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    3472 Savannah Rd Jensen Beach, FL 34957

    • Retail space
    • 4,000 SF
    • 0.55 lot acres
    For Lease
    View listing
    $66 SF/Yr
    Last Sale
    Oct 18, 2021
    $625,000
    Value Estimations
    $735,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0700989
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Unity Church In Jensen Beach / Church
    • MILLENNIUM A/C SERVICE / Air Conditioning Contractor
    • Pineapple Chalet Executive Office Suites and Meeting Space / Office Space Rental Agency
    • Exit Realty Treasure Coast / Real Estate Agency
    • Seabreeze Painting Company / Painter

    Property Details for 3472 Savannah Rd

    Year built
    1984
    Lot size
    0.55 lot acres
    Property size
    4,000 SF
    Property type
    Retail space
    APN
    22-37-41-021-000-00290-4
    APU
    223741021000002904

    Description

    This exceptional Jensen Beach, Florida property, located at 3472 NE Savannah Rd, zip code 34957, offers 4,000 square feet of prime office space ideal for startups and small businesses. The two-story building, constructed in 1984 and renovated in 2006, features a mix of executive office suites and coworking spaces, perfect for various business needs. The property is zoned B-1 and situated in Martin County, providing convenient access to Jensen Beach Blvd. Multiple tenancy options are available, with leases starting at a minimum of one year, and shorter-term options potentially negotiable. The building boasts a range of amenities, including access to meeting rooms (available at an additional fee). This location provides a productive and well-maintained workspace in a desirable location. The property's convenient location and flexible lease terms make it an attractive option for companies of all sizes seeking a professional and efficient work environment. This is a single building opportunity in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $725,000
      ML approach
      $785,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $710,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,007,000
      Market price range: $570k - $1.60M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jensen Beach
    County
    Martin
    State
    Florida
    Longitude
    -80.236
    Latitude
    27.2457
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,820
    $199,920
    $331,970
    $531,890
    -
    $199,920
    $331,970
    $531,890

    Comparable in this City

    • Value Estimation
      $185,000
      1,620 SF

      654 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,620 SF
      654 Dixie Hwy, Jensen Beach, FL 34957-6157
      View Details
    • Value Estimation
      $700,000
      14,335 SF

      3548 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 14,335 SF
      3548 Federal Hwy, Jensen Beach, FL 34957-4406
      View Details
    • Value Estimation
      $595,000
      10,465 SF

      2960 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 10,465 SF
      2960 Federal Hwy, Jensen Beach, FL 34957-4444
      View Details
    • Value Estimation
      $11,500,000
      44,540 SF

      3550 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 44,540 SF
      3550 Federal Hwy, Jensen Beach, FL 34957-4406
      View Details
    • Value Estimation
      $10,105,000
      5,695 SF

      2210 Indian Riv Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,695 SF
      2210 Indian Riv Dr, Jensen Beach, FL 34957
      View Details
    • Value Estimation
      $310,000
      2,016 SF

      897 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,016 SF
      897 Dixie Hwy, Jensen Beach, FL 34957-6170
      View Details

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    Similar Nearby for Lease

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      1,682 SF

      Prime Retail Space in Jensen

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    • $6,600 /Mo

      Jensen Beach Flex/Retail/Office Spaces

      Flex, retail, and office spaces available for lease in Jensen Beach.
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      Jensen Beach Retail Space Available

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      Retail Space in Hutchinson Island

      1,117 SF retail unit in Jensen Beach plaza.
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      View Details
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    3472 Savannah Rd
    Jensen Beach, FL 34957
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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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