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Property profile & analytics
FOR LEASE
Office Spaces
11450 SE Dixie Hwy Hobe Sound, FL 33455
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-4199791
For Lease
1 / 15
$29,246 SF/Yr
11450 SE Dixie Hwy, Hobe Sound, FL 33455
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Total area
16,206 SF
Lot
5.62 ac (244,633 SF)
APN
34-38-42-000-077-00171-2
UPID
US18-4199791
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 Community Chest Inc Charitable Organization Social Service Agency
-
New York Life Insurance Co. Hobe Sound Insurance Agency
-
Advisors Ins Group, LLC Insurance Agency
-
Salefish Properties Real Estate Agency
-
API LLC Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.37M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$3.34M
Owner & transaction history
Lawson Realty LLC
Lawson Realty LLC
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.4M
+1.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,645,000
6.5%
$3,365,000
7%
$3,125,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,295,000
Current use
RETAIL STORES
$4,375,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$3,860,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±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
$206 / 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
$39,096
Tax year 2023
Assessed value
$2,615,927
Assessed 2023
Previous assessed
$1,998,277
+30.9% YoY
Effective rate
1.49%
On assessed value
Assessed land
$1,409,120
Assessed improvement
$1,206,807
Land market value
$1,409,120
Improvement market value
$1,206,807
Total market value
$2,615,927
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2003
Heating
NONE
Stories
2
Total area
16,206 SF
Lot
5.62 ac (244,633 SF)
APN
34-38-42-000-077-00171-2
UPID
US18-4199791
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
RETAIL STORES
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
2003
Heating
NONE
Stories
2
Lot
5.62 ac
Current owner
From public records · entity-resolved
Lawson Realty LLC
Entity
Mailing address
11450 SE DIXIE HWY STE #105, HOBE SOUND, FL 33455-5234
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Lawson Realty LLC
—
Deed Of Trust
related
$500,000 · Barbara M Caspersen
—
—
Lawson Realty LLC
—
Deed Of Trust
related
$1,550,000 · Bank Of America
—
—
Lawson Realty LLC
—
Deed Of Trust
related
$1,087,708 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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