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Property profile & analytics
OFF-MARKET
Estimated value
$7,305,000
Manufacturing properties
1551 Savannah Rd Jensen Beach, FL 34957-5303
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0726388
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1991
Construction
CONCRETE BLOCKS
Total area
37,200 SF
Lot
12 ac (522,720 SF)
APN
28-37-41-000-009-00010-6
UPID
US19-0726388
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
-
Foundation Building Materials Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.63M
Comparable Approach
Comparable
$7.29M
Blend (final)
Blend
$7.31M
Owner & transaction history
Elsaja Jensen LLC · 12 yrs held
Elsaja Jensen LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.0M
+13.2%
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 Jensen Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jensen Beach 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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,260,000
6.5%
$7,625,000
7%
$7,080,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,865,000
Current use
RETAIL STORES
$10,040,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$8,860,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$7.31M
Range $6.57M – $8.04M · ±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
$196 / 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
$41,987
Tax year 2023
Assessed value
$2,516,090
Assessed 2023
Previous assessed
$2,396,480
+5.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$878,170
Assessed improvement
$1,637,920
Land market value
$878,170
Improvement market value
$1,637,920
Total market value
$2,516,090
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1991
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
1
Bathrooms
2
Total area
37,200 SF
Lot
12 ac (522,720 SF)
APN
28-37-41-000-009-00010-6
UPID
US19-0726388
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
INDUSTRIAL (GENERAL) Current
Est. value
$8.9M
RETAIL STORES
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$8.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
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
1991
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
12 ac
Current owner
From public records · entity-resolved
Elsaja Jensen LLC
Entity
Mailing address
885 CONKLIN ST, FARMINGDALE, NY 11735-2400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
May 17, 2017
—
Elsaja Jensen LLC
—
Deed
related
$4,120,000 · Jp Morgan Chase Bk
Apr 23, 2014
$2,450,000
Elsaja Jensen LLC
Pierce Hardy LP
Grant Deed
—
May 6, 2008
—
Hardy Pierce
—
Deed Of Trust
related
$195,000,000 · Ableco Finance LLC
Aug 14, 2006
$6,000,000
Hardy Pierce
Gulf Stream Lumber
Warranty Deed
—
—
—
Hardy LP Pierce
—
Deed Of Trust
related
$14,000,000 · Wells Fargo Bank
—
—
Elsaja Jensen LLC
—
Deed Of Trust
related
$4,120,000 · Jp Morgan Chase Bk
—
—
Hardy LP Pierce
—
Deed Of Trust
related
$20,000,000 · Wells Fargo 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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