Stuart Industrial Condo - Flex
1501 SE Decker Ave A102 Stuart Florida 34994 Stuart, FL 34994
1501 SE Decker Ave A102 Stuart Florida 34994, Stuart, FL, 34994
$225,000
For Sale
$225,000
880 SF space | 1501 SE Decker Ave
Property Size880 SF
Price / SF$255.68
AddedJan 9, 2025
Days on Market552
Last RefreshMar 16 at 9:06 am
Property Features for 1501 SE Decker Ave A102 Stuart Florida 34994
General Information
- Standard status
- Active
- Property type
- Warehouses, Industrial live-work properties, Other industrial properties, Industrial properties, Mixed-use properties
- Size
- 880 SF
- Elevators
- N/A
Building Details
- Year Built
- 1988
Listing agent Douglas (772) 405-7778
Listing office (772) 405-7778
Listing date Jan 9, 2025
Investment Insights
Based on property information with market context.
This 880-square-foot industrial condominium is located in Stuart, Florida. Situated off US Highway 1, the property benefits from high visibility and ease of access. The space is designed with a 50/50 split between office and warehouse areas, accommodating businesses that require both administrative and storage capabilities. This layout supports efficient workflow and optimal space utilization. The property is suitable for warehousing, light manufacturing, and other operations needing a blend of office and industrial space. It is classified as a mixed-use property, warehouse, and industrial live-work property.
Local Financial Insights For Warehouse
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 | $17.7k | $20.16 |
| − Vacancy | −$993 | −$1.13 |
| EGI | $16.7k | $19.03 |
| − OpEx | −$2.5k | −$2.85 |
| NOI | $14.2k | $16.18 |
880 SF · lease $20.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$203.4K
$177.9K – $237.3K
NOI $14,235 @ 7.0% cap · market cap 6.33%
Second Best
Mixed Use
$169.7K
$148.5K – $198.0K
NOI $11,880 @ 7.0% cap · market cap 5.28%
Theoretical Best
Retail
$231.2K
$202.3K – $269.7K
NOI $16,183 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
Similar Off Market Nearby
- StorageMart — 770 SE Monterey Rd, Stuart, FL 34994
- CubeSmart Self Storage — 550 SE Harper St, Stuart, FL 34994
- Public Storage — 1401 SE Federal Hwy, Stuart, FL 34994
- Penn Plaza Self Storage — 1180 SE Monterey Rd, Stuart, FL 34994
- Riverwatch Marina — 200 SW Monterey Rd, Stuart, FL 34994
FAQs
What type of property is this?
Warehouse - 880 SF space | 1501 SE Decker Ave
Where is this warehouse located?
The property is located at 1501 SE Decker Ave A102 Stuart Florida 34994 Stuart, FL.
What is the asking price?
The asking price for this property is $225,000.
