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    1000 Monterey Commons Blvd Stuart, FL 34996

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    1000 Monterey Commons Blvd Stuart, FL 34996

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    • Office properties & Spaces
    • 30,051 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CBA Maintenance / Corporate Office
    • Beach Boy Carpentry Inc. / General Contractor
    • Dultmeier Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Matthew W. Petrovic, DC DNM / Alternative Medicine Practice
    • Danielle Kassella / Physician

    Property Details for 1000 Monterey Commons Blvd

    Year built
    2005
    Property size
    30,051 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional Class A office property, located at 1000 SE Monterey Commons Blvd in Stuart, Florida, 34996, offers multiple suites ranging from 1,072 to 4,316 square feet. Built in 2005, this 30,051 square foot building boasts a prime location in Stuart's business corridor, surrounded by prestigious tenants including Northern Trust Bank, Merrill Lynch, and others. The property features a Mediterranean architectural style with landscaped walkways, travertine marble lobbies, and ample natural light in most suites. The building is meticulously maintained, showcasing pride of ownership in its landscaping and overall condition. Currently, 842 square feet are vacant. The property is zoned CPUD - Commercial Planned Unit Development and offers a warm, professional working environment. On-site management ensures efficient operations. This is an excellent opportunity for businesses seeking a high-quality, well-maintained office space in a thriving business community. The building's amenities include covered canopied entrances and impact glass windows.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2222
    Latitude
    27.1932

    Comparable in this City

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      37,580 SF

      1002 Monterey Commons Blvd

      Office Units • 37,580 SF
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      40,195 SF

      2425-2483 Dixie Hwy Stuart

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      21,200 SF

      800 Monterey Commons Blvd

      Office Units • 21,200 SF
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      3725-3727 Ocean Blvd

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    • Value Estimation
      $12,675,000
      77,225 SF

      1200 10th St

      OFFICE (GENERAL) • 77,225 SF
      1200 10th St, Stuart, FL 34996-4105
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    • Value Estimation
      $6,135,000
      36,288 SF

      3725 Ocean Blvd

      OFFICE (GENERAL) • 36,288 SF
      3725 Ocean Blvd, Stuart, FL 34996-6715
      View Details

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    Similar Nearby for Lease

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      Sewall's Point Office Suites

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    • $18 SF/Yr
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      Medical Office Sublease Opportunity

      Sublease opportunity near Cleveland Clinic with shared amenities.
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      Office Space in Stuart, FL

      Office space available for lease in Stuart, Florida.
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      Executive Suites For Rent

      Upscale executive suites available for rent near Downtown Stuart.
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      834 SF

      Stuart Office Space For Rent

      Office space in Stuart's business corridor, Martin County.
      1000-1002 SE Monterey Commons Blvd, Stuart, FL 34996
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      2,025 SF

      Office Space on Ocean Boulevard

      Office space for lease near Cleveland Clinic Martin North.
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    Stuart, FL 34996
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    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
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