Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    3359 Main Ave Jensen Beach, FL 34957

    • Retail properties
    • 2.13 lot acres
    For Sale
    View listing
    $199,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Downtown Benny's Pizza / Pizza Restaurant / Delivery Service

    Property Details for 3359 Main Ave

    Year built
    2005
    Lot size
    2.13 lot acres
    Property type
    Retail properties
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jensen Beach
    County
    Martin
    State
    Florida
    Longitude
    -80.2692
    Latitude
    27.2462

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      Great Location Low Rent Burger Restaurant For Sale In Jensen Bch

      Restaurants • 1,200 SF
      Great Location Low Rent Burger Restaurant For Sale In Jensen Bch, Jensen Beach, FL 34957
      View Details
    • Value Estimation by Request
      2,550 SF

      1830 Jensen Beach Blvd

      Restaurants • 2,550 SF
      1830 Jensen Beach Blvd, Jensen Beach, FL 34957
      View Details
    • Value Estimation by Request
      2,396 SF

      Indian River Dr

      Restaurants • 2,396 SF
      0 Indian River Dr, Fort Pierce, FL 34957
      View Details
    • Value Estimation by Request
      175,000 SF

      US-1 & Goldenrod Rod

      Neighborhood centers • 175,000 SF
      US-1 & Goldenrod Rod, Jensen Beach, FL 34957
      View Details
    • Value Estimation by Request

      3221 Federal Hwy

      Restaurants
      3221 Federal Hwy, Jensen Beach, FL 34957
      View Details
    • Value Estimation by Request
      32,045 SF

      4392 Ocean Blvd

      Restaurants • 32,045 SF
      4392 Ocean Blvd, Jensen Beach, FL 34957
      View Details

    Similar Nearby for Sale

    • $199,000
      2.13 Acres

      3359 Main Ave

      Restaurants • 2.13 Acres
      3359 Main Ave, Jensen Beach, FL 34957
      View Details
    • $1,500,000
      2,396 SF

      Prime Waterfront Restaurant & Land

      Jensen Beach eatery, 2396 sq ft, great potential.
      0 Indian River Dr, Fort Pierce, FL 34957
      View Details
    • $2,100,000
      6,548 SF

      Jensen Beach Restaurant - Net Lease

      High-return restaurant investment, Florida.
      4050 Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $875,000

      Iconic Restaurant Buildings For Sale

      Two connected restaurant units in downtown Jensen Beach.
      3220 And 7, Jensen Beach, FL 34957
      View Details
    • $1,289,000
      3,300 SF

      Restaurant Opportunity in Jensen Beach

      Turnkey restaurant building in vibrant downtown Jensen Beach.
      3200 NE Maple Ave, Jensen Beach, FL 34957
      View Details
    • $1,500,000

      Waterfront Restaurant and Land Lots

      Established restaurant with land in Jensen Beach, Florida.
      NE Indian River Dr, Jensen Beach, FL 34957
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      32,045 SF

      Island Shoppes Retail Center

      Jensen Beach retail spaces available
      4392 Ocean Blvd, Jensen Beach, FL 34957
      View Details
    • Contact for pricing
      175,000 SF

      Prime Jensen Beach Medical Office Space

      175,000 SF Multi-Tenant Medical Building
      US-1 & Goldenrod Rod, Jensen Beach, FL 34957
      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
    • $10 SF/Yr
      29,600 SF

      Jensen Beach Retail Space Available

      Retail property for rent on Jensen Beach Boulevard.
      829-899 NE Jensen Beach Blvd, Jensen Beach, FL 34957
      View Details
    • Contact for pricing
      96,192 SF

      Ocean Breeze Plaza Retail Space

      Prime Jensen Beach retail, multiple suites available.
      1780 Jensen Beach Blvd, Jensen Beach, FL 34957
      View Details
    • Contact for pricing
      109,326 SF

      Jensen Beach Retail Center

      Prime Retail Space Available, 7,277 SF
      4163 Federal Hwy, Jensen Beach, FL 34957
      View Details
    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.
    3359 Main Ave
    Jensen Beach, FL 34957
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.