Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Kanner Hwy Stuart, FL 34997

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    28-Unit Development Opportunity in Florida

    Property Features for 0 Kanner Hwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    59,242 SF

    Building Details

    Units
    28

    We can help!

    Listing Contact
    Nikolaus Schroth
    Nikolaus Schroth

    Listing Agency: NAI Southcoast Stuart Listing Agent: Nikolaus Schroth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.36-acre site, located on S Kanner Highway in Stuart, Florida (APN: 09-38-41-021-000-00020-0), presents a rare chance to develop a 28-unit apartment building. Zoned RPUD, this fully entitled property boasts an approved site plan and includes an access agreement for convenient entry. The site's high-density residential zoning allows for efficient development. Situated just five minutes from downtown Stuart and Palm City, the location offers residents proximity to numerous amenities, highly-rated Martin County schools, and the Cleveland Clinic. Excellent access to I-95 and Florida's Turnpike via Kanner Highway ensures convenient commuting. Priced at $1,500,000 ($53,571 per unit), this opportunity is ideal for investors seeking a high-return multifamily development project in a thriving Florida market. The future land use designation includes Office Residential. This is one of the few remaining residential development sites in Stuart, making this a truly unique investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2460309
    Latitude
    27.1437473

    Nearby Similar for Sale

    • $2,150,000
      0.51 Acres

      Downtown Stuart Commercial Buildings For Sale

      Two buildings in downtown Stuart suitable for office or retail.
      300 SE Detroit Ave, Stuart, FL 34994
      View Details
    • $3,000,000
      0.59 Acres

      Turnkey Restaurant Opportunity in Stuart

      Profitable restaurant, speakeasy, and liquor license included in sale.
      514 NW Dixie Hwy, Stuart, FL 34994
      View Details
    • $469,900
      703 SF

      New Office Space in Stuart

      Premium office space in waterfront luxury condominium, Stuart, Florida.
      41 SW Seminole St, Stuart, FL 34994
      View Details
    • $1,299,000
      2,184 SF

      Stuart Office Space For Sale

      Office space available in Stuart, Florida.
      101 SE Martin Luther King Jr Blvd, Stuart, FL 34994
      View Details
    • New
      $1,900,000
      0.36 Acres

      Renovated Multi-Use Commercial Property

      Renovated multi-use property with flexible layout in Stuart, Florida.
      416 SE Flamingo Ave, Stuart, FL 34996
      View Details
    • $299,990

      Versatile Commercial Space in Stuart

      Adaptable commercial property suitable for retail, office, or showroom use.
      Stuart, FL 34994
      View Details
    • $950,000
      0.31 Acres

      Stuart Commercial/Industrial Opportunity For Sale

      Versatile commercial space in central Stuart location with flexible layout.
      3173 SE Railroad Ave, Stuart, FL 34997
      View Details
    • Contact for pricing
      703 SF

      Premium Office Space in Stuart

      Waterfront luxury condominium office space in the heart of Stuart.
      41 SW Seminole St, Stuart, FL 34994
      View Details
    • $3,699,999
      0.52 Acres

      Waterfront Parcel in Manatee Pocket

      Rare waterfront property with direct Intracoastal and ocean access.
      4345 SE Mulford Ln, Stuart, FL 34997
      View Details
    • $7,250,000
      1.12 Acres

      Waterfront Property in Downtown Stuart

      Rare waterfront property with redevelopment potential in downtown Stuart, Florida.
      221 SE Osceola St, Stuart, FL 34994
      View Details
    • $599,900
      0.03 Acres

      Office Condo in Willoughby Center

      Centrally located office condo with rental income potential.
      2682 SE Willoughby Blvd, Stuart, FL 34994
      View Details
    • New
      $598,800
      1,109 SF

      Stuart Duplex with Rental Income

      CBS duplex built in 2007 with month-to-month tenants.
      2593 SE Indian St, Stuart, FL 34997
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 28-Unit Development Opportunity in Florida
    Where is this multifamily property located?
    The property is located at Kanner Hwy Stuart, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Mixed-Use Zoning: Allows for both office and residential development.; Prime Location: Excellent accessibility and visibility.; High-Density Potential: Supports significant building density.
    (772) 286-6292 Call to check price and availability
    Request Owner's contact information
    Kanner Hwy Stuart, FL 34997
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Kanner Hwy
    Stuart, FL 34997
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Kanner Hwy Stuart, FL 34997
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nikolaus Schroth
    Nikolaus Schroth
    Real Estate License ID: BK3157525
    (772) 286-6292 (772) 403-3752
    Learn more
    Google sign-in failed. Please try again or use another login method.