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Property profile & analytics
OFF-MARKET
Estimated value
$3,325,000
Community centers
Ocean Dr Jensen Beach, FL 34957
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-1988583
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Construction
CONCRETE BLOCKS
Total area
18,479 SF
Lot
1.6 ac (69,696 SF)
Zoning code
COMM GENRA
APN
4512-333-0001-000-4
UPID
US18-1988583
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.25M
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$3.33M
Owner & transaction history
Hutchinson Island Shoppes LLC · 9 yrs held
Hutchinson Island Shoppes LLC
since 2017
5 recorded transactions
Zoning & alternative use
COMM GENRA · Jensen Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+16.0%
Industrial (general)
$4.4M
+5.6%
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 Jensen Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jensen Beach 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%
$4,600,000
6.5%
$4,245,000
7%
$3,945,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,170,000
Current use
AUTO REPAIR, GARAGE
$4,835,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,405,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$3,730,000
Change: -11% · Conversion: Easy
MEDICAL BUILDING
$3,505,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.33M
Range $2.99M – $3.66M · ±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
$180 / 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
$69,762
Tax year 2023
Assessed value
$3,712,100
Assessed 2023
Previous assessed
$3,242,030
+14.5% YoY
Effective rate
1.88%
On assessed value
Assessed land
$940,900
Assessed improvement
$2,771,200
Land market value
$940,900
Improvement market value
$2,771,200
Total market value
$3,712,100
Applied tax rate
50.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1984
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
18,479 SF
Lot
1.6 ac (69,696 SF)
Zoning code
COMM GENRA
APN
4512-333-0001-000-4
UPID
US18-1988583
Jurisdiction
ST LUCIE
Zoning & alternative use
COMM GENRA · Jensen Beach, FLZoning COMM GENRA · permitted uses
COMM GENRA · Jensen Beach, FL
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1984
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Hutchinson Island Shoppes LLC
Entity
Free & Clear · 9 yrs held
Mailing address
470 NE 185TH ST, MIAMI, FL 33179-4511
Ownership since
2017
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
Mar 29, 2017
$3,600,000
Hutchinson Island Shoppes LLC
Hutchinson Shoppes LLC
Warranty Deed
—
Jul 16, 2007
$3,200,000
Hutchinson Shoppes LLC
Kersey Holdings Lc
Warranty Deed
$2,560,000 · Great Florida Bank
Feb 12, 2000
$1,775,000
Kersey Holdings Lc
Hutchinson Island Shopper Ltd
Grant Deed
related
—
Jan 16, 1998
$1,125,000
Hutchinson Island Shoppes Ltd
H P G P INC
Grant Deed
$1,125,000 · Republic Security Bank
—
—
Hutchinson Shoppes LLC
—
Loan Modification
related
$2,350,000 · Branch Bk&tr
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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