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Property profile & analytics
OFF-MARKET Estimated value $4,100,000
Banks

150 Tequesta Dr Tequesta, FL 33469-2773

6,100 SF 1.4 ac lot Built 2004
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-5993992
Property summary
AI-generated overview

This exceptional 6,100 square foot office building, situated on a 1.4-acre lot in desirable Jupiter, Florida, presents a unique investment opportunity. Built in 2004 and renovated in 2010, the property boasts a prime location at the corner of US Highway 1 and Tequesta Drive, offering excellent visibility and accessibility. Currently configured as a single-tenant space, the building features a drive-thru and ample parking, making it suitable for a variety of uses. The property is zoned MU, allowing for flexibility in terms of future development. New ownership has the option to renovate the existing structure for single or multiple tenancy, or to pursue a complete redevelopment, capitalizing on the high-demand location. The building's history as a former Bank of America branch speaks to its strong structural integrity and desirable location within the highly sought-after east coast of Florida market. This property offers significant potential for investors seeking a prime location with redevelopment or renovation options. The substantial lot size provides ample space for expansion or additional development. This is an exceptional opportunity to acquire a well-located commercial property with significant upside potential. The property's strategic location and flexible zoning make it an ideal investment for both short-term and long-term growth.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2004
Construction CONCRETE
Total area 6,100 SF
Lot 1.4 ac (60,810 SF)
Zoning code M-U
APN 60-43-40-30-52-000-0010
UPID US18-5993992
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.07M
Blend (final) Blend
$4.10M
Owner & transaction history
Jebccore Tequesta LLC · 2 yrs held
Jebccore Tequesta LLC
since 2024
Last sale
$4.1M
1 recorded transaction
2024
$4.1M
Zoning & alternative use
M-U · Tequesta, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose and intent of the MU mixed use district is to establish a village center which creates a vital, diverse core for the principles which utilize mixed-use development concepts and which permit a combination of usually separated uses within a unified development district area. Natural features should be enhanced and environmental conditions carefully…

Zone name Mixed Use
General category MIXED_USE
Zone area 120.07 ac
Source Realmo
Top alternative use upside
Restaurant $4.2M +64.8%
Apartment house (5+ units) $4.2M +63.7%
Auto repair, garage $3.0M +18.0%
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