4420 NW Federal Hwy Jensen Beach, FL 34957
Property profile & analytics
4420 NW Federal Hwy Jensen Beach, FL 34957
- Drug stores
- 14,476 SF
- 1.84 lot acres
Property ID
US19-0406141
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Walgreens / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
- Walgreens Pharmacy / Pharmacy
Property Details for 4420 NW Federal Hwy
- Year built
- 2005
- Lot size
- 1.84 lot acres
- Property size
- 14,476 SF
- Property type
- Drug stores
- APN
- 18-37-41-007-000-00010-0
- APU
- 183741007000000100
Description
This exceptional investment opportunity presents a 14,560 square foot Walgreens pharmacy situated on a 1.5-acre lot at 4420 NW Federal Hwy, Jensen Beach, FL 34957. The property boasts a strong corporate guarantee and a NNN lease with a remaining term of six years, expiring November 29, 2030. Positioned on a hard corner with excellent visibility, the location benefits from exceptionally high traffic counts exceeding 84,000 vehicles daily, due to its strategic placement on NW Federal Highway and SE Westmoreland Boulevard. The property features a double drive-thru, pylon signage, and convenient ingress/egress points. The asking price is $4,350,000, representing a price per square foot of $298.76 and a 6.11% cap rate with a net operating income (NOI) of $266,000. This Walgreens is surrounded by numerous national retailers, including Home Depot, Lowe's, Publix, Walmart, and more, in a densely populated and growing area midway between Vero Beach and West Palm Beach. The area's population within a 5-mile radius exceeds 116,000, with an average household income over $93,500. This presents a compelling investment opportunity with significant potential for long-term growth and strong returns.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,435,000
- 6.5%
- $4,095,000
- 7%
- $3,805,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,272,000
Market price range: $773k - $2.62M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,905,000 Current use
- INDUSTRIAL (GENERAL)
- $3,450,000 Change: -12% Conversion: Difficult
- MEDICAL BUILDING
- $3,450,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jensen Beach
- County
- Martin
- State
- Florida
- Longitude
- -80.2824
- Latitude
- 27.2593
- 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
$46,524
$1,122,100
$1,665,840
$2,787,940
-
$1,122,100
$1,665,840
$2,787,940
