Freestanding Building with Showroom
For Sale
Contact for pricing
508 S Colorado Ave, Stuart, FL 34994
Freestanding building with showroom and warehouse space for sale.
Property Size2,932 SF
Price / SF$409.28
Days on Market1093
Property Features for 508 S Colorado Ave
General Information
Standard status
Active
Size
2,932 SF
Property subtype
Retail
Zoning
CN
Building Details
Year Built
1955
Listing Agency:
Jeremiah Baron & Co. Commercial Real Estate LLC
(561) 277-6613
Listed By:
Chris Belland · License #FL 3345950
Source:
Crexi
Added: Aug 29, 2023
Changed: Aug 8
Last Checked: Aug 8 at 11:47AM
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.
This free-standing building offers approximately 1,552 square feet of showroom space, accompanied by two offices and two bathrooms. An additional 1,380-square-foot warehouse is located at the rear of the property, featuring a 10x9 roll-up bay door. The property benefits from high exposure to S Colorado Ave and includes signage. The surrounding area consists of trendy Downtown Stuart shops, offices, and restaurant spaces. The total property size is 2,932 square feet.
Key Highlights
- High exposure to S Colorado Ave. with signage.
- 1,552 SF of showroom space.
- 1,380 SF warehouse with a convenient 10x9 roll up bay door.
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
$53,919
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
4.49%
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%
$1,078,380
$1.1M
Cap Rate 7%
$770,271
$770.3K
Cap Rate 9%
$599,100
$599.1K
Market Conditions
NOI Build-Up for 2,932 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
$79.2K $27.00/SF
− Vacancy
−$2.1K −$0.73/SF
EGI
$77.0K $26.27/SF
− OpEx
−$23.1K −$7.88/SF
NOI
$53.9K $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%
$1,078,380
Cap Rate 7%
$770,271
Cap Rate 9%
$599,100
Alternative Uses
Best Use
Retail
$770.3K
$674.0K – $898.7K
NOI $53,919 @ 7.0% cap · market cap 4.49%
Second Best
Warehouse
$677.6K
$592.9K – $790.5K
NOI $47,429 @ 7.0% cap · market cap 3.95%
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
3,053
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Freestanding building with showroom and warehouse space for sale.
Where is this showroom located?
The property is located at 508 S Colorado Ave Stuart, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High exposure to S Colorado Ave. with signage.; 1,552 SF of showroom space.; 1,380 SF warehouse with a convenient 10x9 roll up bay door.
