Third-Floor Executive Office
For Sale
Contact for pricing
2081 SE Ocean Blvd, Stuart, FL 34996
Entire third-floor office condo with multiple suites, conference rooms, kitchen area, and private balcony access.
Property Size6,230 SF
Price / SF$377.21
Days on Market57
Property Features for 2081 SE Ocean Blvd
General Information
Standard status
Active
Size
6,230 SF
Class
A
Property subtype
Office
Zoning
B-2 (Stuart)
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Tenancy
Multi
Listing Agency:
Crady Mackin Belland Commercial Real Estate
(772) 215-1167
Listed By:
Brian Schwan · License #FL SL3479736
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 11 at 4:33PM
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 Crady Mackin Belland Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering presents an entire third-floor executive office condo with an upscale interior layout designed for professional use. The space includes multiple executive office suites, two conference rooms, and a full kitchen/break area, along with private balcony access. Dual-elevator service provides convenient building access, and ample interior configuration supports both collaborative meetings and day-to-day private office operations. Approximately half of the space is currently owner-occupied, with the remaining executive suites generating supplemental income.
The property is prominently located along SE Ocean Boulevard in Stuart, Florida near a signalized intersection. Visibility and accessibility are supported by this main-road setting, and the location is described as just minutes from Downtown Stuart, the Martin County Courthouse, and Cleveland Clinic Martin Health. Additional nearby dining, retail, and business amenities round out the convenience for employees and clients, with ample on-site parking for both.
For professional firms considering an owner-user model, the balance of owner-occupied space and income-producing suites can help offset occupancy costs, while still preserving dedicated executive office areas and conference space. Investors and buyers seeking a whole third-floor setup can evaluate the existing suite configuration, including private office components, two meeting rooms, and the shared kitchen/break area. The current suite pricing is described as achieving approximately $120 per square foot, reflecting pricing for the executive-level office environment.
The property is prominently located along SE Ocean Boulevard in Stuart, Florida near a signalized intersection. Visibility and accessibility are supported by this main-road setting, and the location is described as just minutes from Downtown Stuart, the Martin County Courthouse, and Cleveland Clinic Martin Health. Additional nearby dining, retail, and business amenities round out the convenience for employees and clients, with ample on-site parking for both.
For professional firms considering an owner-user model, the balance of owner-occupied space and income-producing suites can help offset occupancy costs, while still preserving dedicated executive office areas and conference space. Investors and buyers seeking a whole third-floor setup can evaluate the existing suite configuration, including private office components, two meeting rooms, and the shared kitchen/break area. The current suite pricing is described as achieving approximately $120 per square foot, reflecting pricing for the executive-level office environment.
Key Highlights
- Entire 3rd‑floor executive office condo on SE Ocean Boulevard in Stuart, FL, totaling approximately 6,230 SF
- Includes multiple executive office suites plus 2 conference rooms
- Full kitchen/break area and private balcony access
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
$78,722
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
3.35%
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%
$1,574,440
$1.6M
Cap Rate 7%
$1,124,600
$1.1M
Cap Rate 9%
$874,689
$874.7K
Market Conditions
NOI Build-Up for 6,230 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
$134.6K $21.60/SF
− Vacancy
−$29.6K −$4.75/SF
EGI
$105.0K $16.85/SF
− OpEx
−$26.2K −$4.21/SF
NOI
$78.7K $12.64/SF
Area
Martin County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,574,440
Cap Rate 7%
$1,124,600
Cap Rate 9%
$874,689
Alternative Uses
Best Use
Office B
$1.12M
$984.0K – $1.31M
NOI $78,722 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.64M
$1.43M – $1.91M
NOI $114,568 @ 7.0% cap · market cap 4.88%
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
1,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 34996, FL
11,042
Population
8,684
Households
1.3
Avg Household Size
64
Median Age
46%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
1,648
Density / Sq Mi
$82,898
Median Household Income
$38,365
Median Earnings
$1,334
Median Rent
$409,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Entire third-floor office condo with multiple suites, conference rooms, kitchen area, and private balcony access.
Where is this office units located?
The property is located at 2081 SE Ocean Blvd Stuart, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Entire 3rd‑floor executive office condo on SE Ocean Boulevard in Stuart, FL, totaling approximately 6,230 SF; Includes multiple executive office suites plus 2 conference rooms; Full kitchen/break area and private balcony access
