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Banyan Groves 9025 SE Bridge Rd 1,452 SF Retail Building Hobe Sound, FL 33455 $4,750,000 ($3,271.35/SF) 5.91% Cap Rate
Investment Highlights
- Once in 20 years 'Shovel Ready' project in downtown Hobe Sound with Townhomes & a Mixed Use asset. Site Plan approved project with Martin County.
- Strong Return for the Purchaser selling Townhomes and Leasing the Mixed Use asset.
- An opportunity to build a showcase, flagship project for Hobe Sound maximizing the value of the vacant parcel.
Executive Summary
.65 acre parcel in the core Hobe Sound Central Business District with a fully Entitled showcase project. 6 THREE story Townhomes along with an 8,300 square foot Mixed Use asset- 3 2BD/2BA Apartments along with 4,500 square feet of commercial space. Designed for 2 Restaurants and a Retail space. Wedged between the wealth of Jupiter Island and the billions being spent just west with Apogee, Atlantic Fields, the Ranch and more, this development can provide a significant return to the Purchaser while being a shining star for downtown Hobe Sound.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,452 SF
Building Class
C
Year Built/Renovated
1945/2005
Price
$4,750,000
Price Per SF
$3,271.35
Cap Rate
5.91%
NOI
$280,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.65 AC
Zoning
R-3A - Site Plan Approval for 6 Townhomes and 8,300 square feet of Mixed Use- 3 Apartments and Commercial space.
Parking
6 Spaces (4.13 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2024 Population
4,686
12,672
20,526
34,215
2029 Population
4,893
13,171
21,269
35,859
2024-2029 Projected Population Growth
4.4%
3.9%
3.6%
4.8%
Median Age
53.8
53.3
58.2
56.8
College Degree + Higher
31%
29%
31%
23%
Daytime Employees
3,069
5,212
6,127
11,303
Total Businesses
430
687
821
1,774
Average Household Income
$109,660
$104,387
$103,089
$108,930
Median Household Income
$73,124
$69,757
$69,260
$77,614
Total Consumer Spending
$66.2M
$177M
$299M
$507.6M
2024 Households
2,043
5,638
9,624
15,841
Average Home Value
$629,353
$611,719
$554,605
$588,013
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-38-42-000-078-00040-9 | Total Assessment | $470,598 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2027 |
Property Taxes
Parcel Number
34-38-42-000-078-00040-9
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$470,598 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2027
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
CLCW Ventures
Banyan Groves | 9025 SE Bridge Rd
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