Two-Story Office
2684 SE Willoughby Boulevard, Stuart, FL
For Sale
$649,890
Commercial Sale, Stuart, FL
Property Size2,400 SF
Lot Size0.03 Acres
Price / SF$270.79
Days on Market194
Property Features for 2684 SE Willoughby Boulevard
General Information
Property type
Property subtype
Zoning
Parking
Security features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
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Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Echo Fine Properties
(561) 500-3246
Listed By:
Howard Freedland · License #3482263
(561) 889-2735
Added: Apr 30
Changed: Nov 4
Last Checked: Nov 9 at 10:06AM
MLS# B26022235
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot condominium office unit is arranged across two levels for distinct presentation and administrative functions. The lower floor provides a presentation area and meeting room, while the upper floor includes private offices, a conference room, a full bath, and a kitchenette. Interior features include carpet flooring, central heating, and central air conditioning supported by two air conditioning units. The roof was replaced in 2018, and the property includes instant-hot water service.
The office is located at 2684 SE Willoughby Boulevard in Stuart, Florida. The building was constructed in 2004 with concrete block and stucco materials. Public water and public sewer serve the property, and cable is available.
The office is located at 2684 SE Willoughby Boulevard in Stuart, Florida. The building was constructed in 2004 with concrete block and stucco materials. Public water and public sewer serve the property, and cable is available.
Key Highlights
- 2400 square feet across two office levels
- Lower‑level presentation area and meeting room
- Upper level includes offices, conference room, full bath, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,424
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,480
$708.5K
Cap Rate 7%
$506,057
$506.1K
Cap Rate 9%
$393,600
$393.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$57.6K $24.00/SF
− Vacancy
−$10.4K −$4.32/SF
EGI
$47.2K $19.68/SF
− OpEx
−$11.8K −$4.92/SF
NOI
$35.4K $14.76/SF
Area
Martin County, FL
Vacancy
18.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,480
Cap Rate 7%
$506,057
Cap Rate 9%
$393,600
Alternative Uses
Best Use
Office B
$506.1K
$442.8K – $590.4K
NOI $35,424 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.6K
$603.4K – $804.5K
NOI $48,269 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,301
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Market
Average Price Trend$/SF for Office Units in Stuart, FL
Properties on Market for Office Units in Stuart
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercially zoned condo office with meeting, conference, and kitchenette areas.
Where is this office unit located?
The property is located at 2684 SE Willoughby Boulevard Stuart, FL.
What is the asking price?
The asking price for this property is $649,890.
What are key features of this property?
This property features: 2400 square feet across two office levels; Lower‑level presentation area and meeting room; Upper level includes offices, conference room, full bath, and kitchenette
