Professional Office
For Sale
Contact for pricing
611 SW Federal Hwy, Stuart, FL 34994
Well-maintained professional office property with recent building and parking lot improvements along US Highway 1.
Property Size13,785 SF
Price / SF$199.49
Days on Market114
Property Features for 611 SW Federal Hwy
General Information
Standard status
Active
Size
13,785 SF
Class
B
Property subtype
Office
Zoning
Urban Highway/Urban Neighborhood
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Cushman & Wakefield - Stuart
Listed By:
Douglas Legler · License #FL BK3160171
(772) 405-7778
Source:
Crexi
Added: Jul 1
Changed: Oct 3
Last Checked: Oct 20 at 5:09PM
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 Cushman & Wakefield - Stuart
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Investment Insights
Based on property information with market context.
Northgate Plaza is a well-maintained professional office property offering an owner-user or investment opportunity. The building and parking lot have been recently improved, presenting a turnkey option in an established commercial corridor.
The property is positioned along heavily traveled US Highway 1, with convenient access and visibility. It is just minutes from Historic Downtown Stuart and located less than one-half mile from Kanner Highway, providing access to Florida’s Turnpike and Interstate 95.
The surrounding trade area is described as anchored by a strong mix of national retailers, restaurants, financial institutions, and healthcare providers.
The property is positioned along heavily traveled US Highway 1, with convenient access and visibility. It is just minutes from Historic Downtown Stuart and located less than one-half mile from Kanner Highway, providing access to Florida’s Turnpike and Interstate 95.
The surrounding trade area is described as anchored by a strong mix of national retailers, restaurants, financial institutions, and healthcare providers.
Key Highlights
- Professional office property built in 1983, well maintained.
- Situated along heavily traveled US Highway 1 for high street visibility.
- Recent building improvements and parking lot improvements.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,187
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,483,740
$3.5M
Cap Rate 7%
$2,488,386
$2.5M
Cap Rate 9%
$1,935,411
$1.9M
Market Conditions
NOI Build-Up for 13,785 SF
Gross rent
$297.8K $21.60/SF
− Vacancy
−$65.5K −$4.75/SF
EGI
$232.2K $16.85/SF
− OpEx
−$58.1K −$4.21/SF
NOI
$174.2K $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%
$3,483,740
Cap Rate 7%
$2,488,386
Cap Rate 9%
$1,935,411
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.90M
NOI $174,187 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$3.62M
$3.17M – $4.23M
NOI $253,502 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,828
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained professional office property with recent building and parking lot improvements along US Highway 1.
Where is this office building located?
The property is located at 611 SW Federal Hwy Stuart, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Professional office property built in 1983, well maintained.; Situated along heavily traveled US Highway 1 for high street visibility.; Recent building improvements and parking lot improvements.
