Flex Warehouse/Office Condominium
7867 SW Ellipse Way Stuart, FL 34997
7867 SW Ellipse Way, Stuart, FL, 34997
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For Sale
Contact for pricing
Flex warehouse/office condominium unit in Stuart's Treasure Coast Commerce Center.
Property Size1,338 SF
Price / SF$265
Days on Market670
Property Features for 7867 SW Ellipse Way
General Information
- Standard status
- Active
- Size
- 1,338 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2004
Listing Agency
Chapman Commercial Real Estate
(772) 288-6646
Listed by
Janine Landolina · License #FL 3094598
Source
Crexi
Added: Sep 17, 2024 Checked: Jul 17 at 7:29 am
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 Chapman Commercial Real Estate
Investment Insights
Based on property information with market context.
Available for sale is a flex warehouse/office condominium unit located in the Elite Professional Plaza. This property is situated in the Treasure Coast Commerce Center at the northwest corner of I-95 and Kanner Highway in Stuart, Florida. The unit, totaling 1338 square feet, features one large office and a warehouse area. Access to the warehouse is provided by a rear grade-level overhead door and a pedestrian door. The entire unit is fully air-conditioned. The property benefits from low traffic and is well-maintained.
Key Highlights
- High‑demand flex warehouse/office condominium unit.
- Convenient location at the northwest corner of I‑95 and Kanner Highway.
- Fully air‑conditioned office and warehouse space.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $20.16 |
| − Vacancy | −$1.5k | −$1.13 |
| EGI | $25.5k | $19.03 |
| − OpEx | −$3.8k | −$2.85 |
| NOI | $21.6k | $16.18 |
1,338 SF · lease $20.16/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$309.2K
$270.6K – $360.7K
NOI $21,644 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$254.6K
$222.8K – $297.1K
NOI $17,824 @ 7.0% cap · market cap 5.03%
Theoretical Best
Retail
$351.5K
$307.6K – $410.1K
NOI $24,605 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Cuisine 256 LLC — 7995 SW Jack James Dr, Stuart, FL 34997
- Enricos Catering — 7251 SW Gaines Ave, Stuart, FL 34997
- The Flavored Fork Catering — 7251 SW Gaines Ave, Stuart, FL 34997
FAQs
What type of property is this?
Flex space - Flex warehouse/office condominium unit in Stuart's Treasure Coast Commerce Center.
Where is this flex space located?
The property is located at 7867 SW Ellipse Way Stuart, FL.
What is the asking price?
The asking price for this property is $354,570.
What are key features of this property?
This property features: High‑demand flex warehouse/office condominium unit.; Convenient location at the northwest corner of I‑95 and Kanner Highway.; Fully air‑conditioned office and warehouse space.
