Professional Office Condo with
For Sale
$424,900
900 SE Ocean Boulevard F256, Stuart, FL 34994
Flexible floor plan supports professional, medical, legal, financial, and executive office users.
Property Size2,044 SF
Price / SF$207.88
Days on Market42
Property Features for 900 SE Ocean Boulevard F256
General Information
Standard status
Active
Size
2,044 SF
Elevators
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1982
Listing Agency:
Spell Realty Group
(561) 994-2334
Listed By:
Travis Brooke Spell · License #B26008062
Source:
Thepennteam
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 5:43AM
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.
This 2,044-square-foot office condominium was built in 1982 and offers a functional layout for a range of professional users. The property is located within Stuart Professional Center and includes elevator access and abundant parking for the campus.
Positioned at 900 SE Ocean Boulevard, the office provides access to Downtown Stuart, Sewall's Point, Martin County's medical community, US-1, and nearby business districts. Recent association improvements include a new roof, concrete restoration, elevator modernization, exterior painting, waterproofing, new railings, and updated landscaping and irrigation. The work extends across key building and site components, including the elevator and exterior envelope.
Positioned at 900 SE Ocean Boulevard, the office provides access to Downtown Stuart, Sewall's Point, Martin County's medical community, US-1, and nearby business districts. Recent association improvements include a new roof, concrete restoration, elevator modernization, exterior painting, waterproofing, new railings, and updated landscaping and irrigation. The work extends across key building and site components, including the elevator and exterior envelope.
Key Highlights
- 2,044‑square‑foot professional office condominium
- Located at 900 SE Ocean Boulevard F256, Stuart, FL 34994
- Functional layout for professional, medical, legal, financial, and executive office users
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
$25,828
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
6.08%
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%
$516,560
$516.6K
Cap Rate 7%
$368,971
$369.0K
Cap Rate 9%
$286,978
$287.0K
Market Conditions
NOI Build-Up for 2,044 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
$44.2K $21.60/SF
− Vacancy
−$9.7K −$4.75/SF
EGI
$34.4K $16.85/SF
− OpEx
−$8.6K −$4.21/SF
NOI
$25.8K $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%
$516,560
Cap Rate 7%
$368,971
Cap Rate 9%
$286,978
Alternative Uses
Best Use
Office B
$369.0K
$322.9K – $430.5K
NOI $25,828 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$537.0K
$469.9K – $626.5K
NOI $37,589 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 - Flexible floor plan supports professional, medical, legal, financial, and executive office users.
Where is this office units located?
The property is located at 900 SE Ocean Boulevard F256 Stuart, FL.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 2,044‑square‑foot professional office condominium; Located at 900 SE Ocean Boulevard F256, Stuart, FL 34994; Functional layout for professional, medical, legal, financial, and executive office users
