Two-Story Mixed-Use Corner
For Sale
Contact for pricing
1893 NE Jensen Beach Blvd, Jensen Beach, FL 34957
Two-story mixed-use building on a downtown corner with 9,140 SF total area.
Property Size9,140 SF
Price / SF$470.46
Days on Market239
Property Features for 1893 NE Jensen Beach Blvd
General Information
Standard status
Active
Size
9,140 SF
Property subtype
RETAIL
Building Details
Stories
2
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Mathew Crady · License #3319900
(772) 260-1655
Source:
Moodyscre
Added: Jan 14
Changed: Aug 10
Last Checked: Sep 9 at 4:19PM
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.
Investment Insights
Based on property information with market context.
For sale, 1893 NE Jensen Beach Blvd is a two-story mixed-use commercial building totaling 9,140 SF. The property is positioned at the corner of NE Jensen Beach Blvd and NE Pineapple Avenue in downtown Jensen Beach, offering a prominent street-facing presence for retail and mixed-use uses.
The building’s configuration supports a mixed-use setup across two levels, providing flexibility for prospective ownership and tenant occupancy. This is an opportunity to acquire a larger corner asset in a concentrated downtown setting.
The building’s configuration supports a mixed-use setup across two levels, providing flexibility for prospective ownership and tenant occupancy. This is an opportunity to acquire a larger corner asset in a concentrated downtown setting.
Key Highlights
- Two‑story mixed‑use building totaling 9,140 SF
- Located on a high‑visibility downtown corner at NE Jensen Beach Blvd and NE Pineapple Avenue
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
$168,082
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
3.91%
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%
$3,361,640
$3.4M
Cap Rate 7%
$2,401,171
$2.4M
Cap Rate 9%
$1,867,578
$1.9M
Market Conditions
NOI Build-Up for 9,140 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
$246.8K $27.00/SF
− Vacancy
−$6.7K −$0.73/SF
EGI
$240.1K $26.27/SF
− OpEx
−$72.0K −$7.88/SF
NOI
$168.1K $18.39/SF
Area
Martin County, FL
Vacancy
2.70%
Lease Rate
$27.00 /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%
$3,361,640
Cap Rate 7%
$2,401,171
Cap Rate 9%
$1,867,578
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $168,082 @ 7.0% cap · market cap 3.91%
Second Best
Mixed Use
$1.76M
$1.54M – $2.06M
NOI $123,390 @ 7.0% cap · market cap 2.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Dining 38%
Shops & Services 8%
Home Improvements & Furnishings 2%
Publix
Groceries
31,717 visits/mo
0.3 miles
Wendy's
Dining
11,359 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,878 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,171 visits/mo
0.5 miles
Cinco De Mayo
Dining
3,136 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use building on a downtown corner with 9,140 SF total area.
Where is this mixed-use property located?
The property is located at 1893 NE Jensen Beach Blvd Jensen Beach, FL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Two‑story mixed‑use building totaling 9,140 SF; Located on a high‑visibility downtown corner at NE Jensen Beach Blvd and NE Pineapple Avenue
