Near Beach

      RV lot near the beach with reinforced concrete pad.
      10725 S Ocean Dr, Jensen Beach, FL 34957
      View Details
    • $169,900
      0.04 Acres

      RV Lot Near Atlantic Ocean

      Private RV lot in Holiday Out community, steps from the beach.
      10725 S Ocean Dr, Jensen Beach, FL 34957
      View Details
    • $499,000

      Premium Storage Unit in Jensen

      Secure, air-conditioned storage unit for RVs, boats, and cars.
      861 NE Industrial Blvd, Jensen Beach, FL 34957
      View Details
    • $170,900
      0.05 Acres

      RV Lot Near Atlantic Ocean

      RV lot in Holiday Out community near the Atlantic Ocean.
      10725 S Ocean Dr, Jensen Beach, FL 34957
      View Details
    • $4,000,000
      2.94 Acres

      Jensen Beach Investment Opportunity

      Fully leased medical and community service property with value-add potential.
      3405 NW Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $210,000
      Pending

      Waterfront RV Lot in Paradise

      Waterfront RV lot with amenities and private beach access.
      10701 S Ocean Dr, Jensen Beach, FL 34957
      View Details
    • $294,000
      Pending

      Waterfront RV Lot in Jensen Beach

      Waterfront RV lot with beach access and community amenities.
      10701 S Ocean Dr, Jensen Beach, FL 34957
      View Details
    • $475,000

      Versatile Commercial Condo AutoVault

      1,307 SF AutoVault perfect for storage or business.
      1225 NE Savannah Rd, Jensen Beach, FL 34957
      View Details
    • $899,900
      0.32 Acres

      Income Property Near Jensen Beach

      Income-producing property with 6 rentable units near Downtown Jensen Beach.
      2172 NE Poinciana Ter, Jensen Beach, FL 34957
      View Details

    FAQs

    What type of property is this?
    Marina - Dry stack marina in Jensen Beach, Florida with expansion potential.
    Where is this marina located?
    The property is located at 3321 NE Indian River Dr Jensen Beach, FL.
    What is the asking price?
    The asking price for this property is $20,500,000.
    What are key features of this property?
    This property features: - Premier dry stack marina in a prime Florida location with quick, bridge-free access to St. Lucie Inlet and the Atlantic Ocean.; - Significant growth and expansion potential with attractive investment returns.; - Projected stabilized revenue includes over $2 million in potential storage income and over $3 million in total gross income.
    (561) 723-8463
    Request Owner's contact information
    3321 NE Indian River Dr Jensen Beach, FL 34957
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3321 NE Indian River Dr
    Jensen Beach, FL 34957
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3321 NE Indian River Dr Jensen Beach, FL 34957
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Kendall, Ccim
    (561) 723-8463
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.