Waterfront Industrial Workshop
For Sale
$3,895,000
1530 Dixie Highway, Jensen Beach, FL 34957
Gated riverfront property with ocean-access frontage, deep-water dockage, and three buildings including a 5-bay workshop.
Property Size10,390 SF
Lot Size1.80 Acres
Price / SF$374.88
Days on Market725
Property Features for 1530 Dixie Highway
General Information
Standard status
Active
Size
10,390 SF
Lot size
1.80 Acres
Property subtype
Mixed Use
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
11
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$47,059
Amenities
private deep-water dock
boat lift
screened lanai
sun deck
gated property
Electric, Ceiling Fan(s)
3
Water Access.
Ocean Access.
Building Details
Year Built
2003
Listing Agency:
RE/MAX of Stuart
(772) 288-1111
Listed By:
Glenn Schmidt · License #3077155
(772) 486-3900
Source:
Xome
Added: Sep 13, 2024
Changed: Sep 1
Last Checked: Sep 6 at 5:08AM
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 RE/MAX of Stuart
Investment Insights
Based on property information with market context.
Live, Work & Play on this gated riverfront property in Jensen Beach offering 170 feet of ocean-access waterfront with dockage for multiple vessels. The estate includes three buildings totaling 10,390 SF across a waterfront residence, a guest house with a caretaker’s apartment/garage, and a commercial workshop.
The waterfront residence offers 4,024 SF with three bedrooms, 2.5 baths, a three-car garage, insulated windows and sliders, and multiple patios designed for wide river views. Dock features include a private deep-water dock and a 16,000 lb. boat lift, with pilings for yachts.
The guest house, garage, and caretaker’s apartment total 3,924 SF and include three bedrooms (possible fourth), 3.5 baths, a massive garage with six bay doors, a screened lanai, sun deck, laundry, and a chef’s kitchen. The commercial workshop totals 2,442 SF with 16-foot ceilings, office/showroom space, a restroom, and a five-bay garage.
The waterfront residence offers 4,024 SF with three bedrooms, 2.5 baths, a three-car garage, insulated windows and sliders, and multiple patios designed for wide river views. Dock features include a private deep-water dock and a 16,000 lb. boat lift, with pilings for yachts.
The guest house, garage, and caretaker’s apartment total 3,924 SF and include three bedrooms (possible fourth), 3.5 baths, a massive garage with six bay doors, a screened lanai, sun deck, laundry, and a chef’s kitchen. The commercial workshop totals 2,442 SF with 16-foot ceilings, office/showroom space, a restroom, and a five-bay garage.
Key Highlights
- Gated 1.8‑acre riverfront property with ocean‑access waterfront and dockage for multiple vessels, including deep‑water dock and 16,000 lb boat lift
- 170 feet of ocean‑access waterfront with yacht pilings and insulated windows and sliders
- Waterfront residence totals 4,024 SF with 3 bedrooms, 2.5 baths, and a three‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$138,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,768,260
$2.8M
Cap Rate 7%
$1,977,329
$2.0M
Cap Rate 9%
$1,537,922
$1.5M
Market Conditions
NOI Build-Up for 10,390 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$209.5K $20.16/SF
− Vacancy
−$11.7K −$1.13/SF
EGI
$197.7K $19.03/SF
− OpEx
−$59.3K −$5.71/SF
NOI
$138.4K $13.32/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,768,260
Cap Rate 7%
$1,977,329
Cap Rate 9%
$1,537,922
Alternative Uses
Best Use
Industrial
$1.98M
$1.73M – $2.31M
NOI $138,413 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.73M
$2.39M – $3.18M
NOI $191,069 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
11
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 34957, FL
22,955
Population
17,269
Households
1.3
Avg Household Size
59
Median Age
39%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
1,400
Density / Sq Mi
$65,658
Median Household Income
$41,973
Median Earnings
$1,518
Median Rent
$378,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Waterfront Land - Gated riverfront property with ocean-access frontage, deep-water dockage, and three buildings including a 5-bay workshop.
Where is this waterfront land located?
The property is located at 1530 Dixie Highway Jensen Beach, FL.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: Gated 1.8‑acre riverfront property with ocean‑access waterfront and dockage for multiple vessels, including deep‑water dock and 16,000 lb boat lift; 170 feet of ocean‑access waterfront with yacht pilings and insulated windows and sliders; Waterfront residence totals 4,024 SF with 3 bedrooms, 2.5 baths, and a three‑car garage
