Flex Space with Industrial
For Sale
$950,000
3173 SE Railroad Avenue, Stuart, FL 34997
CommercialSale, Stuart, FL
Property Size6,900 SF
Lot Size0.31 Acres
Price / SF$137.68
Days on Market290
Property Features for 3173 SE Railroad Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
4
Subdivision
Golden Gate
Standard status
Active
APN
373841007001001104
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
GOLDEN GATE LOTS 11 TO 14 INC BLK 1
Tax Annual Amount
6098
Legal Description
GOLDEN GATE LOTS 11 TO 14 INC BLK 1
Utilities
Cooling system
Ceiling Fan(s)
Amenities
high ceilings
loft
3-phase electrical
Building Details
Year built
1963
Floors in Building
1
Flooring type
Concrete
Building materials
Block, Concrete
Listing Agency:
RE/MAX of Stuart - Palm City · RE/MAX International
(772) 220-1116
Listed By:
Keri Burgess · License #3076174
(772) 708-3764
Added: Dec 6, 2025
Changed: Aug 28
Last Checked: Sep 22 at 8:06AM
MLS# M20053296
Copyright © 2026 Martin County REALTORS® of the Treasure Coast, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space property includes two concrete buildings totaling approximately 6,900 square feet on a 13,500-square-foot lot. The improvements provide high ceilings, concrete flooring, ceiling fans, a loft in one building, and canopies serving both structures. Building 1 contains 2,752 square feet, was built in 1963, and includes a 660-square-foot canopy. Building 2 contains 3,450 square feet, was built in 1982, and includes a 200-square-foot canopy.
The site offers 100 feet of frontage and is positioned directly across from a Florida East Coast Railroad siding. Access to US-1 and other major transportation routes supports connectivity within the Stuart area. A 200-amp, 3-phase electrical service is installed, and the industrial zoning supports warehouse, automotive, fabrication, and storage uses. Parking is limited.
The site offers 100 feet of frontage and is positioned directly across from a Florida East Coast Railroad siding. Access to US-1 and other major transportation routes supports connectivity within the Stuart area. A 200-amp, 3-phase electrical service is installed, and the industrial zoning supports warehouse, automotive, fabrication, and storage uses. Parking is limited.
Key Highlights
- Two concrete buildings total approximately 6,900 sq ft on a 13,500 sq ft lot
- 100 feet of frontage directly across from a Florida East Coast Railroad siding
- 200‑amp, 3‑phase electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,920
$1.3M
Cap Rate 7%
$914,943
$914.9K
Cap Rate 9%
$711,622
$711.6K
Market Conditions
NOI Build-Up for 6,900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.9K $16.80/SF
− Vacancy
−$17.4K −$2.52/SF
EGI
$98.5K $14.28/SF
− OpEx
−$34.5K −$5.00/SF
NOI
$64.0K $9.28/SF
Area
Martin County, FL
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,280,920
Cap Rate 7%
$914,943
Cap Rate 9%
$711,622
Alternative Uses
Best Use
Retail
$1.81M
$1.59M – $2.11M
NOI $126,889 @ 7.0% cap · market cap 13.36%
Second Best
Warehouse
$1.59M
$1.40M – $1.86M
NOI $111,617 @ 7.0% cap · market cap 11.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property with high ceilings, adaptable layouts, and three-phase electrical service for varied industrial applications.
Where is this flex space located?
The property is located at 3173 SE Railroad Avenue Stuart, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two concrete buildings total approximately 6,900 sq ft on a 13,500 sq ft lot; 100 feet of frontage directly across from a Florida East Coast Railroad siding; 200‑amp, 3‑phase electrical service
