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    Turn-Key Freestanding Office Building Title is generated by Realmo AI

    1100 SW Martin Downs Boulevard, Palm City, FL 34990

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    New
    For Sale
    $1,190,000

    Move-in-ready office with remodeled interiors, multiple entrances, and on-site parking.

    Property size:
    1,600 SF
    Price / SF:
    $743/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:33 am

    Property Features for 1100 SW Martin Downs Boulevard

    General Information

    Standard status
    Active
    Size
    1,600 SF

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    Ryan Binner

    Listing agent Ryan Binner

    Listing office Cornerstone Coastal Realty

    Listing date Jun 4, 2026

    Source Laerrealty

    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 Cornerstone Coastal Realty

    HighLights

    • 1,600± SF freestanding office building built in 1951 on a corner lot with updated interiors
    • Remodeled layout with 8 private offices plus a reception/lobby area
    • Two renovated bathrooms and ceramic tile flooring throughout, with fresh paint and updated trim
    • Two separate entrances for a single user or potential division into two suites
    • New roof in 2025 and mature landscaping with ample parking for 8+ vehicles

    Overview

    This turn-key, freestanding office building offers approximately 1,600 SF and a layout that supports professional use with eight private offices, a reception/lobby area, and two fully renovated bathrooms. The interior features ceramic tile flooring throughout, fresh paint, and updated trim. The building is designed with two separate entrances, giving flexibility for a single tenant or the possibility of dividing into two suites. Recent upgrades include a new roof completed in 2025.

    The property sits on a highly visible corner lot at 1100 SW Martin Downs Boulevard in Palm City, with strong access and traffic exposure. It is described as being about two miles from I-95, and minutes from the area beaches and the airport, supporting convenient regional access for clients and staff.

    With ample parking for 8+ vehicles and mature landscaping that enhances curb appeal, the building is well-suited for professional, medical, or service-based businesses seeking a move-in-ready facility. The combination of private office count, renovated restrooms, and flexible entry points makes it practical for organizations that need a dedicated work environment with controlled access for clients and visitors.
    Location Intelligence

    Current Use by Public Records

    michele dutkin Real Estate Agency Berkshire Hathaway HomeServices ... Real Estate Agency Shandi Carline, Realtor ... Real Estate Agency Mindy Hackett, Realtor, ... Real Estate Agency Carolina McClay Realtor® Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm City
    County
    Martin
    State
    Florida
    Longitude
    -80.2679608
    Latitude
    27.171939

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    FAQs

    What type of property is this?
    Office building - Move-in-ready office with remodeled interiors, multiple entrances, and on-site parking.
    Where is this office building located?
    The property is located at 1100 SW Martin Downs Boulevard Palm City, FL.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: 1,600± SF freestanding office building built in 1951 on a corner lot with updated interiors; Remodeled layout with 8 private offices plus a reception/lobby area; Two renovated bathrooms and ceramic tile flooring throughout, with fresh paint and updated trim
    (772) 528-3507
    We can help!
    Listing Contact
    Ryan Binner
    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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