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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Apartment buildings
3580 Indian Riv Dr Jensen Beach, FL 34957-4114
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-9952750
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Construction
FRAME
Total area
6,683 SF
Lot
1.54 ac (66,908 SF)
APN
22-37-41-000-000-00050-9
UPID
US18-9952750
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
$1.26M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.38M
Owner & transaction history
Pelicans Rest LLC · 2 yrs held
Pelicans Rest LLC
since 2023
Last sale
$1.3M
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
$1,650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.30M (Sep 6 2023)
Last sale anchor
$1.30M
Sep 6 2023
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
$206 / 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
$15,284
Tax year 2023
Assessed value
$956,973
Assessed 2023
Previous assessed
$829,776
+15.3% YoY
Effective rate
1.60%
On assessed value
Land market value
$598,750
Improvement market value
$374,230
Total market value
$972,980
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
1954
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
1
Rooms
1
Bathrooms
1
Total area
6,683 SF
Lot
1.54 ac (66,908 SF)
APN
22-37-41-000-000-00050-9
UPID
US18-9952750
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
1954
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Rooms
1
Bathrooms
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Pelicans Rest LLC
Entity
Mailing address
3580 NE INDIAN RIV DR, JENSEN BEACH, FL 34957-4114
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Sep 6, 2023
—
Pelicans Rest LLC
Stacey Ayers
Quit Claim Deed
related
—
Jan 18, 2022
—
Stacey Ayers
Stacey Ayers
Intrafamily Transfer
related
—
Feb 11, 2013
—
Ayers Joyce Trust
Out Of Control LLC
Grant Deed
related
—
Jan 4, 2013
$1,304,900
Joyce Ayers
Out Of Control LLC
Warranty Deed
—
Dec 4, 2007
$1,742,200
Out Of Control LLC
Pelican Rest LLC
Warranty Deed
$1,304,900 · Joyce Ayers
Jul 30, 2004
$1,699,900
Pelican Rest LLC
Ayers,joyce
Warranty Deed
$1,469,900 · Joyce Ayers
—
—
Best Motel Pelicans
—
Deed Of Trust
related
$10,175 · First Bank Of Indiantown
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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