Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2430 SW Martin Hwy Palm City FL 34990 Palm City, FL 34990

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Land | Palm City, FL

    Property size:
    4,965,844 SF
    Price / SF:
    $0.25/SF
    Added:
    Jan 9, 2025
    Days on Market:
    482
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 2430 SW Martin Hwy Palm City FL 34990

    General Information

    Standard status
    Active
    Property type
    Residential land & home lots, Commercial land, Other land, Land
    Size
    4,965,844 SF
    Elevators
    N/A

    We can help!

    Listing Contact
    Nik Schroth

    Listing agent Nik

    Listing office

    Listing date Jan 9, 2025

    Overview

    Palm City Medical Office Land

    This 1.14-acre parcel in Palm City, Florida, is engineered and approved for a 6,089 square foot medical office building. The site is located on SW Martin Highway, with an Average Daily Traffic (ADT) of 25,000 vehicles. Its position at a signalized intersection ensures visibility and accessibility. The property is near Palm City Nursing and Rehab Center, Hidden Oaks Middle School, and a Publix shopping center. The average household income within a one-mile radius surpasses $135,810. SW Martin Highway serves as a connector road, linking the Florida Turnpike and I-95 to Palm City via the Veterans Memorial Bridge and into Stuart. The property is zoned for medical office use.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Palm City
    County
    Martin
    State
    Florida
    Longitude
    -80.3491
    Latitude
    27.132

    Nearby Similar for Sale

    • $315,000

      Palm City 5-Acre Land Parcel

      Undeveloped 5-acre lot in desirable Palm City, Florida.
      SW 40th Terrace, Palm City, FL 34990
      View Details
    • $550,000

      Palm City Equestrian Homesite

      Gated 5+ acre equestrian homesite in Palm City Farms.
      3800 SW Briarbrook Way, Palm City, FL 34990
      View Details
    • $399,990

      Ocean Access Land Opportunity

      2+ acre lot with ocean access in Palm City.
      10124 SW Hemingway Terrace, Palm City, FL 34990
      View Details
    • $739,000

      Waterfront Lot in Gated Community

      Rare 0.53-acre waterfront lot in prestigious Windstone community.
      3544 SW Rivers End Way, Palm City, FL 34990
      View Details
    • $479,900

      Cleared Lot in Gated Community

      5-acre lot in Palm City's equestrian community.
      3150 SW Briarbrook Way, Palm City, FL 34990
      View Details
    • $198,500

      Vacant Lot in Palm City

      Prime .25-acre lot in desirable Seagate Harbor community.
      532 SW Marion Court, Palm City, FL 34990
      View Details
    • $799,000

      Palm City Lakefront Residential Land

      4.76 acre lakefront lot in gated residential community.
      6351 SW Pentalago Circle, Palm City, FL 34990
      View Details
    • $359,900

      Palm City Land with Golf View

      Half-acre lot with golf course view in gated community.
      10303 SW Stones Throw Terrace, Palm City, FL 34990
      View Details
    • $549,000

      Palm City Lakefront Land

      Residential land in a private, gated lake community.
      6100 SW Pentalago Circle, Palm City, FL 34990
      View Details
    • $3,795,000

      St. Lucie River Waterfront Land

      5+ acre waterfront parcel on the St. Lucie River.
      SW Citrus Boulevard S, Palm City, FL 34990
      View Details
    • $1,050,000

      Palm City Land with Pond

      5-acre lot with pond in gated, equine-friendly community.
      2805 SW Stoneybrook Way, Palm City, FL 34990
      View Details
    • $1,500,000

      Waterfront Land in Palm City

      Over an acre with 350+ feet of deep-water frontage.
      5248 SW Anhinga Avenue, Palm City, FL 34990
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land | Palm City, FL
    Where is this residential land & home lot located?
    The property is located at 2430 SW Martin Hwy Palm City FL 34990 Palm City, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (772) 403-3752
    We can help!
    Listing Contact
    Nik Schroth
    Learn More
    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.
    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

    Thank You for Inquiry
    2430 SW Martin Hwy, Palm City, FL 34990, Palm City, FL 34990
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!