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

    845 Church St, Unit 1 Hobe Sound, FL 33455

    • Apartment buildings
    • 9,878 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $1,330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1886228
    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

    • Apartment buildings

    Property Details for 845 Church St

    Year built
    1974
    Lot size
    1.26 lot acres
    Property size
    9,878 SF
    Property type
    Apartment buildings
    APN
    34-38-42-080-000-00030-8
    APU
    343842080000000308

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,010,000
      6.5%
      $1,855,000
      7%
      $1,720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobe Sound
    County
    Martin
    State
    Florida
    Longitude
    -80.1404
    Latitude
    27.0715
    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
    $16,363
    $622,500
    $359,860
    $982,360
    -
    $622,500
    $359,860
    $982,360

    Comparable in this City

    • Value Estimation by Request
      672 SF

      13695 Powerline Rd

      APARTMENT HOUSE (5+ UNITS) • 672 SF
      13695 Powerline Rd, Hobe Sound, FL 33455-9775
      View Details
    • Value Estimation
      $5,150,000
      3,456 SF

      7796 Courtney Ter

      APARTMENT HOUSE (5+ UNITS) • 3,456 SF
      7796 Courtney Ter, Hobe Sound, FL 33455-2049
      View Details
    • Value Estimation
      $800,000
      5,160 SF

      9391 Pkwy Dr

      APARTMENT HOUSE (5+ UNITS) • 5,160 SF
      9391 Pkwy Dr, Hobe Sound, FL 33455-6249
      View Details
    • Value Estimation
      $795,000
      3,456 SF

      9315 Randall Ct

      APARTMENT HOUSE (5+ UNITS) • 3,456 SF
      9315 Randall Ct, Hobe Sound, FL 33455-2059
      View Details
    • Value Estimation by Request
      2,060 SF

      8461 Pne Cir

      APARTMENT HOUSE (5+ UNITS) • 2,060 SF
      8461 Pne Cir, Hobe Sound, FL 33455-6611
      View Details
    • Value Estimation
      $1,055,000
      8,459 SF

      8423 Church St

      APARTMENT HOUSE (5+ UNITS) • 8,459 SF
      8423 Church St, Hobe Sound, FL 33455-5002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.47 Acres

      Hobe Sound Residential Development Lots

      Two adjacent lots, prime multifamily potential.
      0 Rdg Ave, Hobe Sound, FL 33455
      View Details
    • $859,000

      Hobe Sound Single Family Home

      Single family detached home in Hobe Sound, Florida.
      9156 SE Mars St, Hobe Sound, FL 33455
      View Details
    • $19,000,000
      240.00 Acres

      Bridge Road Ranch: 240 Acres

      Prime Florida land, diverse uses, exceptional location.
      4200 Bridge Rd, Hobe Sound, FL 33455
      View Details
    • $199,999
      0.18 Acres

      Hobe Sound Residential Land Parcel

      Prime 0.18-acre lot, Dixie Hwy location.
      0 Dixie Hwy, Hobe Sound, FL 33455
      View Details
    • $1,444,000
      4.20 Acres

      Hobe Sound Commercial Land

      4.2 Acres, Prime Location
      5363 Seabranch Blvd, Hobe Sound, FL 33455
      View Details
    • $640,000
      1,704 SF

      Luxury Man Cave/Car Storage

      Meticulously designed space for car enthusiasts, entrepreneurs, or personal retreat.
      11720 SE Shell Ave, Hobe Sound, FL 33455
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo

      Updated Duplex in Hobe Sound

      East Hobe Sound duplex with new kitchen and bathrooms.
      8736 SE Algozzini Pl, Hobe Sound, FL 33455
      View Details
    • $30 SF/Yr
      1,365 SF

      Modern Retail Spaces For Lease

      New shopping center with spaces for lease, high visibility.
      10455 SE Federal Hwy, Hobe Sound, FL 33455
      View Details
    • $23 SF/Yr
      1,200 SF

      Retail Space in Hobe Sound

      Prime retail/office space with high visibility and traffic.
      11181-11189 SE Federal Hwy, Hobe Sound, FL 33455
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Hobe Sound

      Retail space available in well-established neighborhood shopping center.
      8767-8771 SE Bridge Rd, Hobe Sound, FL 33455
      View Details
    • $33 SF/Yr
      3,625 SF

      Martin Landings Plaza Retail Space

      Prime Retail Space, Multiple Units Available
      10441 Federal Hwy, Hobe Sound, FL 33455
      View Details
    • Contact for pricing

      Land Outparcel with Drive-Thru Potential

      Site plan approved land outparcel on US Highway 1.
      5639 SE Crooked Oak Ave, Hobe Sound, FL 33455
      View Details
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    845 Church St, Unit 1
    Hobe Sound, FL 33455
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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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