Professional Office
611 SW Federal Hwy Stuart, FL 34994
611 SW Federal Hwy, Stuart, FL, 34994
Contact for pricing
For Sale
Contact for pricing
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 Market21
Property Features for 611 SW Federal Hwy
General Information
- Standard status
- Active
- Size
- 13,785 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing agency
Cushman & Wakefield - Stuart
(772) 286-6292
Listed by
Douglas Legler · License #FL BK3160171
Source
Crexi
Added: Jul 1 Updated: Jul 21 at 6:14PM Checked: Jul 21 at 6:14PM
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $297.8k | $21.60 |
| − Vacancy | −$65.5k | −$4.75 |
| EGI | $232.2k | $16.85 |
| − OpEx | −$58.1k | −$4.21 |
| NOI | $174.2k | $12.64 |
13,785 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Smart Behavioral Innovation
Crisis Center
Nelson Jill H
Physician
JoLee Art & Photography
Photography Service
TibBlit.com
Bank
Tax Angels of Stuart
Consultant
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FAQs
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.
