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    Property profile & analytics

    10867 Ocean Dr Jensen Beach, FL 34957-2679

    • Community centers
    • 8,100 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    $1,485,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4509638
    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

    • Nonna's / Restaurant

    Property Details for 10867 Ocean Dr

    Year built
    1984
    Construction
    CONCRETE BLOCKS
    Lot size
    0.93 lot acres
    Property size
    8,100 SF
    Zone code
    COMM GENRA
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    4511-809-0003-000-5
    APU
    451180900030005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,015,000
      6.5%
      $1,860,000
      7%
      $1,730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $931,000
      Market price range: $203k - $1.08M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,830,000
      Current use
      AUTO REPAIR, GARAGE
      $2,120,000
      Change: +16% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,930,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $1,635,000
      Change: -11% Conversion: Easy
      MEDICAL BUILDING
      $1,535,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jensen Beach
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.203
    Latitude
    27.2657
    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
    $31,400
    $546,900
    $1,080,200
    $1,627,100
    -
    $546,900
    $1,080,200
    $1,627,100

    Comparable in this City

    • Value Estimation
      $1,625,000
      12,200 SF

      1048 Jensen Bch Blvd

      MINI-MALL • 12,200 SF
      1048 Jensen Bch Blvd, Jensen Beach, FL 34957-4706
      View Details
    • Value Estimation
      $6,250,000
      48,644 SF

      1105 Jensen Bch Blvd

      MINI-MALL • 48,644 SF
      1105 Jensen Bch Blvd, Jensen Beach, FL 34957-4707
      View Details
    • Value Estimation
      $2,950,000
      29,640 SF

      829 Jensen Bch Blvd

      MINI-MALL • 29,640 SF
      829 Jensen Bch Blvd, Jensen Beach, FL 34957-4797
      View Details
    • Value Estimation
      $1,000,000
      8,885 SF

      911 Jensen Bch Blvd

      MINI-MALL • 8,885 SF
      911 Jensen Bch Blvd, Jensen Beach, FL 34957-4703
      View Details
    • Value Estimation
      $6,620,000
      23,664 SF

      4320 Federal Hwy

      MINI-MALL • 23,664 SF
      4320 Federal Hwy, Jensen Beach, FL 34957-3100
      View Details
    • Value Estimation
      $3,775,000
      28,120 SF

      3554 Federal Hwy

      MINI-MALL • 28,120 SF
      3554 Federal Hwy, Jensen Beach, FL 34957-4406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      205,534 SF

      Prime Retail Space Available

      Exceptional retail opportunity in Treasure Coast's best retail corridor.
      3563 NW Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $1,500,000
      2,396 SF

      Prime Waterfront Restaurant & Land

      Jensen Beach eatery, 2396 sq ft, great potential.
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    • $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
    • $199,000
      2.13 Acres

      3359 Main Ave

      Retail properties & Spaces • 2.13 Acres
      3359 Main Ave, Jensen Beach, FL 34957
      View Details
    • $465,000
      1,307 SF

      Versatile Commercial Condo AutoVault

      1,307 SF AutoVault perfect for storage or business.
      1225 NE Savannah Rd, Jensen Beach, FL 34957
      View Details
    • $15,000,000
      22,960 SF

      Prime Retail Space in Jensen

      Inline retail space in a high-traffic Jensen Beach plaza.
      1959 NE Jensen Beach Blvd, Jensen Beach, FL 34957
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      18,479 SF

      Retail Space in Hutchinson Island

      1,117 SF retail unit in Jensen Beach plaza.
      11023 South Ocean 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
    • $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

      Retail Space in Jensen Beach

      Retail property with frontage, parking, signage, and loading dock.
      3550 N Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $21 SF/Yr
      32,045 SF

      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
      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
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    Jensen Beach, FL 34957-2679
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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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