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Property profile & analytics
OFF-MARKET
Estimated value
$8,925,000
Grocery and convenience stores
8605 Federal Hwy Hobe Sound, FL 33455-6026
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4444725
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2021
Total area
29,460 SF
Lot
5.89 ac (256,568 SF)
APN
34-38-42-000-140-00080-8
UPID
US18-4444725
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
-
Publix Pharmacy at Hobe Sound Center Pharmacy
-
Western Union Bank Credit Union
-
Presto! ATM at Publix Super Market Atm
-
Publix Super Market at Hobe Sound Center Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.34M
Comparable Approach
Comparable
$11.20M
Blend (final)
Blend
$8.93M
Owner & transaction history
Publix Super Markets INC · 10 yrs held
Publix Super Markets INC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.0M
+75.8%
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 Hobe Sound submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hobe Sound 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,030,000
6.5%
$8,335,000
7%
$7,740,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,950,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,975,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,810,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$7,020,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.93M
Range $8.03M – $9.82M · ±10%
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
$303 / 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
$113,085
Tax year 2023
Assessed value
$6,789,250
Assessed 2023
Previous assessed
$6,684,020
+1.6% YoY
Effective rate
1.67%
On assessed value
Assessed land
$2,428,260
Assessed improvement
$4,360,990
Land market value
$2,428,260
Improvement market value
$4,360,990
Total market value
$6,789,250
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Rooms
4
Bathrooms
126
Total area
29,460 SF
Lot
5.89 ac (256,568 SF)
APN
34-38-42-000-140-00080-8
UPID
US18-4444725
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
RETAIL STORES Current
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.0M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
2021
Heating
NONE
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
126
Lot
5.89 ac
Current owner
From public records · entity-resolved
Publix Super Markets INC
Entity
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2016
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
Apr 19, 2016
$3,400,000
Publix Super Markets INC
Osprey One LLC
Grant Deed
—
Mar 25, 2005
$2,700,000
Osprey One LLC
Emerald Props Of Martin Cnty LLC
Warranty Deed
—
—
—
Emerald Properties Of Martin C
—
Deed Of Trust
related
$450,000 · Earl K Oman Trustee
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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