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    Property profile & analytics

    8998 Brg Rd Hobe Sound, FL 33455-5334

    • Retail space
    • 6,182 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4699659
    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

    • AC Services around the clock / HVAC Service / General Contractor
    • H. Allen Holmes, Inc. / Interior Design / Home Decor Store
    • Hobe Sound Office Space / Real Estate Agency

    Property Details for 8998 Brg Rd

    Year built
    1950
    Lot size
    0.36 lot acres
    Property size
    6,182 SF
    Property type
    Retail space
    APN
    34-38-42-029-025-05730-1
    APU
    343842029025057301

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,033,000
      Market price range: $881k - $2.47M
      AI Estimate
      $707,000
      Market price range: $431k - $1.52M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,640,000
      MEDICAL BUILDING
      $1,475,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hobe Sound
    County
    Martin
    State
    Florida
    Longitude
    -80.133
    Latitude
    27.0605
    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
    $10,380
    $352,430
    $273,820
    $626,250
    -
    $352,430
    $273,820
    $626,250

    Comparable in this City

    • Value Estimation
      $1,590,000
      6,765 SF

      11675 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,765 SF
      11675 Federal Hwy, Hobe Sound, FL 33455-5212
      View Details
    • Value Estimation
      $920,000
      5,795 SF

      11181 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,795 SF
      11181 Federal Hwy, Hobe Sound, FL 33455-5128
      View Details
    • Value Estimation by Request
      1,809 SF

      9025 Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,809 SF
      9025 Brg Rd, Hobe Sound, FL 33455-5314
      View Details
    • Value Estimation by Request
      1,649 SF

      10550 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,649 SF
      10550 Federal Hwy, Hobe Sound, FL 33455-4916
      View Details
    • Value Estimation
      $1,155,000
      4,186 SF

      11335 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,186 SF
      11335 Federal Hwy, Hobe Sound, FL 33455-5206
      View Details
    • Value Estimation
      $670,000
      3,200 SF

      11900 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      11900 Dixie Hwy, Hobe Sound, FL 33455-5455
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hobe Sound Office/Retail Space

      Sub-let opportunity in Hobe Sound business district.
      11900 SE Federal Hwy, Hobe Sound, FL 33455
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      3,138 SF

      Prime Hobe Sound Bank Building

      High-traffic location, excellent visibility.
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      9,002 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General with 9 years remaining on initial lease.
      8300 SE Constitution Blvd, Hobe Sound, FL 33455
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    • $406,224
      6.67 Acres

      Hobe Sound RV & Auto Storage

      Prime Commercial Storage Facility, 64 Units
      0 Federal Hwy, Hobe Sound, FL 33455
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    • $449,000
      16,400 SF

      Hobe Sound Industrial Condo Unit 4

      Prime Hobe Sound commercial condo, 16,400 sq ft.
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    Similar Nearby for Lease

    • Contact for pricing
      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
    • 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
    • Contact for pricing
      2,000 SF

      Retail Space in Hobe Sound

      Retail space available in well-established neighborhood shopping center.
      8803-8961 SE Bridge Rd, Hobe Sound, FL 33455
      View Details
    • Contact for pricing
      1,790 SF

      Retail Space in Hobe Sound

      Retail space available in upscale neighborhood shopping center.
      5663-5671 SE Crooked Oak Ave, 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
      200 SF

      Retail Building in Hobe Sound

      Retail building with offices, community room, and coffee shop.
      11800 SE Dixie Hwy, Hobe Sound, FL 33455
      View Details
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    8998 Brg Rd
    Hobe Sound, FL 33455-5334
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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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