Stuart Industrial Condo - Flex
For Sale
$225,000
1501 SE Decker Ave A102 Stuart Florida 34994, Stuart, FL 34994
880 SF space | 1501 SE Decker Ave
Property Size880 SF
Price / SF$255.68
Days on Market643
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
Listed By:
Douglas Legler
(772) 405-7778
Added: Jan 9, 2025
Changed: Mar 16
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,235
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,700
$284.7K
Cap Rate 7%
$203,357
$203.4K
Cap Rate 9%
$158,167
$158.2K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$17.7K $20.16/SF
− Vacancy
−$993 −$1.13/SF
EGI
$16.7K $19.03/SF
− OpEx
−$2.5K −$2.85/SF
NOI
$14.2K $16.18/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,700
Cap Rate 7%
$203,357
Cap Rate 9%
$158,167
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,694
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34994, FL
17,843
Population
10,086
Households
1.8
Avg Household Size
51
Median Age
36%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,663
Density / Sq Mi
$62,895
Median Household Income
$33,547
Median Earnings
$1,558
Median Rent
$248,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Riverwatch Marina — 200 SW Monterey Rd, Stuart, FL 34994
- StorageMart — 770 SE Monterey Rd, Stuart, FL 34994
- Penn Plaza Self Storage — 1180 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
Frequently Asked Questions
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.
