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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Parking lots & garages
11090 Federal Hwy, Hobe Sound, FL 33455-5166
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US18-4802607
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1953
Construction
CONCRETE BLOCKS
Total area
1,268 SF
Lot
17.6 ac (766,743 SF)
APN
34-38-42-000-275-00010-7
UPID
US18-4802607
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
-
Hobe Sound MHP, LLC Campground & RV Park
-
Rosa’s Landscaping &Tree Trimming Landscaping
-
ET Electron Technology Computer Repair Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Superior Construction Solutions Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Sound Mobile Home Park Hobe · 27 yrs held
Sound Mobile Home Park Hobe
since 1998
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hobe Sound submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hobe Sound 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$453 / 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
$57,307
Tax year 2023
Assessed value
$3,619,500
Assessed 2023
Previous assessed
$3,037,500
+19.2% YoY
Effective rate
1.58%
On assessed value
Assessed land
$3,619,500
Land market value
$3,619,500
Total market value
$3,619,500
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1953
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
2
Bathrooms
2
Total area
1,268 SF
Lot
17.6 ac (766,743 SF)
APN
34-38-42-000-275-00010-7
UPID
US18-4802607
Jurisdiction
MARTIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
17.6 ac
Current owner
From public records · entity-resolved
Sound Mobile Home Park Hobe
Individual
Mailing address
300 E MAPLE RD STE #200, BIRMINGHAM, MI 48009-6310
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
—
Hobe Sound Mobile Hm Pk LLC
—
Deed
related
$24,031,000 · Wells Fargo Bk
Jan 3, 2018
—
Hobe Sound Mobile Home Park LLC
—
Deed
related
$118,309,000 · Wells Fargo Bank NA
Sep 2, 1998
$2,810,000
Sound Mobile Home Park Hobe
Halliday,charles H & Rose
Grant Deed
—
—
—
Kevin M Mccormack
—
Deed Of Trust
related
$10,670 · Riverside National Bank
—
—
Hobe Sound Mobile Hm Park LLC
—
Deed Of Trust
related
$3,473,000 · General Electric Capital Corp
—
—
Connie L Lachappelle
—
Deed Of Trust
related
$27,866 · Riverside National Bank
—
—
Hobe Sound Mobile Hm Pk LLC
—
Loan Modification
related
$24,031,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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