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    Hillside Cir Hobe Sound, FL 33455

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    Hillside Cir Hobe Sound, FL 33455

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    • Mixed-use properties
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    Property Details for 0 Hillside Cir

    Property type
    Mixed-use properties

    Description

    This exceptional investment opportunity encompasses thirteen parcels of land totaling $2,975,000, strategically located along Hillside Circle and Dixie Highway in Hobe Sound, Florida (zip code 33455). The property presents a unique blend of zoning and development potential. Three parcels situated on the southern end, bordering Dixie Highway, are zoned for single-family residential use and are permit-ready, boasting existing paved roads and sidewalks. These three parcels are individually priced at $450,000 each. The remaining ten parcels are designated for mixed-use development and are available for construction following the necessary permitting process. These parcels are priced at $162,500 each. The versatile zoning allows for a variety of development options, including commercial ventures, work-live spaces, multi-family residences, or single-family homes. This prime location offers unparalleled convenience, with close proximity to the beach, a diverse array of restaurants, shops, coffee houses, legal offices, marinas, and the renowned Jonathan Dickinson State Park. Furthermore, easy access to Jupiter and Tequesta enhances its appeal. This presents a remarkable chance to participate in the vibrant growth of Hobe Sound. The property's address is 0 SE Hillside Circle.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hobe Sound
    County
    Martin
    State
    Florida
    Longitude
    -80.1233
    Latitude
    27.0535

    Comparable in this City

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      240.00 Acres

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    • Value Estimation
      $1,015,000
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      8775 Federal Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 5,680 SF
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    • Value Estimation
      $2,245,000
      5,220 SF

      11810 Dixie Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 5,220 SF
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      View Details
    • Value Estimation
      $520,000
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      12195 Federal Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 3,232 SF
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    • Value Estimation
      $835,000
      4,488 SF

      11766 Dixie Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 4,488 SF
      11766 Dixie Hwy, Hobe Sound, FL 33455-5457
      View Details
    • Value Estimation
      $1,065,000
      6,116 SF

      11150 Federal Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 6,116 SF
      11150 Federal Hwy, Hobe Sound, FL 33455-5119
      View Details

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    Hillside Cir
    Hobe Sound, FL 33455
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    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
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