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

    4392 NE Ocean Blvd Jensen Beach, FL 34957

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

    Retail center with high visibility and strong co-tenancy.

    Type:Retail, Office
    Added:
    Aug 1, 2022
    Days on Market:
    1372
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 4392 NE Ocean Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 4392 NE Ocean Blvd Contact us

    Unit 4376 $21 /Mo

    Size
    1,890 SF
    Type
    Retail, Office
    Contact us

    Unit 4328 $21 /Mo

    Size
    1,890 SF
    Type
    Retail, Office
    Contact us

    Unit 4368 $21 /Mo

    Size
    945 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Reid Armor
    Reid Armor

    Listing agent Reid Armor License #FL SL3328981

    Listing office NAI Southcoast

    Listing date Aug 1, 2022

    Source Crexi

    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 NAI Southcoast

    Overview

    High-Traffic Retail Center Near Beach

    Island Shoppes is a commercially zoned retail center situated just north of NE Causeway and Hwy A1A, directly across from Jensen Beach Park and near the Hutchinson Shores Resort. The property benefits from a left-turn lane for convenient access. Anchored by CVS Pharmacy, the center includes co-tenants such as Subway, Breeza Beachwear, and Casa Italiano. The location offers visibility, ample parking, and year-round foot traffic from locals and tourists, making it suitable for retail, dining, or service-based businesses.
    Location Intelligence

    Current Use by Public Records

    Breeza Beachwear Swimwear Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Skin Care Clinic

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

    Similar Places Nearby

    • Hutchinson Island Shops — 11023 S Ocean Dr, Jensen Beach, FL 34957
    • Coin Cloud Bitcoin ATM — A1A, 10975 S Ocean Dr, Jensen Beach, FL 34957

    Location Insight

    • Map
    • Local Demand
    City
    Jensen Beach
    County
    Martin
    State
    Florida
    Longitude
    -80.1988451
    Latitude
    27.2565798

    Nearby Similar for Lease

    • $3,033/Mo

      Secured Storage with Private Bath

      Gated storage unit with bath, shower, and mezzanine.
      861 NE Industrial Boulevard, Jensen Beach, FL 34957
      View Details
    • $1,700/Mo

      Waterfront RV Lot in Jensen Beach

      RV lot with intracoastal views and community amenities.
      10701 S Ocean Drive, Jensen Beach, FL 34957
      View Details
    • $1,200/Mo

      Waterfront RV Lot in Jensen

      Paved RV lot with dock access in Windmill Village.
      10851 S Ocean Drive, Jensen Beach, FL 34957
      View Details
    • $21 SF/Yr

      High-Traffic Retail Center Near Beach

      Commercially zoned retail center with high visibility and ample parking.
      4392 NE Ocean Blvd, Jensen Beach, FL 34957
      View Details
    • Contact for pricing

      Secured Storage with Private Bath

      Gated storage unit with private bath, shower, and mezzanine.
      861 NE Industrial Blvd 13, Jensen Beach, FL 34957
      View Details
    • $35 SF/Yr

      Jensen Beach Retail Space Available

      Prime retail space in a high-traffic Jensen Beach plaza.
      3300 Northeast Indian River Drive, Jensen Beach, FL 34957
      View Details
    • $28 SF/Yr

      Retail Space in Hutchinson Island

      1,117 SF retail unit in Jensen Beach plaza.
      11023 South Ocean Drive, Jensen Beach, FL 34957
      View Details
    • $15 SF/Yr

      Jensen Beach Industrial/Warehouse Spaces

      Multiple warehouse and office spaces available for lease in Jensen Beach.
      657 NE Dixie Hwy, Jensen Beach, FL 34957
      View Details
    • $10 SF/Yr

      Jensen Beach Retail Space Available

      Retail property for rent on Jensen Beach Boulevard.
      829-899 NE Jensen Beach Boulevard, Jensen Beach, FL 34957
      View Details
    • Contact for pricing

      Retail Space on Jensen Beach

      Retail space with high ceilings and immediate availability.
      1119 NE Jensen Beach Boulevard, Jensen Beach, FL
      View Details
    • Contact for pricing

      Retail, Restaurant, Medical Space Available

      Premier development site at Goldenrod Rd & US-1.
      US-1 & Goldenrod Rod, Jensen Beach, FL 34957
      View Details
    • Contact for pricing

      Retail Space in Jensen Beach

      Commercial unit for lease in Hutchinson Island Shops.
      11023 S Ocean Dr, Jensen Beach, FL 34957
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center with high visibility and strong co-tenancy.
    Where is this shopping center located?
    The property is located at 4392 NE Ocean Blvd Jensen Beach, FL.
    What are key features of this property?
    This property features: High‑traffic location directly across from Jensen Beach Park and near Hutchinson Shores Resort.; Anchored by CVS Pharmacy with strong co‑tenancy (Subway, Breeza Beachwear, Casa Italiano).; Excellent visibility and ample parking.
    (773) 631-4248 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Reid Armor
    Reid Armor
    Real Estate License ID: FL SL3328981
    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

    Thank You for Inquiry

    4392 NE Ocean Blvd, Jensen Beach, FL 34957

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!