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    Property profile & analytics

    11570 Dixie Hwy Hobe Sound, FL 33455-5322

    • Warehouses
    • 3,000 SF
    • 1.48 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3870478
    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

    • Wittmann Textiles Company / Clothing Store

    Property Details for 11570 Dixie Hwy

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    1.48 lot acres
    Property size
    3,000 SF
    Property type
    Warehouses
    APN
    34-38-42-000-078-00030-1
    APU
    343842000078000301

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $696,000
      Market price range: $270k - $697k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $435,000
      Current use
      RETAIL STORES
      $810,000
      Change: +86% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $795,000
      Change: +83% Conversion: Difficult
      MEDICAL BUILDING
      $715,000
      Change: +64% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $445,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobe Sound
    County
    Martin
    State
    Florida
    Longitude
    -80.1326
    Latitude
    27.0627
    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
    $6,577
    $443,240
    $116,240
    $559,480
    -
    $443,240
    $116,240
    $559,480

    Comparable in this City

    • Value Estimation
      $1,125,000
      9,600 SF

      11950 Shell Ave

      WAREHOUSE, STORAGE • 9,600 SF
      11950 Shell Ave, Hobe Sound, FL 33455-3409
      View Details
    • Value Estimation
      $705,000
      4,905 SF

      11522 Lares Ave

      WAREHOUSE, STORAGE • 4,905 SF
      11522 Lares Ave, Hobe Sound, FL 33455
      View Details
    • Value Estimation
      $550,000
      4,025 SF

      8828 Robwyn St

      WAREHOUSE, STORAGE • 4,025 SF
      8828 Robwyn St, Hobe Sound, FL 33455-5326
      View Details
    • Value Estimation by Request
      2,500 SF

      12872 Suzanne Dr

      WAREHOUSE, STORAGE • 2,500 SF
      12872 Suzanne Dr, Hobe Sound, FL 33455-9713
      View Details
    • Value Estimation by Request
      2,590 SF

      9835 Federal Hwy

      WAREHOUSE, STORAGE • 2,590 SF
      9835 Federal Hwy, Hobe Sound, FL 33455-2015
      View Details
    • Value Estimation
      $1,180,000
      8,666 SF

      11850 Shell Ave

      WAREHOUSE, STORAGE • 8,666 SF
      11850 Shell Ave, Hobe Sound, FL 33455-3407
      View Details

    Similar Nearby for Sale

    • $640,000
      1,704 SF

      Luxury Man Cave/Car Storage

      Meticulously designed space for car enthusiasts, entrepreneurs, or personal retreat.
      11720 SE Shell Ave, Hobe Sound, FL 33455
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    • $449,000
      16,400 SF

      Hobe Sound Industrial Condo Unit 4

      Prime Hobe Sound commercial condo, 16,400 sq ft.
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    • $7,000,000
      29,624 SF

      Mixed-Use Development Opportunity

      Mixed-use development near downtown, completion late 2025.
      12230 SE Dixie Hwy, Hobe Sound, FL 33455
      View Details
    • $1,200,000

      Commercial Land on A1A Frontage

      2.48 acres of commercial land with A1A frontage.
      SE Dixie Hwy, Hobe Sound, FL 33455
      View Details
    • Contact for pricing
      0.21 Acres

      Residential Lot in Hobe Sound

      Vacant residential lot in desirable Hobe Sound location.
      Unassigned, Hobe Sound, FL 33455
      View Details
    • $59,900

      Vacant Residential Lots in Hobe

      Two residential lots in Hobe Sound with development potential.
      Poinciana Gdn, Hobe Sound, FL 33455
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      1,200 SF

      Retail Space in Hobe Sound

      Prime retail/office space with high visibility and traffic.
      11181-11189 SE Federal Hwy, Hobe Sound, FL 33455
      View Details
    • Contact for pricing
      1,365 SF

      Modern Retail Spaces For Lease

      New shopping center with spaces for lease, high visibility.
      10455 SE Federal Hwy, Hobe Sound, FL 33455
      View Details
    • Contact for pricing
      1,300 SF

      Office Condo For Lease

      Office condo for lease in a great location.
      10750 SE Federal Hwy, Hobe Sound, FL 33455
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Hobe Sound

      Retail space available in well-established neighborhood shopping center.
      8767-8771 SE Bridge Rd, Hobe Sound, FL 33455
      View Details
    • $22,104

      Hobe Sound Office/Retail Space

      Sub-let opportunity in Hobe Sound business district.
      11900 SE Federal Hwy, Hobe Sound, FL 33455
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Hobe Sound

      Retail space available in upscale neighborhood shopping center.
      5663-5671 SE Crooked Oak Ave, Hobe Sound, FL 33455
      View Details
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    Hobe Sound, FL 33455-5322
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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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