Two-Story Mixed-Use
850 SW MARTIN DOWNS Boulevard, Palm City, FL 34990
For Sale
$1,250,000
Flexible commercial and residential configuration with office and retail space below a private second-floor living unit.
Property Size2,848 SF
Lot Size0.16 Acres
Price / SF$438.90
Days on Market50
Property Features for 850 SW MARTIN DOWNS Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
RE/MAX Properties
Listed By:
Karin Hehn Bell PA · License FL #441691
(561) 818-2331
Source:
Meyerlucas
Added: Sep 21
Changed: Nov 3
Last Checked: Nov 8 at 1:41PM
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 RE/MAX Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use property combines office and retail functionality on the first floor with a residential unit above. The 2,848-square-foot building was constructed in 1949 and occupies 0.156 acres. First-floor improvements include a reception area, multiple offices, a kitchen with dining space, and two half bathrooms. The second-floor 2-bedroom/2-bath unit includes a kitchen, walk-in closet, wood flooring, and a balcony.
The property is positioned at 850 SW Martin Downs Boulevard in Palm City, across from Charlie Leigh Park and the Intracoastal. Its corner placement and 12 parking spots support convenient access for occupants and visitors, while the elevated setting provides water views. The layout accommodates a combination of commercial and residential occupancy within one building.
The property is positioned at 850 SW Martin Downs Boulevard in Palm City, across from Charlie Leigh Park and the Intracoastal. Its corner placement and 12 parking spots support convenient access for occupants and visitors, while the elevated setting provides water views. The layout accommodates a combination of commercial and residential occupancy within one building.
Key Highlights
- 2,848‑square‑foot mixed‑use building on 0.156 acres
- First‑floor office/retail area with reception, offices, kitchen, dining area, and two half bathrooms
- Second‑floor 2‑bedroom/2‑bath residential unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,374
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,480
$1.0M
Cap Rate 7%
$748,200
$748.2K
Cap Rate 9%
$581,933
$581.9K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$76.9K $27.00/SF
− Vacancy
−$2.1K −$0.73/SF
EGI
$74.8K $26.27/SF
− OpEx
−$22.4K −$7.88/SF
NOI
$52.4K $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 Rate 5%
$1,047,480
Cap Rate 7%
$748,200
Cap Rate 9%
$581,933
Alternative Uses
Best Use
Retail
$748.2K
$654.7K – $872.9K
NOI $52,374 @ 7.0% cap · market cap 4.19%
Second Best
Office B
$600.5K
$525.5K – $700.6K
NOI $42,036 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$818.3K
$716.0K – $954.7K
NOI $57,279 @ 7.0% cap · market cap 4.58%
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
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Explore this area
Business Placement
Demographics for 34990, FL
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103.0 sq mi
ZIP Area
303
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
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?
Mixed-use property - Flexible commercial and residential configuration with office and retail space below a private second-floor living unit.
Where is this mixed-use property located?
The property is located at 850 SW MARTIN DOWNS Boulevard Palm City, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,848‑square‑foot mixed‑use building on 0.156 acres; First‑floor office/retail area with reception, offices, kitchen, dining area, and two half bathrooms; Second‑floor 2‑bedroom/2‑bath residential unit
