Turnkey Medical Office
For Sale
$274,900
Pending
900 SE Ocean Boulevard B212, Stuart, FL 34994
Turnkey second-floor office suite with multiple private offices, reception area, restroom, and kitchenette in a restored professional center.
Property Size985 SF
Days on Market153
Property Features for 900 SE Ocean Boulevard B212
General Information
Standard status
Pending
Size
985 SF
Total Parking Spaces
2
Zoning
MU
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,856
Amenities
Central Air, Ceiling Fan(s)
Central
Building Details
Building Size
985 SF
Year Built
1982
Stories
1
Listing Agency:
SPELL REALTY GROUP
(561) 282-7867
Listed By:
Travis Brooke Spell · License #B26008062
(561) 282-7867
Source:
Evrealestate
Added: Mar 28
Changed: Aug 24
Last Checked: Aug 26 at 7:14AM
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
Investment Insights
Based on property information with market context.
Turnkey second-floor office unit in Building B of the Stuart Professional Center, positioned near the elevator and stairwell for convenient access. The space is designed for professional or medical use and includes three private offices, a reception/lobby area, a private restroom, and a kitchenette. Unit improvements are supported by recent association-level work, including a new roof, concrete restoration, elevator modernization, new railings, exterior painting, and waterproofing.
The property is located at 900 SE Ocean Blvd in Stuart, Florida (Unit B212). The professional complex is maintained through an active facilities program, and additional exterior enhancements are noted as underway, with new irrigation and landscaping planned within about two months.
This suite is a practical fit for an owner-user seeking a ready-to-occupy layout with dedicated private rooms and amenities, or for an investor looking to acquire a finished unit in a recently restored office environment. The listing notes that a special assessment/loan is assumable or can be satisfied at closing, which may be relevant to underwriting and transaction planning.
The property is located at 900 SE Ocean Blvd in Stuart, Florida (Unit B212). The professional complex is maintained through an active facilities program, and additional exterior enhancements are noted as underway, with new irrigation and landscaping planned within about two months.
This suite is a practical fit for an owner-user seeking a ready-to-occupy layout with dedicated private rooms and amenities, or for an investor looking to acquire a finished unit in a recently restored office environment. The listing notes that a special assessment/loan is assumable or can be satisfied at closing, which may be relevant to underwriting and transaction planning.
Key Highlights
- Turnkey 985 SF second‑floor office unit in Building B within the Stuart Professional Center
- Layout includes 3 private offices, a reception/lobby area, a private restroom, and a kitchenette
- Association restoration completed with new roof, concrete restoration, elevator modernization, new railings, exterior paint, and waterproofing
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
Lease Details
Turnkey business
Opportunity
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 office suite with multiple 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 within the Stuart Professional Center; Layout includes 3 private offices, a reception/lobby area, a private restroom, and a kitchenette; Association restoration completed with new roof, concrete restoration, elevator modernization, new railings, exterior paint, and waterproofing
