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    Stuart Office Campus for Lease Title is generated by Realmo AI

    1000 SE Monterey Commons Blvd, Stuart, FL 34996

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    Mediterranean-style office buildings in Stuart's business corridor.

    Type:Office
    Added:
    Feb 7, 2020
    Days on Market:
    2307
    Last Refresh:
    May 12 at 10:50 pm

    Property Features for 1000 SE Monterey Commons Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 1000 SE Monterey Commons Blvd Contact us

    Suite 204 $22/Mo

    Size
    834 SF
    Type
    Office
    Beautifully built out office space with reception/conference area, large office and...
    show more
    Contact us

    We can help!

    Listing Contact
    Jaime Chamberlin
    Jaime Chamberlin

    Listing agent Jaime Chamberlin License #BK3413644

    Listing office SLC Commercial

    Listing date Feb 7, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SLC Commercial

    HighLights

    • Premier location in the heart of Stuart's business corridor in Martin County.
    • High‑profile tenant roster featuring Northern Trust Bank and Merrill Lynch.
    • On‑site owner and management ensures attentive maintenance.
    • Quality construction using the finest materials.
    • Aesthetically pleasing Mediterranean design with landscaped walkways, travertine marble lobbies, and iron baluster stairwells.
    • Ample windows provide abundant natural light in most suites.

    Overview

    Monterey Commons Corporate Center features three Mediterranean-style office buildings in a campus-like setting with royal palm and oak trees. Located in the heart of Stuart’s business corridor in Martin County, the center hosts professional firms including Northern Trust Bank, Merrill Lynch, and Gunster Law Firm. Constructed with attention to detail, the buildings feature landscaped walkways covered in multi-toned brick pavers, travertine marble foyers and lobbies, and interior stairwells with iron balusters and light oak finished handrails. Ample windows in most suites provide natural light. The Gunster Building, built in 1995, showcases architecture with exterior arched walkways and a classic clay-tiled cupola. The Corsair Building, built in 1999, consists of two buildings joined by an artistic canopy-covered entrance. The Rubicon, constructed in 2005, includes two buildings with covered canopied entrances and impact glass windows. The owner and management are located on site, ensuring attention to maintenance and the overall condition of the buildings and landscaping. The property is intended for office use.
    Location Intelligence

    Current Use by Public Records

    CBA Maintenance Corporate Office Beach Boy Carpentry ... General Contractor Dultmeier Photography Photography Service Matthew W. Petrovic, ... Alternative Medicine Practice Danielle Kassella Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.221901
    Latitude
    27.192674

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    FAQs

    What type of property is this?
    Office building - Mediterranean-style office buildings in Stuart's business corridor.
    Where is this office building located?
    The property is located at 1000 SE Monterey Commons Blvd Stuart, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Premier location in the heart of Stuart's business corridor in Martin County.; High‑profile tenant roster featuring Northern Trust Bank and Merrill Lynch.; On‑site owner and management ensures attentive maintenance.
    (772) 220-4096 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jaime Chamberlin
    Jaime Chamberlin
    Real Estate License ID: BK3413644
    Learn More
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    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.

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