Turnkey Second-Floor Medical
For Sale
Contact for pricing
Pending
900 SE Ocean Boulevard # B212, Stuart, FL 34994
Turnkey second-floor suite with private offices, reception area, restroom, and kitchenette in a restored professional center.
Property Size985 SF
Days on Market132
Property Features for 900 SE Ocean Boulevard # B212
General Information
Standard status
Pending
Size
985 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Zoning
MU
Building Details
Year Built
1982
Units
1
Listing Agency:
Crest Realty Services LLC
Listed By:
Travis Spell · License #3234423
Source:
Crexi
Added: Apr 4
Changed: Aug 8
Last Checked: Aug 8 at 3:33PM
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 Crest Realty Services LLC
Investment Insights
Based on property information with market context.
This turnkey second-floor office suite is located in Building B of the Stuart Professional Center and is positioned near the elevator and stairwell. The interior includes a reception or lobby area, three private offices, a private restroom, and a kitchenette. The unit is described as ready for immediate medical or professional use.
The overall property includes a range of recent building improvements. The association reports a full-scale restoration that included a new roof, concrete restoration, elevator modernization, new railings, exterior paint, and waterproofing. Additional site updates are noted, including new irrigation and landscaping expected within two months.
For tenants, buyers, or owner-users seeking a well-equipped layout, the suite provides the combination of reception space and multiple private rooms typically needed for practice or professional workflows, along with a private restroom and kitchenette for day-to-day convenience. For buyers evaluating ownership, the association’s recent capital work and the noted assumable or satisfiable special assessment or loan at closing are included in the purchase considerations. The offering is structured as a for-sale opportunity within a maintained professional complex.
The overall property includes a range of recent building improvements. The association reports a full-scale restoration that included a new roof, concrete restoration, elevator modernization, new railings, exterior paint, and waterproofing. Additional site updates are noted, including new irrigation and landscaping expected within two months.
For tenants, buyers, or owner-users seeking a well-equipped layout, the suite provides the combination of reception space and multiple private rooms typically needed for practice or professional workflows, along with a private restroom and kitchenette for day-to-day convenience. For buyers evaluating ownership, the association’s recent capital work and the noted assumable or satisfiable special assessment or loan at closing are included in the purchase considerations. The offering is structured as a for-sale opportunity within a maintained professional complex.
Key Highlights
- Turnkey 985 SF second‑floor office unit in Building B of Stuart Professional Center
- Conveniently located near the elevator and stairwell
- Includes 3 private offices, reception/lobby area, private restroom, and kitchenette
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
$13,478
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
4.90%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,256
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 - Turnkey second-floor suite with private offices, reception area, restroom, and kitchenette in a restored professional center.
Where is this office units located?
The property is located at 900 SE Ocean Boulevard # 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 of Stuart Professional Center; Conveniently located near the elevator and stairwell; Includes 3 private offices, reception/lobby area, private restroom, and kitchenette
