Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,355,000
Community centers
1959 Jensen Bch Blvd Jensen Beach, FL 34957-7235
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3308754
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1951
Total area
23,665 SF
Lot
1.21 ac (52,708 SF)
Zoning code
JBCRA
APN
22-37-41-017-000-00020-7
UPID
US18-3308754
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
-
Welcome Home Realty International Real Estate Agency
-
Jensen Beach FL real estate listings and homes for sale, home buying, home selling information Real Estate Agency
-
Todd Doss Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.36M
Owner & transaction history
Driftwood Real Estate LLC · 5 yrs held
Driftwood Real Estate LLC
since 2021
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
JBCRA · Jensen Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.1M
+275.7%
Apartment house (5+ units)
$11.2M
+221.5%
Commercial (general)
$8.2M
+136.1%
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
$11,005,000
ML approach
$11,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$13,120,000
Change: +276% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,225,000
Change: +222% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,245,000
Change: +136% · Conversion: Easy
RETAIL STORES
$6,385,000
Change: +83% · Conversion: Easy
Blend value · Realmo final
$10.36M
Range $9.32M – $11.39M · ±10% · vs last sale $9.50M (Jun 15 2021)
Last sale anchor
$9.50M
Jun 15 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
$438 / 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
$137,367
Tax year 2023
Assessed value
$8,231,720
Assessed 2023
Previous assessed
$7,840,120
+5.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$442,750
Assessed improvement
$7,788,970
Land market value
$442,750
Improvement market value
$7,788,970
Total market value
$8,231,720
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1951
Heating
NONE
Cooling
YES
Stories
2
Rooms
1
Bathrooms
12
Total area
23,665 SF
Lot
1.21 ac (52,708 SF)
Zoning code
JBCRA
APN
22-37-41-017-000-00020-7
UPID
US18-3308754
Jurisdiction
MARTIN
Zoning & alternative use
JBCRA · Jensen Beach, FLZoning JBCRA · permitted uses
JBCRA · Jensen Beach, FL
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
RESTAURANT
Est. value
$13.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$8.2M
RETAIL STORES
Est. value
$6.4M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1951
Heating
NONE
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
12
Lot
1.21 ac
Current owner
From public records · entity-resolved
Driftwood Real Estate LLC
Entity
Mailing address
142 S SEWALLS PT RD, SEWALLS POINT, FL 34996-6322
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
$9,500,000
Driftwood Real Estate LLC
1959 Next Generations LLC
Special Warranty Deed
$4,750,000 · Wells Fargo Bank NA
May 8, 2020
—
1959 Next Generation LLC
—
Deed
related
$500,000 · Flagler Bk
Oct 21, 2019
$5,900,000
1959 Next Generation LLC
Hart Properties LLC
Warranty Deed
$3,870,000 · Flagler Bank
Sep 12, 2018
—
Hart Propertys LLC
—
Deed
related
$3,200,000 · Centerstate Bk NA
Apr 21, 2016
$4,500,100
Hart Propertys LLC
Cusick,laurence F
Warranty Deed
$3,500,000 · Cusick Laurence F Trust (pt)
—
—
1959 Next Generation LLC
—
Loan Modification
related
$500,000 · Flagler Bk
—
—
Hart Propertys LLC
—
Deed Of Trust
related
$3,200,000 · Centerstate Bk NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1959 Jensen Bch Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
