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12360 Dixie Hwy Hobe Sound, FL 33455-5606

OFF-MARKET Retail space Google Maps
800 SF 0.1 ac lot Built 1973
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$1.01M
Range $905k – $1.11M (±10%)
Property ID US19-0162641

Property summary

AI-generated overview

This exceptional 1.03-acre parcel presents a unique development opportunity in the heart of Hobe Sound, Florida. Located within the Hobe Sound Redevelopment Zoning District, this property offers significant potential for various uses. A conceptual plan suggests the possibility of developing eight single-family residential building lots, aligning with the area's residential character. However, the zoning also permits a range of other possibilities, including mixed-use developments, multi-family residences (up to 10 units per acre), restaurants, or even a work-live concept, providing considerable flexibility for the discerning investor. All utilities are readily available, and the property benefits from convenient on-street parking and access via a paved road. Situated in the central downtown business district, this location offers excellent visibility and proximity to local amenities. The property currently includes an existing 800-square-foot office building with associated parking, providing immediate income potential or space for development planning. The property's address is 12360 SE Dixie Hwy, Hobe Sound, FL 33455, with the APN 26-39-42-001-001-00440-0. This rare opportunity is priced at $3,699,000 and offers a compelling investment prospect for those seeking to capitalize on the growth and desirability of Hobe Sound. The Martin County location provides easy access to local attractions and the vibrant Florida lifestyle.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Total area 800 SF
Lot 0.1 ac (4,182 SF)
APN 26-39-42-001-001-00440-0
UPID US19-0162641

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.01M

Owner & transaction history

since 2021
Last sale
$675,000
4 recorded transactions
2021
$675,000
2008
$400,000
2004
$238,000
2003
$150,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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