Mixed-Use Building with Residential
For Sale
$1,250,000
850 SW MARTIN DOWNS Boulevard, Palm City, FL 34990
Commercial Sale, Palm City, FL
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
Property type
Residential
Property subtype
Office
Zoning
1200 Mixed Use
Parking
12
Lot features
Corner Lot
Directions
corner of Martin Downs & Cornell
Subdivision
6090 - Palm City
Standard status
Active
APN
173841001002000101
Size
2,848 SF
Lot size
0.16 Acres
Additional Details
Mixed-Use Components
retail, residential
Property Use
Office/Retail/Residential
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM CITY AMENDED LOT 1 (LESS ST) BLK 2
Tax Annual Amount
6777
Legal Description
PALM CITY AMENDED LOT 1 (LESS ST) BLK 2
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1949
Floors in Building
2
Number of units
2
Flooring type
Laminate, Wood, Tile
Building materials
Block, Concrete
Roof type
Metal
Buildings
1
Listing Agency:
RE/MAX Properties · RE/MAX International
(561) 222-2800
Listed By:
Karin Hehn Bell PA · License #441691
(561) 818-2331
Added: Sep 17
Changed: Oct 23
Last Checked: Nov 5 at 11:06PM
MLS# B26078703
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
At 850 SW Martin Downs Boulevard, this two-story mixed-use property contains 2,848 square feet. The first floor is configured for office or retail use, with a reception area, multiple offices, a kitchen and dining area, and two half bathrooms. A two-bedroom, two-bath residence occupies the upper floor and includes a kitchen, walk-in closet, wood flooring, and a balcony.
Built in 1949 with block and concrete construction, the building has 12 parking spaces. The property is zoned 1200 Mixed Use and has public water and public sewer service.
Built in 1949 with block and concrete construction, the building has 12 parking spaces. The property is zoned 1200 Mixed Use and has public water and public sewer service.
Key Highlights
- 2,848‑square‑foot, two‑story mixed‑use building
- Street level offers office or retail space; a two‑bedroom, two‑bath residence is upstairs
- 12 parking spaces
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
Mixed Use
$549.3K
$480.6K – $640.8K
NOI $38,448 @ 7.0% cap · market cap 3.08%
Theoretical Best
—
—
same as Best Use
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
Paved road access
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 - Street-level office and retail space is paired with a two-bedroom residence upstairs.
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, two‑story mixed‑use building; Street level offers office or retail space; a two‑bedroom, two‑bath residence is upstairs; 12 parking spaces
