Dog Boarding and Training
For Sale
$2,600,000
1310 SW Commerce Way, Stuart, FL 34997
The property is a purpose-designed dog boarding, grooming, and training facility with fee simple ownership.
Property Size8,277 SF
Days on Market41
Property Features for 1310 SW Commerce Way
General Information
Standard status
Active
Size
8,277 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Amenities
outdoor dog pool
grooming and washing station
dedicated small and large dog runs
Building Details
Building Size
8,277 SF
Year Built
2007
Listing Agency:
KOVA Commercial Group
(239) 682-7444
Listed By:
Bryan Flores · License #3310464
(239) 682-7444
Source:
Lee-associates
Added: Jul 23
Changed: Aug 15
Last Checked: Aug 31 at 2:13PM
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 KOVA Commercial Group
Investment Insights
Based on property information with market context.
The property is a purpose-designed, operating dog boarding and training facility offered with fee simple ownership. The business is established as full-service dog care under one roof, including boarding, grooming, and training, along with related pet services. The facility includes 44 boarding rooms plus an overnight staff room to support around-the-clock care. Outdoor amenities include a dog pool, grooming and washing station, and dedicated small and large dog runs. Multiple training rooms are included for training and private instruction. HVAC service is supported by seven units that have been recently replaced.
The offering is structured for buyers who want both the operating business and the underlying real estate, rather than relocating into a leased space.
The offering is structured for buyers who want both the operating business and the underlying real estate, rather than relocating into a leased space.
Key Highlights
- 2007‑built, purpose‑designed dog boarding, grooming, and training facility offered with fee simple real estate
- Established full‑service operation: boarding, grooming, training, and related pet services under one roof
- 44 boarding rooms plus an overnight staff room for on‑site care
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
$110,264
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
4.24%
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%
$2,205,280
$2.2M
Cap Rate 7%
$1,575,200
$1.6M
Cap Rate 9%
$1,225,156
$1.2M
Market Conditions
NOI Build-Up for 8,277 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
$166.9K $20.16/SF
− Vacancy
−$9.3K −$1.13/SF
EGI
$157.5K $19.03/SF
− OpEx
−$47.3K −$5.71/SF
NOI
$110.3K $13.32/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
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%
$2,205,280
Cap Rate 7%
$1,575,200
Cap Rate 9%
$1,225,156
Alternative Uses
Best Use
Industrial
$1.58M
$1.38M – $1.84M
NOI $110,264 @ 7.0% cap · market cap 4.24%
Second Best
Flex RnD
$1.10M
$960.3K – $1.28M
NOI $76,827 @ 7.0% cap · market cap 2.95%
Theoretical Best
Retail
$2.17M
$1.90M – $2.54M
NOI $152,212 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-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
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 - The property is a purpose-designed dog boarding, grooming, and training facility with fee simple ownership.
Where is this flex space located?
The property is located at 1310 SW Commerce Way Stuart, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 2007‑built, purpose‑designed dog boarding, grooming, and training facility offered with fee simple real estate; Established full‑service operation: boarding, grooming, training, and related pet services under one roof; 44 boarding rooms plus an overnight staff room for on‑site care
