For Sale
Contact for pricing
101 SW Ocean Boulevard, Stuart, FL 34994
Mixed-use properties
Property Size8,114 SF
Price / SF$369.73
Days on Market997
Property Features for 101 SW Ocean Boulevard
General Information
Standard status
Active
Size
8,114 SF
Property subtype
Mixed Use, Retail, Business for Sale, Industrial, Office
Zoning
UC-Urban Center
Building Details
Year Built
1925
Buildings
2
Stories
2
Units
2
Listing Agency:
Jeremiah Baron & Co. Commercial Real Estate LLC
(772) 285-2617
Listed By:
Zack Leider · License #CQ1025871
Source:
Crexi
Added: Nov 15, 2023
Changed: Aug 8
Last Checked: Aug 8 at 9:22AM
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 Jeremiah Baron & Co. Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Stuart location with excellent frontage and high‑visibility monument sign.
- Two commercial buildings connected by a secured, fenced courtyard‑style parking area.
- Classic storefront architecture with multiple roll‑up doors and drive‑through capability.
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
$149,214
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
4.97%
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%
$2,984,280
$3.0M
Cap Rate 7%
$2,131,629
$2.1M
Cap Rate 9%
$1,657,933
$1.7M
Market Conditions
NOI Build-Up for 8,114 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
$219.1K $27.00/SF
− Vacancy
−$5.9K −$0.73/SF
EGI
$213.2K $26.27/SF
− OpEx
−$63.9K −$7.88/SF
NOI
$149.2K $18.39/SF
Area
Martin County, FL
Vacancy
2.70%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,984,280
Cap Rate 7%
$2,131,629
Cap Rate 9%
$1,657,933
Alternative Uses
Best Use
Retail
$2.13M
$1.87M – $2.49M
NOI $149,214 @ 7.0% cap · market cap 4.97%
Second Best
Mixed Use
$1.56M
$1.37M – $1.83M
NOI $109,539 @ 7.0% cap · market cap 3.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,388
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Groceries 34%
Shops & Services 26%
Electronics 1%
Publix
Groceries
26,581 visits/mo
0.4 miles
Taco Shack
Dining
10,620 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,473 visits/mo
0.5 miles
Citgo
Shops & Services
7,356 visits/mo
0.5 miles
Mobil
Shops & Services
7,231 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 101 SW Ocean Boulevard Stuart, FL.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Prime downtown Stuart location with **excellent frontage and high‑visibility monument sign**.; Two commercial buildings connected by a secured, fenced courtyard‑style parking area.; Classic storefront architecture with multiple roll‑up doors and drive‑through capability.
