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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office Spaces
11970 Dixie Hwy Hobe Sound, FL 33455-5489
Entity Owned
19-yr Hold
Free & Clear
Property ID
US19-0706693
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1964
Total area
4,343 SF
Lot
0.52 ac (22,477 SF)
APN
34-38-42-029-013-02610-9
UPID
US19-0706693
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
-
Quintic Putting Studio Gym & Fitness Center Sports Field & Court
-
Sophia’s Restaurant
-
KORK Restaurant
-
The Courtyard Grill Take-out & Catering
-
DelBar Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$685k
Owner & transaction history
Courtyard LLC · 19 yrs held
Courtyard LLC
since 2007
4 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
$485,000
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$840,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,035,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$158 / 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
$11,232
Tax year 2023
Assessed value
$687,670
Assessed 2023
Previous assessed
$606,341
+13.4% YoY
Effective rate
1.63%
On assessed value
Assessed land
$383,670
Assessed improvement
$304,000
Land market value
$383,670
Improvement market value
$304,000
Total market value
$687,670
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
Off-Market
Year built
1964
Heating
NONE
Cooling
YES
Stories
1
Rooms
1
Bathrooms
5
Total area
4,343 SF
Lot
0.52 ac (22,477 SF)
APN
34-38-42-029-013-02610-9
UPID
US19-0706693
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
MEDICAL BUILDING
Est. value
$1.0M
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
1964
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
5
Lot
0.52 ac
Current owner
From public records · entity-resolved
Courtyard LLC
Entity
Free & Clear · 19 yrs held
Mailing address
141 W FRNT ST STE #410, RED BANK, NJ 07701-6422
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2019
—
Courtyard LLC
—
Deed
related
$650,000 · Valley Nat'l Bk
Jul 3, 2007
$975,000
Courtyard LLC
Hobe Sound Redev Corp INC
Warranty Deed
—
—
—
Courtyard LLC
—
Loan Modification
related
$650,000 · Valley Nat'l Bk
—
—
Courtyard LLC
—
Deed Of Trust
related
$650,000 · First United Bank
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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