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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2998 Federal Hwy Jensen Beach, FL 34957-4444

    • Banks
    • 9,032 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4281382
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chase Bank / Bank / Loan Service
    • Chase Mortgage / Loan Service / Bank
    • Chase ATM / Atm

    Property Details for 2998 Federal Hwy

    Year built
    1992
    Lot size
    1.19 lot acres
    Property size
    9,032 SF
    Property type
    Banks
    APN
    19-37-41-005-005-00020-6
    APU
    193741005005000206

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $875,000
      Market price range: $543k - $2.42M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,050,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jensen Beach
    County
    Martin
    State
    Florida
    Longitude
    -80.2721
    Latitude
    27.2428
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,226
    $727,540
    $1,424,970
    $2,152,510
    -
    $727,540
    $1,424,970
    $2,152,510

    Comparable in this City

    • Value Estimation by Request
      3,026 SF

      4180 Federal Hwy

      FINANCIAL BUILDING • 3,026 SF
      4180 Federal Hwy, Jensen Beach, FL 34957-3624
      View Details
    • Value Estimation
      $540,000
      4,569 SF

      1170 Jensen Bch Blvd

      FINANCIAL BUILDING • 4,569 SF
      1170 Jensen Bch Blvd, Jensen Beach, FL 34957-4708
      View Details
    • Value Estimation
      $505,000
      4,113 SF

      3321 Federal Hwy

      FINANCIAL BUILDING • 4,113 SF
      3321 Federal Hwy, Jensen Beach, FL 34957-4401
      View Details
    • Value Estimation
      $2,530,000
      4,531 SF

      50 Jensen Bch Blvd

      FINANCIAL BUILDING • 4,531 SF
      50 Jensen Bch Blvd, Jensen Beach, FL 34957-3555
      View Details
    • Value Estimation by Request
      5,004 SF

      1021 Jensen Bch Blvd

      FINANCIAL BUILDING • 5,004 SF
      1021 Jensen Bch Blvd, Jensen Beach, FL 34957-4753
      View Details
    • Value Estimation
      $770,000
      5,298 SF

      1939 Jensen Bch Blvd

      FINANCIAL BUILDING • 5,298 SF
      1939 Jensen Bch Blvd, Jensen Beach, FL 34957-7235
      View Details

    Similar Nearby for Sale

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      Jensen Beach Walgreens Investment Opportunity

      Single-tenant Walgreens property in Jensen Beach, Florida for sale.
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    • $95,000
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      Jensen Beach Retail Opportunity

      Kid-friendly studio in a high-traffic shopping center.
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    • Contact for pricing
      5,347 SF

      Jensen Beach Retail Opportunity

      Retail space on 1.54 acres near commercial drivers.
      4110 NW Federal Hwy, Jensen Beach, FL 34957
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    • $199,000
      2.13 Acres

      3359 Main Ave

      Restaurants • 2.13 Acres
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      View Details
    • $1,500,000
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      Prime Waterfront Restaurant & Land

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      High-return restaurant investment, Florida.
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    Similar Nearby for Lease

    • $17 SF/Yr
      12,500 SF

      Jensen Beach Commercial Space

      Prime Flex/Office Space Available
      779 Dixie Hwy, Jensen Beach, FL 34957
      View Details
    • $6,600 /Mo

      Jensen Beach Flex/Retail/Office Spaces

      Flex, retail, and office spaces available for lease in Jensen Beach.
      845 12Th Ter, Jensen Beach, FL 34957
      View Details
    • $29 SF/Yr
      1,513 SF

      Retail Space Near Treasure Coast

      Exceptional retail space in high-traffic area near Treasure Coast.
      2751 NW Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $25 SF/Yr
      2,250 SF

      Freestanding Retail Building in Jensen

      Retail building with frontage and monument sign in Jensen Beach.
      1439 NE Jensen Beach Blvd, Jensen Beach, FL 34957
      View Details
    • $15,000,000
      1,682 SF

      Prime Retail Space in Jensen

      Inline retail space in a high-traffic Jensen Beach plaza.
      1959 NE Jensen Beach Blvd, Jensen Beach, FL 34957
      View Details
    • $35 SF/Yr
      23,665 SF

      Jensen Beach Retail Space Available

      Prime retail space in a high-traffic Jensen Beach plaza.
      3300 Northeast Indian River Dr, Jensen Beach, FL 34957
      View Details
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    2998 Federal Hwy
    Jensen Beach, FL 34957-4444
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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