Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1989 Jensen Beach Blvd Jensen Beach, FL 34957
    Back to Search
    Property profile & analytics

    1989 Jensen Beach Blvd Jensen Beach, FL 34957

    View on Map
    • Commercial real estate
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chris Martini Bar & Restaurant / Bar & Pub
    • Cork'd Wine Bar and Lounge / Bar & Pub
    • Cork'd / Bar & Pub

    Property Details for 1989 Jensen Beach Blvd

    Property type
    Commercial real estate

    Description

    This exceptional opportunity presents a fully built-out, Class A martini bar for sale in the heart of Downtown Jensen Beach, Florida. Asking $699,000, this single-story establishment underwent a complete renovation in 2024, boasting exquisite high-end finishes and a well-equipped commercial kitchenette. The inviting storefront is perfectly situated in a prime, walkable location surrounded by popular restaurants, boutiques, and other bars, creating a vibrant atmosphere. This turnkey business includes an SRX Liquor License, all glassware, interior fixtures, stylish bar furniture, and a substantial inventory of beer, wine, and spirits. Conveniently located on a major thoroughfare connecting three counties, this property enjoys high visibility and accessibility for both locals and tourists. The APN is 22-37-41-017-000-00020-7. This multi-tenancy property offers a rare chance to acquire a thriving business with significant upside potential in a desirable Florida location. The address is 1989 NE Jensen Beach Blvd, Jensen Beach, FL 34957.

    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
    -80.226
    Latitude
    27.2444

    Comparable in this City

    • Value Estimation by Request
      2,016 SF

      2425 Letitia St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,016 SF
      2425 Letitia St, Jensen Beach, FL 34957-5901
      View Details
    • 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
      2,260 SF

      2426 Letitia St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,260 SF
      2426 Letitia St, Jensen Beach, FL 34957-5902
      View Details
    • Value Estimation
      $2,905,000
      7,490 SF

      9815 Ocean Dr

      STORE/OFFICE (MIXED USE) • 7,490 SF
      9815 Ocean Dr, Jensen Beach, FL 34957-2363
      View Details
    • Value Estimation by Request

      2575 Palm Ave

      Multifamily properties
      2575 Palm Ave, Jensen Beach, FL 34957
      View Details
    • Value Estimation
      $730,000
      1,698 SF

      2440 Indian Riv Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,698 SF
      2440 Indian Riv Dr, Jensen Beach, FL 34957-5204
      View Details

    Similar Nearby for Sale

    • $899,900
      0.32 Acres

      Income Property Near Jensen Beach

      Income-producing property with 6 rentable units near Downtown Jensen Beach.
      2172 NE Poinciana Ter, 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
    • Contact for pricing
      6,548 SF

      Jensen Beach Restaurant Investment Opportunity

      Stand-alone restaurant building with a long-term lease in place.
      4050 NW Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $1,195,000
      0.28 Acres

      Vacant Lot in Pelican Pointe

      Vacant lot with deeded boat slip in Jensen Beach.
      7671 Pelican Pointe Dr, Jensen Beach, FL 34957
      View Details
    • $295,000
      0.05 Acres

      Waterfront Land in Jensen Beach

      Canal-front lot in Venture Out community with seawall.
      10701 S Ocean Dr, Jensen Beach, FL 34957
      View Details
    • $3,000,000

      Medical and Community Service Center

      Fully leased center with stable tenants and future rent growth.
      3405 NW Federal Hwy, Jensen Beach, FL 34957
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Functional Industrial Flex Space

      Versatile 4,200 SF warehouse with office and yard space.
      1265 NE Savannah Rd, Jensen Beach, FL 34957
      View Details
    • $35 SF/Yr
      23,665 SF

      Jensen Beach Retail Space Available

      Prime retail space in a high-traffic Jensen Beach plaza.
      3300 Northeast Indian River Dr, Jensen Beach, FL 34957
      View Details
    • Contact for pricing
      43,511 SF

      Retail Center in Martin County

      Retail space in a power center near Treasure Coast Mall.
      3001-3101 NW Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $12 SF/Yr
      9,275 SF

      Jensen Beach Industrial Flex Space

      Multiple warehouse/flex units available. New ownership, renovations underway.
      895 Dixie Hwy Jensen Bch, Jensen Beach, FL 34957
      View Details
    • Contact for pricing

      Retail Space in Ocean Breeze

      Retail space for lease anchored by Publix.
      1780 NE Jensen Beach Blvd, 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.
    1989 Jensen Beach Blvd
    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

    Thank You for Inquiry
    1989 Jensen Beach 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!