Office Unit with Central
New
For Sale
Contact for pricing
11970 SE Dixie Highway #1, Hobe Sound, FL 33455
The suite includes central water and sewer service and a private restroom.
Property Size5,475 SF
Price / SF$0.42
Days on Market4
Property Features for 11970 SE Dixie Highway #1
General Information
Standard status
Active
Size
5,475 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Condition
Move-in Ready
Building Details
Year Built
1964
Listing Agency:
Illustrated Properties/Hobe So
(772) 546-5250
Listed By:
Michael A Dooley · License #0176803
(772) 204-4457
Source:
Lehmannflorida
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 1:30PM
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/Hobe So
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Investment Insights
Based on property information with market context.
This 1,100-square-foot office unit has 9-foot ceilings, central air, central water and sewer, parquet flooring, and one restroom. The space is in a building that also houses Sophia’s restaurant.
The property is at 11970 SE Dixie Hwy in Hobe Sound, Florida.
The property is at 11970 SE Dixie Hwy in Hobe Sound, Florida.
Key Highlights
- 1,100 sq. ft. office unit
- 9 ft ceilings
- Central air, water, and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,182
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,640
$1.4M
Cap Rate 7%
$988,314
$988.3K
Cap Rate 9%
$768,689
$768.7K
Market Conditions
NOI Build-Up for 5,475 SF
Gross rent
$118.3K $21.60/SF
− Vacancy
−$26.0K −$4.75/SF
EGI
$92.2K $16.85/SF
− OpEx
−$23.1K −$4.21/SF
NOI
$69.2K $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%
$1,383,640
Cap Rate 7%
$988,314
Cap Rate 9%
$768,689
Alternative Uses
Best Use
Office B
$988.3K
$864.8K – $1.15M
NOI $69,182 @ 7.0% cap · market cap 3,019.73%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,684 @ 7.0% cap · market cap 4,394.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
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 suite includes central water and sewer service and a private restroom.
Where is this office unit located?
The property is located at 11970 SE Dixie Highway #1 Hobe Sound, FL.
What are key features of this property?
This property features: 1,100 sq. ft. office unit; 9 ft ceilings; Central air, water, and sewer
