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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Investment properties
11810 Dixie Hwy Hobe Sound, FL 33455-5423
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-7313129
Property summary
AI-generated overview
This exceptional 5,220 square foot retail building, constructed in 2020, presents a unique investment opportunity in Hobe Sound, Florida. Situated on a 0.17-acre lot (APN 34-38-42-029-019-03810-2) and zoned for Hobe Sound Redevelopment, the property features a two-story structure with ample parking. The building offers a versatile layout ideal for multiple tenants, including a built-out coffee shop complete with a grease trap. Three private executive offices with a separate entrance provide additional income potential. A significant amenity is the inclusion of a 1,200 square foot community room and a shared conference room, enhancing the property's appeal to a wide range of businesses. A spacious covered back patio/porch adds outdoor space. The property's location benefits from proximity to national and local retailers, ensuring high visibility and foot traffic. This is a rare opportunity to acquire a modern, well-appointed retail building in a thriving Florida community. The address is 11810 SE Dixie Hwy, Hobe Sound, FL 33455.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2020
Total area
5,220 SF
Lot
0.17 ac (7,405 SF)
APN
34-38-42-029-019-03810-2
UPID
US18-7313129
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
-
Chandler Wealth Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.25M
Owner & transaction history
Agape Partners LLC · 2 yrs held
Agape Partners LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+109.1%
Apartment house (5+ units)
$2.5M
+78.9%
Retail stores
$1.4M
+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
$2,305,000
ML approach
$2,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,385,000
Current use
RESTAURANT
$2,895,000
Change: +109% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,475,000
Change: +79% · Conversion: Moderate
RETAIL STORES
$1,410,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $2.25M (Nov 13 2023)
Last sale anchor
$2.25M
Nov 13 2023
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
$430 / 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
$383
Tax year 2023
Assessed value
$947,890
Assessed 2023
Previous assessed
$773,190
+22.6% YoY
Effective rate
0.04%
On assessed value
Assessed land
$152,400
Assessed improvement
$795,490
Land market value
$152,400
Improvement market value
$795,490
Total market value
$947,890
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
5,220 SF
Lot
0.17 ac (7,405 SF)
APN
34-38-42-029-019-03810-2
UPID
US18-7313129
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
$1.4M
RESTAURANT
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2020
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Agape Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2400 E COMMERCIAL BLVD STE #810, FORT LAUDERDALE, FL 33308-4072
Ownership since
2023
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
Nov 13, 2023
$2,250,000
Agape Partners LLC
Treasures For Hope INC
Warranty Deed
—
Nov 10, 2020
—
Treasures For Hope INC
Place Of Hope INC
Quit Claim Deed
related
—
Dec 21, 2016
$100,000
Place Of Hope INC
Pitts,linda C
Warranty Deed
—
Apr 29, 2014
—
Linda C Pitts
Pitts,linda C
Quit Claim Deed
related
—
Dec 15, 2003
$90,000
Raymond E Pitts
Montafon Development Corp
Grant Deed
—
Dec 9, 2003
$145,000
Montafon Development Corp
Hobe Sound Land Co Ltd
Grant Deed
—
Nov 19, 2002
$18,000
Hobe Sound Land Co Ltd
Harris,joan A
Grant Deed
—
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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