Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9803 Ocean Dr Jensen Beach, FL 34957-2302

    • Office buildings
    • 1,972 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Oct 23, 2024
    $299,000
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    8.9%
    Office buildings
    Location Intelligence
    Property ID
    US18-3831539
    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

    • Hutchinson Island Real Estate | Vacation Sales & Rentals / Condominium Rental Agency / Real Estate Rental Agency
    • Hutchinson Island Real Estate / Real Estate Rental Agency / Rv Park
    • Luvvly Coote | FL Realtor® / Real Estate Agent
    • brinda lee / Real Estate Agency
    • Hutchinson Island Real Estate: Dianne Migliorini / Real Estate Agent

    Property Details for 9803 Ocean Dr

    Year built
    1971
    Construction
    CONCRETE BLOCKS
    Lot size
    0.59 lot acres
    Property size
    1,972 SF
    Zone code
    PLANNED NO
    Property type
    Office buildings
    APN
    4502-501-1623-000-1
    APU
    450250116230001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $300,000
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $445,000
      6.5%
      $410,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $484,000
      Market price range: $244k - $555k
      AI Estimate
      $430,000
      Market price range: $159k - $508k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $350,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $445,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $400,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $375,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jensen Beach
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.2132
    Latitude
    27.2867
    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
    $0.00
    $347,000
    $63,100
    $410,100
    -
    $347,000
    $63,100
    $410,100

    Comparable in this City

    • Value Estimation
      $525,000
      2,444 SF

      10525 Ocean Dr

      OFFICE BUILDING • 2,444 SF
      10525 Ocean Dr, Jensen Beach, FL 34957-2512
      View Details
    • Value Estimation
      $210,000
      1,248 SF

      10725 Ocean Dr

      OFFICE BUILDING • 1,248 SF
      10725 Ocean Dr, Jensen Beach, FL 34957-2688
      View Details
    • Value Estimation
      $645,000
      6,345 SF

      4000 Indian Riv Dr

      PROFESSIONAL BUILDING • 6,345 SF
      4000 Indian Riv Dr, Jensen Beach, FL 34957-4011
      View Details
    • Value Estimation
      $875,000
      9,083 SF

      3725 Pineapple Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 9,083 SF
      3725 Pineapple Ave, Jensen Beach, FL 34957-7275
      View Details
    • Value Estimation
      $1,050,000
      24,916 SF

      1960 Jensen Bch Blvd

      OFFICE (GENERAL) • 24,916 SF
      1960 Jensen Bch Blvd, Jensen Beach, FL 34957-7280
      View Details
    • Value Estimation
      $605,000
      8,148 SF

      914 Jensen Bch Blvd

      MEDICAL BUILDING • 8,148 SF
      914 Jensen Bch Blvd, Jensen Beach, FL 34957-4704
      View Details

    Similar Nearby for Sale

    • $3,600,000
      14,152 SF

      Prime Commercial Corridor Location

      Well-maintained building in high-traffic area, ideal for investment.
      3403 Northwest Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $4,000,000
      2.94 Acres

      Jensen Beach Investment Opportunity

      Fully leased medical and community service property with value-add potential.
      3405 NW Federal Hwy, Jensen Beach, FL 34957
      View Details
    • $4,250,000
      1.00 Acre

      Oceanfront Acreage in Jensen Beach

      Rare 1-acre oceanfront property zoned for multiple residential units.
      10810 S Ocean Dr, Jensen Beach, FL 34957
      View Details
    • $169,900
      0.04 Acres

      RV Lot Near Beach

      RV lot near the beach with reinforced concrete pad.
      10725 S Ocean Dr, Jensen Beach, FL 34957
      View Details
    • $475,000

      Versatile Commercial Condo AutoVault

      1,307 SF AutoVault perfect for storage or business.
      1225 NE Savannah Rd, Jensen Beach, FL 34957
      View Details
    • $4,075,000
      14,560 SF

      Jensen Beach Walgreens Investment Opportunity

      Single-tenant Walgreens property in Jensen Beach, Florida for sale.
      4420 NW Federal Hwy, Jensen Beach, FL 34957
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      12,500 SF

      Jensen Beach Commercial Space

      Prime Flex/Office Space Available
      779 Dixie Hwy, Jensen Beach, FL 34957
      View Details
    • $6,600 /Mo

      Jensen Beach Flex/Retail/Office Spaces

      Flex, retail, and office spaces available for lease in Jensen Beach.
      845 12Th Ter, Jensen Beach, FL 34957
      View Details
    • $12 SF/Yr
      9,275 SF

      Jensen Beach Industrial Flex Space

      Multiple warehouse/flex units available. New ownership, renovations underway.
      895 Dixie Hwy Jensen Bch, Jensen Beach, FL 34957
      View Details
    • Contact for pricing
      175,000 SF

      Prime Jensen Beach Medical Office Space

      175,000 SF Multi-Tenant Medical Building
      US-1 & Goldenrod Rod, Jensen Beach, FL 34957
      View Details
    • Contact for pricing

      Retail, Restaurant, Medical Space Available

      Premier development site at Goldenrod Rd & US-1.
      US-1 & Goldenrod Rod, Jensen Beach, FL 34957
      View Details
    • $20 SF/Yr
      1,200 SF

      Jensen Beach Warehouse For Lease

      1,200 SF Warehouse, Prime Location
      845 Pop Tilton Pl, Jensen Beach, FL 34957
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9803 Ocean Dr
    Jensen Beach, FL 34957-2302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.