Two-Story Office
For Sale
$649,900
2684 SE Willoughby Boulevard, Stuart, FL 34994
A flexible suite combines presentation and meeting space with private offices, a conference room, and a kitchenette.
Property Size2,400 SF
Price / SF$270.79
Days on Market186
Property Features for 2684 SE Willoughby Boulevard
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Office
Additional Details
Condition
Turnkey
Property Use
Office
Taxes and HOA fees
Annual Taxes
$6,730
Amenities
presentation space/meeting room
full bath
conference room
kitchenette
air conditioning
instant hot water
Building Details
Building Size
2,400 SF
Year Built
2004
Listing Agency:
Echo Fine Properties
Listed By:
Howard Freedland · License #3482263
(561) 889-2735
Source:
Rennyrealty
Added: Apr 30
Changed: Oct 31
Last Checked: Oct 31 at 3:20AM
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 Echo Fine Properties
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Investment Insights
Based on property information with market context.
This two-story office condominium offers 2,400 square feet of space. The first level is arranged for presentations and meetings, while the upper floor includes offices, a conference room, a full bathroom, and a kitchenette. The unit was built in 2004 and has two air-conditioning units.
Building updates include a roof replacement in 2018 and an instant-hot water system. The property is located at 2684 SE Willoughby Boulevard in Stuart, Florida.
Building updates include a roof replacement in 2018 and an instant-hot water system. The property is located at 2684 SE Willoughby Boulevard in Stuart, Florida.
Key Highlights
- 2,400‑square‑foot office condominium
- Two levels, with presentation and meeting space on the first floor
- Upper floor includes offices, a conference room, full bathroom, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,326
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,520
$606.5K
Cap Rate 7%
$433,229
$433.2K
Cap Rate 9%
$336,956
$337.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$51.8K $21.60/SF
− Vacancy
−$11.4K −$4.75/SF
EGI
$40.4K $16.85/SF
− OpEx
−$10.1K −$4.21/SF
NOI
$30.3K $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 Rate 5%
$606,520
Cap Rate 7%
$433,229
Cap Rate 9%
$336,956
Alternative Uses
Best Use
Office B
$433.2K
$379.1K – $505.4K
NOI $30,326 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$630.5K
$551.7K – $735.6K
NOI $44,135 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible suite combines presentation and meeting space with private offices, a conference room, and a kitchenette.
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 $649,900.
What are key features of this property?
This property features: 2,400‑square‑foot office condominium; Two levels, with presentation and meeting space on the first floor; Upper floor includes offices, a conference room, full bathroom, and kitchenette
