Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1959 NE Jensen Beach Blvd Jensen Beach, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Inline retail space in a high-traffic Jensen Beach plaza.

    Type:OFFICE
    Property size:
    1,682 SF
    Lot size:
    1.21 Acres
    Price / SF:
    $8,917/SF
    Added:
    Aug 25, 2023
    Days on Market:
    980
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 1959 NE Jensen Beach Blvd

    General Information

    Standard status
    Active
    Size
    1,682 SF
    Lot size
    1.21 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Chris Belland
    Chris Belland

    Listing agent Chris Belland License #SL3473053

    Listing office Jeremiah Baron & Co.

    Listing date Aug 25, 2023

    Source Moodyscre

    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.

    Overview

    Prime Retail Space in Jensen

    This inline retail space, encompassing approximately 1,682 square feet, is situated in a well-established plaza at the corner of NE Indian River Drive and NE Jensen Beach Boulevard in Jensen Beach. The property benefits from strong visibility and consistent local traffic, supported by traffic counts of 17,600 vehicles per day along Jensen Beach Boulevard and 7,500 along Indian River Drive. Ample off-street parking is available. The plaza is surrounded by popular local businesses and is located steps from downtown Jensen Beach, benefiting from consistent foot traffic throughout the year. Seasonal and weekly events, including A Taste of Jensen in December and Jammin’ Jensen every Thursday night, attract visitors to the area. This space is suitable for a retail, boutique, or service-oriented tenant looking to join a thriving coastal community and tap into the energy of one of Martin County’s most active destinations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Welcome Home Realty ... Real Estate Agency Jensen Beach FL ... Real Estate Agency Todd Doss Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jensen Beach
    County
    Martin
    State
    Florida
    Longitude
    -80.2261
    Latitude
    27.2444

    Nearby Similar for Sale

    • $3,000,000

      Medical Office Investment Opportunity

      Fully leased medical center with income and growth potential.
      3405 NW Federal Highway, Jensen Beach, FL 34957
      View Details
    • $899,900

      Income Property Near Jensen Beach

      Income-producing property with six rentable units near Downtown Jensen Beach.
      2172 NE Poinciana Terrace, Jensen Beach, FL 34957
      View Details
    • $20,000
      3,603 SF

      Furnished Inn Business Opportunity

      Turnkey furnished inn with five guest rooms for rent.
      3350 NE Indian River Drive, Jensen Beach, FL 34957
      View Details
    • $899,900

      Income Property Near Jensen Beach

      Income-producing property with 6 rentable units near Downtown Jensen Beach.
      2172 NE Poinciana Terrace, Jensen Beach, FL 34957
      View Details
    • $899,900

      Income Property Near Jensen Beach

      Income-producing property with 6 rentable units near Downtown Jensen Beach.
      2172 NE Poinciana Terrace, Jensen Beach, FL 34957
      View Details
    • $158,000

      Corner RV Lot in Holiday Out

      Spacious corner RV lot with private beach access and amenities.
      10725 S Ocean Drive, Jensen Beach, FL 34957
      View Details
    • $220,000

      Corner RV Lot Near Beach

      RV lot in gated community near the beach.
      769 Nettles Boulevard, Jensen Beach, FL 34957
      View Details
    • $3,000,000

      Medical and Community Service Center

      Fully leased center with stable tenants and future rent growth.
      3405 NW Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $1,345,000
      1,083 SF

      Commercial Building on Federal Highway

      Highly visible commercial building ideal for automotive, retail, or professional services.
      2095 NW Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $165,900

      Jensen Beach RV Lot

      RV lot near the beach with reinforced concrete pad.
      10725 S Ocean Drive, Jensen Beach, FL 34957
      View Details
    • $3,600,000
      14,152 SF

      Prime Commercial Corridor Location

      Well-maintained building in high-traffic area, ideal for investment.
      3403 Northwest Federal Highway, Jensen Beach, FL 34957
      View Details
    • $469,000

      Premium Storage Unit For Sale

      Secure, air-conditioned storage unit for RVs, boats, and cars.
      861 NE Industrial Boulevard, Jensen Beach, FL 34957
      View Details

    FAQs

    What type of property is this?
    Retail space - Inline retail space in a high-traffic Jensen Beach plaza.
    Where is this retail space located?
    The property is located at 1959 NE Jensen Beach Blvd Jensen Beach, FL.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: Prime location at the corner of NE Indian River Drive and NE Jensen Beach Boulevard.; High visibility with 17,600 vehicles per day on Jensen Beach Boulevard.; Ample off‑street parking for customers and staff.
    (772) 286-5744 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Belland
    Chris Belland
    Real Estate License ID: SL3473053
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!