Separately Deeded
For Sale
$545,900
85 & 95 SE Millwood Terrace, Stuart, FL 34997
Two three-bedroom units offer individually metered utilities and washer/dryer hookups.
Property Size2,262 SF
Days on Market59
Property Features for 85 & 95 SE Millwood Terrace
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,800
Taxes and HOA fees
Annual Taxes
$6,871
Amenities
washer/dryer hookups
Building Details
Building Size
2,262 SF
Year Built
1977
Buildings
1
Tenancy
Multi
Listing Agency:
Landmark Investments & Real Estate
(772) 708-1518
Listed By:
Melvin V. Robinson · License #3023330
(772) 708-1518
Source:
Meyerlucas
Added: Jun 22
Changed: Aug 16
Last Checked: Aug 18 at 5:25AM
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 Landmark Investments & Real Estate
Investment Insights
Based on property information with market context.
This 1977 duplex includes two separately deeded units, each arranged with three bedrooms, one and a half bathrooms, and washer/dryer hookups. Utilities are individually metered for each residence, and both units are occupied under month-to-month leases.
The property is located in Stuart with access to I-95 and proximity to the Cleveland Clinic, shopping, dining, golf courses, parks, and other recreational amenities. Separate deeds provide flexibility in how the units may be held or transferred.
The property is located in Stuart with access to I-95 and proximity to the Cleveland Clinic, shopping, dining, golf courses, parks, and other recreational amenities. Separate deeds provide flexibility in how the units may be held or transferred.
Key Highlights
- Two‑unit duplex built in 1977
- Each unit has 3 bedrooms and 1.5 bathrooms
- Units are separately deeded
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
$33,218
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
6.08%
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%
$664,360
$664.4K
Cap Rate 7%
$474,543
$474.5K
Cap Rate 9%
$369,089
$369.1K
Market Conditions
NOI Build-Up for 2,262 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
$50.2K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$47.5K $20.98/SF
− OpEx
−$14.2K −$6.29/SF
NOI
$33.2K $14.69/SF
Area
Martin County, FL
Vacancy
5.50%
Lease Rate
$22.20 /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%
$664,360
Cap Rate 7%
$474,543
Cap Rate 9%
$369,089
Alternative Uses
Best Use
Multifamily LT 5
$474.5K
$415.2K – $553.6K
NOI $33,218 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$394.4K
$345.1K – $460.2K
NOI $27,609 @ 7.0% cap · market cap 5.06%
Theoretical Best
Retail
$594.3K
$520.0K – $693.3K
NOI $41,598 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer individually metered utilities and washer/dryer hookups.
Where is this duplex located?
The property is located at 85 & 95 SE Millwood Terrace Stuart, FL.
What is the asking price?
The asking price for this property is $545,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1977; Each unit has 3 bedrooms and 1.5 bathrooms; Units are separately deeded
