Professional Office
For Sale
$559,000
900 Ocean Boulevard, Stuart, FL 34994
Configured for professional office use with private offices, conference space, waiting area, and dedicated staff workspace.
Property Size1,962 SF
Price / SF$284.91
Days on Market18
Property Features for 900 Ocean Boulevard
General Information
Standard status
Active
Size
1,962 SF
Elevators
Yes
Property subtype
Office
Additional Details
Road Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$5,291
Amenities
Central Air
3
Carpet
Parking.
103 Parking Spaces. Open Parking, 2 Carports.
Building Details
Year Built
1983
Listing Agency:
(772) 285-9180
Listed By:
Hartman Real Estate
(772) 285-9180
Source:
Xome
Added: Jul 31
Changed: Aug 16
Last Checked: Aug 16 at 3:33AM
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 Hartman Real Estate
Investment Insights
Based on property information with market context.
This 1,962-square-foot office condominium provides a practical professional layout within Stuart Professional Center. The interior includes three large offices with built-ins, a furnished 14 X 21 conference room, private bathrooms, a separate waiting area with a secured door, and work space for at least four additional staff. Central Air and carpet are included.
The property is located at 900 Ocean Boulevard in Stuart, with access from SE Ocean Boulevard and proximity to Downtown Stuart, the Martin County Court House, Cleveland Clinic, Martin County Administrative Center, US-1, and surrounding business districts. The professional campus includes elevator access and 103 parking spaces, including open parking and 2 carports.
Association improvements include a new roof, exterior painting, waterproofing, new railings, landscaping, and irrigation upgrades. Built in 1983, the condominium offers a defined office configuration within an established business setting.
The property is located at 900 Ocean Boulevard in Stuart, with access from SE Ocean Boulevard and proximity to Downtown Stuart, the Martin County Court House, Cleveland Clinic, Martin County Administrative Center, US-1, and surrounding business districts. The professional campus includes elevator access and 103 parking spaces, including open parking and 2 carports.
Association improvements include a new roof, exterior painting, waterproofing, new railings, landscaping, and irrigation upgrades. Built in 1983, the condominium offers a defined office configuration within an established business setting.
Key Highlights
- 1,962‑square‑foot professional office condominium in Stuart Professional Center
- Three large offices with built‑ins and a furnished 14 X 21 conference room
- Separate waiting room with a secured door and work area for at least four additional staff
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
$26,847
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
4.80%
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%
$536,940
$536.9K
Cap Rate 7%
$383,529
$383.5K
Cap Rate 9%
$298,300
$298.3K
Market Conditions
NOI Build-Up for 1,962 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
$49.4K $25.20/SF
− Vacancy
−$4.7K −$2.39/SF
EGI
$44.7K $22.81/SF
− OpEx
−$17.9K −$9.12/SF
NOI
$26.8K $13.68/SF
Area
Martin County, FL
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$536,940
Cap Rate 7%
$383,529
Cap Rate 9%
$298,300
Alternative Uses
Best Use
Healthcare Medical
$383.5K
$335.6K – $447.5K
NOI $26,847 @ 7.0% cap · market cap 4.80%
Second Best
Office B
$354.2K
$309.9K – $413.2K
NOI $24,792 @ 7.0% cap · market cap 4.44%
Theoretical Best
Retail
$515.4K
$451.0K – $601.4K
NOI $36,081 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,596
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Configured for professional office use with private offices, conference space, waiting area, and dedicated staff workspace.
Where is this office units located?
The property is located at 900 Ocean Boulevard Stuart, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 1,962‑square‑foot professional office condominium in Stuart Professional Center; Three large offices with built‑ins and a furnished 14 X 21 conference room; Separate waiting room with a secured door and work area for at least four additional staff
