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Property profile & analytics
OFF-MARKET Estimated value $2,250,000
Grocery and convenience stores

1904 Patrick Dr Indian Harbour Beach, FL 32937-4417

3,029 SF 0.55 ac lot Built 1964
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-0141963
Property summary
AI-generated overview

This exceptional 3,029 square foot gas station and convenience store presents a compelling investment opportunity. Strategically located at a signalized intersection, this property benefits from a daily traffic count of 28,645 vehicles, ensuring high visibility and customer flow. Its prime location is adjacent to the prestigious Indian Harbour Marina & Yacht Club, further enhancing its appeal. The property boasts six canopy pumps and an open fuel supply, presenting a significant value-add potential. Surrounded by a robust mix of national retailers such as Publix, Walmart, Panera Bread, 7-Eleven, and Starbucks, this location benefits from established consumer traffic and brand recognition. The strong surrounding demographics are equally impressive, with an average household income of $96,000 and a population of 40,000 within a three-mile radius. Further bolstering the investment potential is a projected 7% population growth within the next five years. The property's adjacency to the newly developed Zon Beachside Residences, a 123-unit luxury independent living facility, provides a consistent and growing customer base. This 0.55-acre property offers a rare combination of high traffic, strong demographics, and established brand synergy, making it an ideal investment for discerning buyers seeking significant returns. The single-tenancy structure simplifies management and maximizes operational efficiency.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,029 SF
Lot 0.55 ac (23,958 SF)
Zoning code B1
APN 27-37-11-00-00272.0-0000.00
UPID US18-0141963
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
$2.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.25M
Owner & transaction history
Standard Development Company LLC · 2 yrs held
Standard Development Company LLC
since 2023
Last sale
$2.4M
4 recorded transactions
2023
$1.8M
2023
$2.4M
2019
$1.1M
2007
$595,000
Zoning & alternative use
B1 · Indian Harbour Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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