Professional Office Condo with Conference
For Sale
$559,000
900 SE Ocean Boulevard, Stuart, FL 34994
CommercialSale, Stuart, FL
Property Size1,962 SF
Lot Size1.91 Acres
Price / SF$284.91
Days on Market50
Property Features for 900 SE Ocean Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
103
Parking features
Open
Security features
Security
Subdivision
Stuart Professional Center Condo
Standard status
Active
APN
043841026003010801
Lot size
1.91 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNITS 108 & 109 BLDG C PH 1 STUART PROFESSIONAL CENTER CONDO PER 3RD AMD TO DOC
Tax Annual Amount
5291
Legal Description
UNITS 108 & 109 BLDG C PH 1 STUART PROFESSIONAL CENTER CONDO PER 3RD AMD TO DOC
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Number of units
1
Flooring type
Carpet
Building materials
Block, Concrete
Listing Agency:
Hartman Real Estate
(772) 287-4690
Listed By:
Peter Hartman · License #3009625
(772) 285-9180
Added: Aug 5
Changed: Sep 13
Last Checked: Sep 23 at 9:06AM
MLS# M20056505
Copyright © 2026 Martin County REALTORS® of the Treasure Coast, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,962-square-foot professional office condominium was built in 1983 and offers a practical layout for medical, financial, legal, or executive office use. The interior includes three sizable offices with built-in features, a furnished 14 by 21 conference room, private bathrooms, a work area for at least four additional staff members, and a separate waiting room with a secured door. Carpet flooring, central heating, and central air are in place.
The property is part of Stuart Professional Center with elevator access and open parking. Access is available from SE Ocean Boulevard, with proximity to Downtown Stuart, the Martin County Courthouse, Cleveland Clinic, the Martin County Administrative Center, US-1, and nearby business districts. Association improvements include a new roof, exterior painting, waterproofing, new railings, landscaping, and irrigation upgrades.
The property is part of Stuart Professional Center with elevator access and open parking. Access is available from SE Ocean Boulevard, with proximity to Downtown Stuart, the Martin County Courthouse, Cleveland Clinic, the Martin County Administrative Center, US-1, and nearby business districts. Association improvements include a new roof, exterior painting, waterproofing, new railings, landscaping, and irrigation upgrades.
Key Highlights
- 1,962‑square‑foot professional office condominium
- Three offices with built‑ins plus a furnished 14 by 21 conference room
- Staff work area sized for at least four additional employees
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
$24,792
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
4.44%
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%
$495,840
$495.8K
Cap Rate 7%
$354,171
$354.2K
Cap Rate 9%
$275,467
$275.5K
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
$42.4K $21.60/SF
− Vacancy
−$9.3K −$4.75/SF
EGI
$33.1K $16.85/SF
− OpEx
−$8.3K −$4.21/SF
NOI
$24.8K $12.64/SF
Area
Martin County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$495,840
Cap Rate 7%
$354,171
Cap Rate 9%
$275,467
Alternative Uses
Best Use
Office B
$354.2K
$309.9K – $413.2K
NOI $24,792 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
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
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Open Analytics
Current Use
Lease Details
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
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
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Frequently Asked Questions
What type of property is this?
Office units - Configured office condominium with private rooms, staff workspace, secured reception area, elevator access, and open parking.
Where is this office units located?
The property is located at 900 SE 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; Three offices with built‑ins plus a furnished 14 by 21 conference room; Staff work area sized for at least four additional employees
