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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Retail space
9128 Brg Rd Hobe Sound, FL 33455-4421
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4893494
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
2,989 SF
Lot
0.22 ac (9,496 SF)
APN
34-38-42-029-024-05480-6
UPID
US18-4893494
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
-
Hobe Sound Beach Shop Shopping Center & Mall
-
Island Beverage Grocery & Convenience Store
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
tees please fla (Bike/Boat/Book/etc) Store
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.14M
Owner & transaction history
Lylt Properties LLC · 1 yrs held
Lylt Properties LLC
since 2025
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,270,000
ML approach
$1,330,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
RETAIL STORES
$805,000
Current use
COMMERCIAL (GENERAL)
$795,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$710,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.10M (Apr 25 2025)
Last sale anchor
$1.10M
Apr 25 2025
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
$381 / 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
$11,921
Tax year 2023
Assessed value
$719,330
Assessed 2023
Previous assessed
$648,770
+10.9% YoY
Effective rate
1.66%
On assessed value
Assessed land
$195,840
Assessed improvement
$523,490
Land market value
$195,840
Improvement market value
$523,490
Total market value
$719,330
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
YES
Stories
1
Rooms
1
Bathrooms
3
Total area
2,989 SF
Lot
0.22 ac (9,496 SF)
APN
34-38-42-029-024-05480-6
UPID
US18-4893494
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
$805,000
COMMERCIAL (GENERAL)
Est. value
$795,000
MEDICAL BUILDING
Est. value
$710,000
RETAIL STORES Current
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
1955
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Lylt Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
9278 SE SHARON ST, HOBE SOUND, FL 33455-6920
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
$1,100,000
Lylt Properties LLC
Hobe Sound Beach Shop INC
Warranty Deed
—
Mar 17, 2020
$750,000
Hobe Sound Beach Shop INC
Mahendra Patel
Warranty Deed
$550,000 · Mahendra T & Urmila M Patel
Jun 5, 2018
—
Mahendra Patel
—
Deed
related
$225,000 · Seacoast Nat'l Bk
Feb 5, 2008
—
Mahendra Patel
Patel,mahendra
Quit Claim Deed
related
$224,900 · Seacoast National Bank
—
—
Mahendra Patel
—
Loan Modification
related
$225,000 · Seacoast Nat'l 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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