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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Banks
1939 Jensen Bch Blvd Jensen Beach, FL 34957-7235
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0845202
Property summary
AI-generated overview
This mixed-use property, located at 1939 NE Jensen Beach Blvd in Jensen Beach, Florida (zip code 34957), offers up to 2,500 square feet of leasable space in a single tenancy. The building, constructed in 1962, is part of a larger 5,298 square foot structure (APN: 22-37-41-017-000-00041-2) situated in Martin County. Ideal for retail or office use, this space boasts a highly visible street-front location, perfect for maximizing foot traffic. Currently undergoing site improvements, the property features a shared outdoor seating area complete with a bandstand, contributing to the vibrant downtown atmosphere. The inviting outdoor patio and prominent street-facing entrance will draw in customers. This location is perfect for businesses seeking high visibility and a strong presence in the heart of Jensen Beach's active commercial district. The property is categorized as retail and office, with a mixed-use subtype.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1962
Total area
5,298 SF
Lot
0.57 ac (25,003 SF)
APN
22-37-41-017-000-00041-2
UPID
US18-0845202
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
-
smokinbunzbbq Restaurant
-
Celtic Creamery Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$770k
Owner & transaction history
1939 Jbb LLC · 5 yrs held
1939 Jbb LLC
since 2021
Last sale
$750,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+72.4%
Restaurant
$745,000
+2.2%
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
$870,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$725,000
Current use
INDUSTRIAL (GENERAL)
$1,255,000
Change: +72% · Conversion: Difficult
RESTAURANT
$745,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$615,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $750k (May 19 2021)
Last sale anchor
$750k
May 19 2021
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
$145 / 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
$24,038
Tax year 2023
Assessed value
$1,440,450
Assessed 2023
Previous assessed
$1,405,167
+2.5% YoY
Effective rate
1.67%
On assessed value
Assessed land
$400,380
Assessed improvement
$1,040,070
Land market value
$400,380
Improvement market value
$1,040,070
Total market value
$1,440,450
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1962
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Bathrooms
2
Total area
5,298 SF
Lot
0.57 ac (25,003 SF)
APN
22-37-41-017-000-00041-2
UPID
US18-0845202
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
FINANCIAL BUILDING Current
Est. value
$725,000
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$745,000
RETAIL STORES
Est. value
$615,000
FINANCIAL BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1962
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
1939 Jbb LLC
Entity
Mailing address
8600 S OCEAN DRPH4, JENSEN BEACH, FL 34957-2100
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2021
$750,000
1939 Jbb LLC
Wells Fargo Bank NA
Special Warranty Deed
$600,000 · James Roy
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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