Renovated Two-Story Office
For Sale
Contact for pricing
500 SE Osceola Street, Stuart, FL 34994
Modernized professional workspace with private offices, conference facilities, and on-site parking.
Property Size7,120 SF
Price / SF$451.01
Days on Market90
Property Features for 500 SE Osceola Street
General Information
Standard status
Active
Size
7,120 SF
Property subtype
Office
Zoning
R-3: Residential-Multifamily/Office
Building Details
Year Built
1984
Year Renovated
2024
Buildings
1
Stories
2
Tenancy
Single
Building Size
7,120 SF
Listing Agency:
Jeremiah Baron & Co. Commercial Real Estate LLC
(561) 277-6613
Listed By:
Chris Belland · License #FL 3345950
Source:
Crexi
Added: Jun 1
Changed: Aug 29
Last Checked: Aug 29 at 7:40PM
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 Jeremiah Baron & Co. Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This 7,120-square-foot office building offers two levels of professionally configured workspace. The interior includes multiple private offices, executive suites, a glass-enclosed conference room, and two kitchenettes. Most offices have windows, bringing natural light into the work areas. Originally completed in 1984, the property received a full modernization in 2024. Ground-floor parking serves both occupants and visitors.
The building is located at 500 SE Osceola Street in Stuart, between SE Osceola Street and SE Ocean Blvd. It is across from Cleveland Clinic North Hospital and minutes from Downtown Stuart's dining, retail, and business core. Zoning is R-3: Residential-Multifamily/Office.
The building is located at 500 SE Osceola Street in Stuart, between SE Osceola Street and SE Ocean Blvd. It is across from Cleveland Clinic North Hospital and minutes from Downtown Stuart's dining, retail, and business core. Zoning is R-3: Residential-Multifamily/Office.
Key Highlights
- 7,120‑square‑foot office building with two‑story configuration
- Full modernization completed in 2024; originally built in 1984
- Multiple private offices, executive suites, and a glass‑enclosed conference room
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
$102,263
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
2.80%
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%
$2,045,260
$2.0M
Cap Rate 7%
$1,460,900
$1.5M
Cap Rate 9%
$1,136,256
$1.1M
Market Conditions
NOI Build-Up for 8,093 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
$174.8K $21.60/SF
− Vacancy
−$38.5K −$4.75/SF
EGI
$136.4K $16.85/SF
− OpEx
−$34.1K −$4.21/SF
NOI
$102.3K $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 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%
$2,045,260
Cap Rate 7%
$1,460,900
Cap Rate 9%
$1,136,256
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,263 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.13M
$1.86M – $2.48M
NOI $148,828 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,049
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modernized professional workspace with private offices, conference facilities, and on-site parking.
Where is this office building located?
The property is located at 500 SE Osceola Street Stuart, FL.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 7,120‑square‑foot office building with two‑story configuration; Full modernization completed in 2024; originally built in 1984; Multiple private offices, executive suites, and a glass‑enclosed conference room
