Shopping Center with Office
For Sale
$15,000,000
701 NW Federal Highway, Stuart, FL 34994
CommercialSale, Stuart, FL
Property Size57,000 SF
Lot Size4.00 Acres
Price / SF$263.16
Days on Market140
Property Features for 701 NW Federal Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-2
Parking
160
Subdivision
xxx
Standard status
Active
APN
323741000000001302
Lot size
4.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Long Legal. See Public Record
Tax Annual Amount
76746
Legal Description
Long Legal. See Public Record
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1986
Floors in Building
1
Building materials
Block, Concrete, Stucco
Listing Agency:
RE/MAX Select Group · RE/MAX International
(772) 283-9991
Listed By:
Patrick Stracuzzi, Sr · License #3048544
(772) 283-9991
Added: Apr 10
Changed: Aug 19
Last Checked: Aug 27 at 4:06PM
MLS# M20055207
Copyright © 2026 Martin County REALTORS® of the Treasure Coast, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This shopping center comprises more than 57,000 square feet and includes restaurant, retail, and professional tenancy. A freestanding four-story office building forms part of the property, creating a varied commercial configuration within the broader center. The improvements date to 1986 and feature block, concrete, and stucco construction, with central air and electric heating and cooling systems.
The property is located at 701 NW Federal Highway in Stuart, at the base of the Roosevelt Bridge. The site benefits from exposure to local and commuter traffic, with reported daily vehicle counts exceeding 55,000. Its position within Martin County places the center in an established commercial setting serving the surrounding Stuart area.
The property is located at 701 NW Federal Highway in Stuart, at the base of the Roosevelt Bridge. The site benefits from exposure to local and commuter traffic, with reported daily vehicle counts exceeding 55,000. Its position within Martin County places the center in an established commercial setting serving the surrounding Stuart area.
Key Highlights
- More than 57,000 square feet across the shopping center
- Restaurant, retail, and professional tenancy in one commercial property
- Freestanding four‑story office building included
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
$1,048,213
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
6.99%
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%
$20,964,260
$21.0M
Cap Rate 7%
$14,974,471
$15.0M
Cap Rate 9%
$11,646,811
$11.6M
Market Conditions
NOI Build-Up for 57,000 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
$1.54M $27.00/SF
− Vacancy
−$41.6K −$0.73/SF
EGI
$1.50M $26.27/SF
− OpEx
−$449.2K −$7.88/SF
NOI
$1.05M $18.39/SF
Area
Martin County, FL
Vacancy
2.70%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$20,964,260
Cap Rate 7%
$14,974,471
Cap Rate 9%
$11,646,811
Alternative Uses
Best Use
Retail
$14.97M
$13.10M – $17.47M
NOI $1,048,213 @ 7.0% cap · market cap 6.99%
Second Best
Office B
$10.29M
$9.00M – $12.00M
NOI $720,252 @ 7.0% cap · market cap 4.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Riverside Shoppes — 723 NW Federal Hwy, Stuart, FL 34994
- Northshore Plaza — 845 NW Federal Hwy, Stuart, FL 34994
Frequently Asked Questions
What type of property is this?
Shopping center - Mixed commercial occupancy combines restaurant, retail, and professional space with a freestanding office component.
Where is this shopping center located?
The property is located at 701 NW Federal Highway Stuart, FL.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: More than 57,000 square feet across the shopping center; Restaurant, retail, and professional tenancy in one commercial property; Freestanding four‑story office building included
