Turnkey Second-Floor Medical
For Sale
$274,900
Pending
900 SE Ocean #B212, Stuart, FL 34994
Second-floor office suite with three private offices, reception area, private restroom, and kitchenette in Building B.
Property Size985 SF
Days on Market205
Property Features for 900 SE Ocean #B212
General Information
Standard status
Pending
Size
985 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,856
Amenities
Central air
Ceiling Fans Cooling
Central Air Cooling
Central Heating
Tile Roof
Building Details
Year Built
1982
Listing Agency:
SPELL REALTY GROUP
Listed By:
TRAVIS BROOKE SPELL · License #B26008062
(561) 994-2334
Source:
Corcoran
Added: Apr 2
Changed: Oct 14
Last Checked: Oct 20 at 8:40PM
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 SPELL REALTY GROUP
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Investment Insights
Based on property information with market context.
Turnkey second-floor office unit in Building B of the Stuart Professional Center. The space is positioned near the elevator and stairwell and includes a reception/lobby area, three private offices, a private restroom, and a kitchenette.
The professional complex has undergone recent association-level restoration work, including a new roof, concrete restoration, elevator modernization, new railings, exterior paint, and waterproofing. New irrigation and landscaping are scheduled to be added within two months.
This suite is presented for sale, with an assumable special assessment/loan or the ability to satisfy at closing.
The professional complex has undergone recent association-level restoration work, including a new roof, concrete restoration, elevator modernization, new railings, exterior paint, and waterproofing. New irrigation and landscaping are scheduled to be added within two months.
This suite is presented for sale, with an assumable special assessment/loan or the ability to satisfy at closing.
Key Highlights
- Turnkey 985 SF second‑floor office unit in Building B at Stuart Professional Center
- Layout includes 3 private offices, reception/lobby area, private restroom, and kitchenette
- Association restoration completed: new roof, concrete restoration, elevator modernization, new railings, exterior paint, and waterproofing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,478
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,560
$269.6K
Cap Rate 7%
$192,543
$192.5K
Cap Rate 9%
$149,756
$149.8K
Market Conditions
NOI Build-Up for 985 SF
Gross rent
$24.8K $25.20/SF
− Vacancy
−$2.4K −$2.39/SF
EGI
$22.5K $22.81/SF
− OpEx
−$9.0K −$9.12/SF
NOI
$13.5K $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 Rate 5%
$269,560
Cap Rate 7%
$192,543
Cap Rate 9%
$149,756
Alternative Uses
Best Use
Healthcare Medical
$192.5K
$168.5K – $224.6K
NOI $13,478 @ 7.0% cap · market cap 4.90%
Second Best
Office B
$177.8K
$155.6K – $207.4K
NOI $12,446 @ 7.0% cap · market cap 4.53%
Theoretical Best
Retail
$258.8K
$226.4K – $301.9K
NOI $18,114 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,140
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite with three private offices, reception area, private restroom, and kitchenette in Building B.
Where is this office unit located?
The property is located at 900 SE Ocean #B212 Stuart, FL.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Turnkey 985 SF second‑floor office unit in Building B at Stuart Professional Center; Layout includes 3 private offices, reception/lobby area, private restroom, and kitchenette; Association restoration completed: new roof, concrete restoration, elevator modernization, new railings, exterior paint, and waterproofing
