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Property profile & analytics
OFF-MARKET
Estimated value
$11,620,000
Warehouses
657 Dixie Hwy Jensen Beach, FL 34957-6110
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4504592
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
42,299 SF
Lot
2.74 ac (119,267 SF)
APN
28-37-41-000-000-00080-0
UPID
US18-4504592
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
-
door hardware hollow metal doors Building Supply Industrial Manufacturer
-
Stuart Composites - New Factory (Bike/Boat/Book/etc) Store Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.85M
CAP Approach
CAP
$10.53M
Comparable Approach
Comparable
$8.15M
Blend (final)
Blend
$11.62M
Owner & transaction history
Driftwood Industrial LLC · 4 yrs held
Driftwood Industrial LLC
since 2022
Last sale
$13.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.7M
+140.5%
Retail stores
$11.4M
+86.3%
Industrial (general)
$10.1M
+64.6%
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
$15,190,000
ML approach
$9,850,000
CAP Approach
CAP Return
Estimation
6%
$11,405,000
6.5%
$10,525,000
7%
$9,775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,735,000
Change: +140% · Conversion: Difficult
RETAIL STORES
$11,415,000
Change: +86% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$10,080,000
Change: +65% · Conversion: Easy
MEDICAL BUILDING
$10,075,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$11.62M
Range $10.46M – $12.78M · ±10% · vs last sale $13.00M (Mar 23 2022)
Last sale anchor
$13.00M
Mar 23 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
$275 / 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
$76,174
Tax year 2023
Assessed value
$4,564,720
Assessed 2023
Previous assessed
$2,403,420
+89.9% YoY
Effective rate
1.67%
On assessed value
Assessed land
$214,640
Assessed improvement
$4,350,080
Land market value
$214,640
Improvement market value
$4,350,080
Total market value
$4,564,720
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
3
Bathrooms
1
Total area
42,299 SF
Lot
2.74 ac (119,267 SF)
APN
28-37-41-000-000-00080-0
UPID
US18-4504592
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
COMMERCIAL (GENERAL)
Est. value
$14.7M
RETAIL STORES
Est. value
$11.4M
INDUSTRIAL (GENERAL)
Est. value
$10.1M
MEDICAL BUILDING
Est. value
$10.1M
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1958
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Driftwood Industrial LLC
Entity
Mailing address
142 S SEWALLS PT RD, STUART, FL 34996-6322
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
$13,000,000
Driftwood Industrial LLC
Baron Dixie LLC
Warranty Deed
$8,500,000 · Wells Fargo Bank NA
Apr 5, 2021
$7,175,000
Baron Dixie LLC
Stuart Paint And Supply INC
Warranty Deed
$5,000,000 · Flagler Bank
Mar 6, 2018
—
Stuart Paint & Supply INC
—
Trust Deed
related
$700,000 · Oculina Bk
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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