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Property profile & analytics
OFF-MARKET
Estimated value
$7,315,000
Apartment buildings
2560 Dixie Hwy Jensen Beach, FL 34957-5823
Entity Owned
4-yr Hold
Property ID
US18-0766961
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Total area
11,476 SF
Lot
2.98 ac (129,591 SF)
APN
26-37-41-007-000-02120-5
UPID
US18-0766961
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
-
Riverwatch Apartments by Lowkl Apartment Building Holiday Apartment Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.32M
Blend (final)
Blend
$7.32M
Owner & transaction history
Gjo Riverwatch LLC · 4 yrs held
Gjo Riverwatch LLC
since 2022
Last sale
$7.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+16.9%
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
$8,325,000
ML approach
$8,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,445,000
Current use
RESTAURANT
$6,360,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$7.32M
Range $6.58M – $8.05M · ±10% · vs last sale $7.13M (Jun 7 2022)
Last sale anchor
$7.13M
Jun 7 2022
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
$637 / 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
$98,359
Tax year 2023
Assessed value
$5,894,190
Assessed 2023
Previous assessed
$2,544,696
+131.6% YoY
Effective rate
1.67%
On assessed value
Assessed land
$877,500
Assessed improvement
$5,016,690
Land market value
$877,500
Improvement market value
$5,016,690
Total market value
$5,894,190
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Rooms
46
Bathrooms
48
Total area
11,476 SF
Lot
2.98 ac (129,591 SF)
APN
26-37-41-007-000-02120-5
UPID
US18-0766961
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.4M
RESTAURANT
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
1972
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Rooms
46
Bathrooms
48
Lot
2.98 ac
Current owner
From public records · entity-resolved
Gjo Riverwatch LLC
Entity
Mailing address
138 E 31ST ST BSMT C1, NEW YORK, NY 10016-6890
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$7,125,000
Gjo Riverwatch LLC
Mtd4 Peled LLC
Warranty Deed
$4,275,000 · Popular Bank
Dec 19, 2019
—
Mtd4 Peled LLC
—
Deed
related
$1,697,703 · Bank Leumi USA
Aug 27, 2004
$2,100,000
Banat Investment Corp
Heritage Properties
Warranty Deed
$1,500,000 · Independence Community Bank
—
—
Mtd4 Peled LLC
—
Loan Modification
related
$1,697,703 · Bank Leumi USA
—
—
Mtd4 Peled LLC
—
Deed Of Trust
related
$1,875,000 · Bank Leumi USA
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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