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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Apartment buildings
2665 Indian Riv Dr Jensen Beach, FL 34957-5261
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0700328
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Construction
FRAME
Total area
2,090 SF
Lot
0.34 ac (14,636 SF)
APN
22-37-41-003-000-00810-7
UPID
US19-0700328
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$769k
Blend (final)
Blend
$635k
Owner & transaction history
Nessenhouse LLC · 11 yrs held
Nessenhouse LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
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
$304 / 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
$8,424
Tax year 2023
Assessed value
$447,216
Assessed 2023
Previous assessed
$406,560
+10.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$229,740
Improvement market value
$308,220
Total market value
$537,960
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
1930
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
5
Bathrooms
5
Total area
2,090 SF
Lot
0.34 ac (14,636 SF)
APN
22-37-41-003-000-00810-7
UPID
US19-0700328
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
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
5
Lot
0.34 ac
Current owner
From public records · entity-resolved
Nessenhouse LLC
Entity
Mailing address
104 N SEWALLS PT RD, STUART, FL 34996-6502
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2015
$475,100
Nessenhouse LLC
Reynolds Judy N
Warranty Deed
—
Mar 27, 2014
—
Judy Reynolds
Reynolds,brian
Quit Claim Deed
related
—
Apr 13, 2012
$159,500
Brian Reynolds
Reynolds,brian & Judy N
Warranty Deed
related
—
Aug 8, 2003
$440,000
Brian Reynolds
Swanson,craig
Grant Deed
$440,000 · Craig Swanson
Aug 28, 2001
$400,000
Craig Swanson
Jensen,jerome H
Grant Deed
—
Apr 17, 2000
$700,000
Ton G Johnson
Jansen,jerome H
Grant Deed
—
Aug 1, 1997
$113,500
James J Copeland
Jensen,jerome H
Grant Deed
$70,000 · Suntrust Bank South Florida
—
—
Brian Reynolds
—
Deed Of Trust
related
$50,000 · Cynthia L Reynolds
—
—
Brian Reynolds
—
Deed Of Trust
related
$355,000 · First Peoples Bank
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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