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Property profile & analytics
OFF-MARKET
Estimated value
$23,200,000
Assisted living facilities
9555 Federal Hwy Hobe Sound, FL 33455-2009
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3016724
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Total area
50,015 SF
Lot
8.91 ac (388,120 SF)
APN
34-38-42-061-000-00030-1
UPID
US18-3016724
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
-
Pine Grove Manor Nursing Home Retirement Community
-
Martin Coast Center for Rehabilitation and Healthcare Nursing Home
-
The Terrace at Hobe Sound Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$23.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.20M
Owner & transaction history
Martin Coast LLC · 2 yrs held
Martin Coast LLC
since 2024
Last sale
$23.2M
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
$23,200,000
ML approach
$23,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$23.20M
Range $20.88M – $25.52M · ±10% · vs last sale $23.20M (Jan 16 2024)
Last sale anchor
$23.20M
Jan 16 2024
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
$464 / 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
$139,497
Tax year 2023
Assessed value
$8,374,900
Assessed 2023
Previous assessed
$8,374,900
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$3,395,030
Assessed improvement
$4,979,870
Land market value
$3,395,030
Improvement market value
$4,979,870
Total market value
$8,374,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1964
Heating
NONE
Cooling
YES
Stories
1
Rooms
3
Bathrooms
72
Total area
50,015 SF
Lot
8.91 ac (388,120 SF)
APN
34-38-42-061-000-00030-1
UPID
US18-3016724
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
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
72
Lot
8.91 ac
Current owner
From public records · entity-resolved
Martin Coast LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2901 STIRLING RD STE #200, FORT LAUDERDALE, FL 33312-6529
Ownership since
2024
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
Jan 16, 2024
$23,200,000
Martin Coast LLC
Ths 9555 Propco LP
Warranty Deed
—
Feb 16, 2022
$26,800,000
Ths 9555 Propco LP
Hobe Sound Realty Holdings LLC
Special Warranty Deed
$40,200,000 · Dwight Mortgage Trust LLC
Nov 21, 2017
—
Hobe Sound Realty Holdings LLC
—
Loan Modification
related
$14,100,000 · Cibc Bk USA
Jul 6, 2015
$7,562,440
Hobe Sound Realty Holdings LLC
Hobe Sound Geriatric Village I
Trustees Deed
$12,000,000 · Privatebank & Tr
—
—
Hobe Sound Geriatric Village I
—
Deed Of Trust
related
$36,400,000 · Huntington National Bank
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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