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Property profile & analytics
OFF-MARKET
Estimated value
$5,405,000
Hotels
10978 Ocean Dr Jensen Beach, FL 34957-2611
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-0441917
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Construction
CONCRETE BLOCKS
Total area
63,247 SF
Lot
2.69 ac (117,076 SF)
Zoning code
HUTCH ISLA
APN
4512-331-0002-020-1
UPID
US18-0441917
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Lucie Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.37M
Comparable Approach
Comparable
$5.44M
Blend (final)
Blend
$5.41M
Owner & transaction history
Jecourt LLC · 8 yrs held
Jecourt LLC
since 2017
5 recorded transactions
Zoning & alternative use
HUTCH ISLA · Jensen Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+126.4%
Retail stores
$7.3M
+87.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jensen Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jensen Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,815,000
6.5%
$5,370,000
7%
$4,985,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,915,000
Current use
RESTAURANT
$8,865,000
Change: +126% · Conversion: Difficult
RETAIL STORES
$7,340,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$5.41M
Range $4.86M – $5.95M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$267,697
Tax year 2023
Assessed value
$18,576,100
Assessed 2023
Previous assessed
$10,022,100
+85.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$2,341,500
Assessed improvement
$16,234,600
Land market value
$2,341,500
Improvement market value
$16,234,600
Total market value
$18,576,100
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1986
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
8
Units
110
Rooms
117
Total area
63,247 SF
Lot
2.69 ac (117,076 SF)
Zoning code
HUTCH ISLA
APN
4512-331-0002-020-1
UPID
US18-0441917
Jurisdiction
ST LUCIE
Zoning & alternative use
HUTCH ISLA · Jensen Beach, FL
Zoning HUTCH ISLA · permitted uses
HUTCH ISLA · Jensen Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jensen Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.9M
RESTAURANT
Est. value
$8.9M
RETAIL STORES
Est. value
$7.3M
HOTEL/MOTEL Current
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
8
Units
110
Rooms
117
Lot
2.69 ac
Current owner
From public records · entity-resolved
Jecourt LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1001 E ATLANTIC AVE STE #202, DELRAY BEACH, FL 33483-6974
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2017
$15,480,000
Jecourt LLC
Oprock Jensen Fee LLC
Grant Deed
—
Dec 11, 2017
$15,480,000
Jencourt LLC
Oprock Jensen Fee LLC
Grant Deed
$14,250,000 · Bar Harbor Bk&tr
Jul 26, 2007
$20,280,000
Oprock Jensen Fee LLC
Hutchinson Island Corp
Grant Deed
—
—
—
Oprock Jensen Fee LLC
—
Deed Of Trust
related
—
—
—
Oprock Jensen Fee LLC
—
Deed Of Trust
related
$1,386,669 · Anglo Irish Bank Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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