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

    11700 SE Shell Avenue Hobe Sound, FL 33455

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,750,000

    Modern office building with versatile space and luxury amenities.

    Type:Commercial/Industrial
    Property size:
    11,200 SF
    Lot size:
    2.90 Acres
    Price / SF:
    $424/SF
    Added:
    Mar 11, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 6 at 3:52 am

    Property Features for 11700 SE Shell Avenue

    General Information

    Standard status
    Active
    Size
    11,200 SF
    Lot size
    2.90 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Robert Hamman
    Robert Hamman

    Listing agent Robert Hamman License #3050644

    Listing office SVN Waterfront Commercial Realty

    Listing date Mar 11, 2026

    Source Exitrealty

    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 SVN Waterfront Commercial Realty

    Overview

    New Class A Office Building

    This new Class A office building offers 11,200 square feet of versatile space. The layout includes multiple private offices, collaborative workspaces, and an elegant waiting area. A state-of-the-art conference room is also featured. The second floor benefits from expansive windows that provide natural light. The property includes a kitchen, private covered parking, and a 1,600 square foot covered patio. Built to withstand a Category 5 hurricane, the building also features a comprehensive fire sprinkler system. A car lift provides access to the second floor. The building's generous ceiling heights on both levels make it suitable for an expansive car collection or recreation vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Angel Homes Construction Company

    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
    Hobe Sound
    County
    Martin
    State
    Florida
    Longitude
    -80.1278
    Latitude
    27.0597

    Nearby Similar for Sale

    • $8,500,000

      Jupiter Island Oceanfront Guest House

      Oceanfront guest house on Jupiter Island with main residence plans.
      31 N Beach Road, Jupiter Island, FL 33455
      View Details
    • $4,500,000
      6,000 SF

      Hobe Sound Commercial Property

      Versatile commercial property on 2.22 acres with warehouse-style buildings.
      9805 SE Federal Hwy, Hobe Sound, FL 33455
      View Details
    • $659,900

      Hobe Sound Professional Office Location

      Professional office space for medical, legal, or accounting practices.
      8220 SE Federal Highway, Hobe Sound, FL 33455
      View Details
    • $1,750,000

      Hobe Sound Office Space

      Office space near downtown Hobe Sound with customizable layout.
      12230 S Dixie Hwy, Hobe Sound, FL 33455
      View Details
    • $23
      5,795 SF

      Hobe Sound Retail/Office Space

      Prime retail or office space in Hobe Sound, Florida.
      11181 SE Federal Hwy, Hobe Sound, FL 33455
      View Details
    • $1,750,000

      Hobe Sound Office Space

      Office space near downtown Hobe Sound with customization options.
      12230 Southeast Dixie Highway, Hobe Sound, FL 33455
      View Details
    • $2,348,933
      9,002 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General with 9 years remaining on initial lease.
      8300 SE Constitution Blvd, Hobe Sound, FL
      View Details
    • $7,000,000
      29,624 SF

      Mixed-Use Development Opportunity

      Mixed-use development near downtown, completion late 2025.
      12230 Old SE Dixie Hwy, Hobe Sound, FL
      View Details

    FAQs

    What type of property is this?
    Office building - Modern office building with versatile space and luxury amenities.
    Where is this office building located?
    The property is located at 11700 SE Shell Avenue Hobe Sound, FL.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: Brand‑new Class "A" office building built in 2024 offering modern sophistication.; 11,200± SF of versatile space with multiple private offices, collaborative workspaces, elegant waiting area, and state‑of‑the‑art conference room.; Hurricane Category 5 construction and comprehensive fire sprinkler system for enhanced safety and security.
    (561) 346-2310
    We can help!
    Listing Contact
    Robert Hamman
    Robert Hamman
    Real Estate License ID: 3050644
    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!