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    1760 SE Bridge Rd Hobe Sound, FL 33455

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    1760 SE Bridge Rd Hobe Sound, FL 33455

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    • Agricultural land / Farmland
    For Sale
    $15,000,000
    View Listing →
    48 Acres Premier Development Opportunity For Sale
    $15,000,000

    48 Acres Premier Development Opportunity

    48 acres with frontage on I-95 and Bridge Rd.

    1760 SE Bridge Rd, Hobe Sound, FL 33455
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    Property ID
    US18-4868352
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pagoda Groves / Food Processing Plant

    Property Details for 1760 SE Bridge Rd

    Property type
    Agricultural land / Farmland
    Property subtype
    Commercial real estate

    Description

    Just East of I95 (exit 60) on the South side of Bridge Rd (Sr 708) you will find the 48 +/- Acres of the Pagoda Groves land. Pagoda Groves has been a family farm specializing in pomelos, Indian River citrus: honey bells, grapefruit, tangerines; tomatoes, vegetables, herbs, orange blossom honey, starfruit, pink and white guavas, watermelon, Florida mangoes, orange marmalades and more since 1998. SLC Commercial presents 48 +/- acres of premier development opportunity with nearly 3,800 feet of direct frontage along I-95 right at the SE Bridge Rd exit in Martin County with exposure and visibility to over 77,400 vehicles per day along the interstate. The corner property benefits from immediate access to I-95 on and off-ramps just 30 miles from West Palm and approximately 1 hour and a half Fort. Lauderdale, and only 8 miles to Hobe Beach pristine beaches. With A-1 zoning, The property is surrounded by several major development projects set to bring thousands of new homes and attractions to the area including Michael Jordan's private golf club, Grove XXIII, Atlantic Fields luxury golf community, and a current proposal underway for Harmony Ranch on 420 acres proposing to bring approximately 2,400 new homes directly across I-95 and Florida's Turnpike from the subject property. The owners will consider terms for qualified buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hobe Sound
    County
    Martin
    State
    Florida
    Longitude
    -80.2312414
    Latitude
    27.0419321

    Comparable in this City

    • Contact for pricing

      Hobe Sound Landholding on Bridge

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      Hobe Sound Agricultural Land

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      Prime Corner Land on US Highway

      Corner site with frontage on US Highway 1.
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      48.5 Acres Premier Development Opportunity

      Premier development opportunity with frontage along I-95 in Martin County.
      1760 SE Bridge Rd, Hobe Sound, FL 33455
      View Details

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      Hobe Sound Landholding on Bridge

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      Hobe Sound Sporting Equestrian Estate

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      Land Outparcel with Drive-Thru Potential

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      Upscale Neighborhood Retail and Office

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      Retail Space in Hobe Sound

      Retail space available in upscale neighborhood shopping center.
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    Hobe Sound, FL 33455
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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