Flex Property with
For Sale
$950,000
3173 SE Railroad Avenue, Stuart, FL 34997
Two buildings provide adaptable space for warehouse, automotive, fabrication, or storage operations.
Property Size6,922 SF
Lot Size0.31 Acres
Price / SF$137.68
Days on Market31
Property Features for 3173 SE Railroad Avenue
General Information
Standard status
Active
Size
6,922 SF
Lot size
0.31 Acres
Property subtype
Industrial
Zoning
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Power
200 amps
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$6,098
Amenities
high ceilings
loft
200-amp 3-phase electrical service
Building Details
Building Size
6,922 SF
Year Built
1963
Buildings
2
Listing Agency:
RE/MAX of Stuart - Palm City
Listed By:
Keri V. Burgess · License #3076174
(772) 708-3764
Source:
Meyerlucas
Added: Aug 28
Changed: Sep 26
Last Checked: Sep 26 at 2:32PM
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 RE/MAX of Stuart - Palm City
Investment Insights
Based on property information with market context.
The property includes two buildings on a 100-by-135-foot lot totaling 13,500 square feet. One building has high ceilings and a loft; the site also offers 200-amp, three-phase electrical service. The buildings were constructed in 1963 and 1982, and industrial zoning supports a range of uses, including warehouse, automotive, fabrication, and storage operations.
The site has 100 feet of frontage and sits across from a Florida East Coast Railroad siding. US-1 is accessible from the property. Parking is limited.
The site has 100 feet of frontage and sits across from a Florida East Coast Railroad siding. US-1 is accessible from the property. Parking is limited.
Key Highlights
- 13,500‑square‑foot lot measuring 100 by 135 feet
- Two buildings constructed in 1963 and 1982
- 200‑amp, three‑phase electrical service
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
$64,046
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
6.74%
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%
$1,280,920
$1.3M
Cap Rate 7%
$914,943
$914.9K
Cap Rate 9%
$711,622
$711.6K
Market Conditions
NOI Build-Up for 6,900 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
$115.9K $16.80/SF
− Vacancy
−$17.4K −$2.52/SF
EGI
$98.5K $14.28/SF
− OpEx
−$34.5K −$5.00/SF
NOI
$64.0K $9.28/SF
Area
Martin County, FL
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,280,920
Cap Rate 7%
$914,943
Cap Rate 9%
$711,622
Alternative Uses
Best Use
Retail
$1.81M
$1.59M – $2.11M
NOI $126,889 @ 7.0% cap · market cap 13.36%
Second Best
Warehouse
$1.59M
$1.40M – $1.86M
NOI $111,617 @ 7.0% cap · market cap 11.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings provide adaptable space for warehouse, automotive, fabrication, or storage operations.
Where is this flex space located?
The property is located at 3173 SE Railroad Avenue Stuart, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 13,500‑square‑foot lot measuring 100 by 135 feet; Two buildings constructed in 1963 and 1982; 200‑amp, three‑phase electrical service
