Flex Office Condo with Maintenance
391 NE Baker Road Stuart, FL 34994
391 NE Baker Road, Stuart, FL, 34994
$555,000
For Sale
$555,000
Commercial flex condo in Avonlea Commerce Center, offered with both units at 391 and 393 NE Baker Road.
Property Size1,840 SF
Price / SF$301.63
Days on Market3336
Property Features for 391 NE Baker Road
General Information
- Standard status
- Active
- Size
- 1,840 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2001
Listing agency
RE/MAX Select Group
(772) 283-9991
Listed by
Patrick Stracuzzi
(772) 283-9991
Source
Xome
Added: Jun 3, 2017 Updated: Jul 21 at 5:05AM Checked: Jul 21 at 5:05AM
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 RE/MAX Select Group
Investment Insights
Based on property information with market context.
Commercial condo flex space in the Avonlea Commerce Center at Jensen Beach, sold with both 391 and 393 NE Baker Road. The offering is configured for flexible use with office/work space suitable for remote meeting needs, with living potential referenced in the remarks.
The sale includes maintenance fees described as inclusive of building insurance, exterior lighting, lawn maintenance, water, property maintenance, fire monitoring, dumpster collection, and reserves, all noted at $500 monthly.
This is a for-sale flex space condominium within a multi-unit commercial center, with shared building services covered under the stated maintenance structure.
The sale includes maintenance fees described as inclusive of building insurance, exterior lighting, lawn maintenance, water, property maintenance, fire monitoring, dumpster collection, and reserves, all noted at $500 monthly.
This is a for-sale flex space condominium within a multi-unit commercial center, with shared building services covered under the stated maintenance structure.
Key Highlights
- Commercial flex condo in Avonlea Commerce Center (Jensen Beach)
- Sale includes both units: 391 and 393 NE Baker Rd
- Built in 2001
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $20.16 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $35.0k | $19.03 |
| − OpEx | −$10.5k | −$5.71 |
| NOI | $24.5k | $13.32 |
1,840 SF · lease $20.16/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$350.2K
$306.4K – $408.5K
NOI $24,512 @ 7.0% cap · market cap 4.42%
Second Best
Office B
$332.1K
$290.6K – $387.5K
NOI $23,250 @ 7.0% cap · market cap 4.19%
Theoretical Best
Retail
$483.4K
$423.0K – $564.0K
NOI $33,837 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fresh Fit Club
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- Catering by S&L Events — 160 NE Dixie Hwy, Stuart, FL 34994
FAQs
What type of property is this?
Flex space - Commercial flex condo in Avonlea Commerce Center, offered with both units at 391 and 393 NE Baker Road.
Where is this flex space located?
The property is located at 391 NE Baker Road Stuart, FL.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Commercial flex condo in Avonlea Commerce Center (Jensen Beach); Sale includes both units: 391 and 393 NE Baker Rd; Built in 2001
