Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1002 Monterey Commons Blvd Stuart, FL 34996
    Property profile & analytics

    1002 Monterey Commons Blvd, Stuart, FL 34996

    View on Map
    • Office Spaces
    • 37,580 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wright, Ponsoldt, & Lozeau Trial Attorneys, L.L.P. / Law Firm
    • Northwestern Mutual / Financial Advisor
    • Ponsoldt Jr William R / Law Firm
    • Terra Firma Realty Group / Real Estate Agency
    • Business Development Board of Martin County / Business Service Center

    Property Details for 1002 Monterey Commons Blvd

    Year built
    2005
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This prestigious Stuart, FL office complex offers 13,168 square feet of immediately available Class A executive office space in two buildings, built in 2005 and 1999, with a third building constructed in 1995. The property boasts a total of 37,580 square feet, with suites ranging from 938 to 8,944 contiguous square feet, perfect for multiple tenants. Located in the heart of Stuart's business corridor, this campus-like setting features classic Mediterranean architecture, lush landscaping, and ample parking. The buildings are meticulously maintained, showcasing high-quality finishes including travertine marble lobbies, interior stairwells with iron balusters and oak handrails, and impact glass windows. The property benefits from a prime location amongst established professional firms, including major banks and law firms. Many suites offer abundant natural light. On-site management ensures efficient operations and responsive maintenance. The zoning allows for commercial, business, and professional uses (CPUD). This exceptional property presents a unique opportunity for businesses seeking a sophisticated and well-maintained office environment in a thriving business district.

    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
    -80.2221
    Latitude
    27.1926

    Comparable in this City

    • Value Estimation by Request
      30,051 SF

      1000 Monterey Commons Blvd

      Office Units
      1000 Monterey Commons Blvd, Stuart, FL 34996
      View Details
    • Value Estimation by Request
      21,200 SF

      800 Monterey Commons Blvd

      Office Units
      800 Monterey Commons Blvd, Stuart, FL 34996
      View Details
    • Value Estimation by Request
      19,602 SF

      3725-3727 Ocean Blvd

      Medical Office Space
      3725-3727 Ocean Blvd, Sewall's Point, FL 34996
      View Details
    • Value Estimation by Request
      40,195 SF

      2425-2483 Dixie Hwy Stuart

      Office Units
      2425-2483 Dixie Hwy Stuart, Stuart, FL 34996
      View Details
    • Value Estimation
      $12,675,000
      77,225 SF

      1200 10th St

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

      3725 Ocean Blvd

      OFFICE (GENERAL)
      3725 Ocean Blvd, Stuart, FL 34996-6715
      View Details

    Similar Nearby for Sale

    • $429,000
      1,472 SF

      Oceanfront Stuart Office Space

      Prime Office, Sewalls Point, 1472 sq ft
      3601 Ocean Blvd, Stuart, FL 34996
      View Details
    • New
      $1,750,000
      Pending

      Renovated Multi-Use Commercial Property

      Renovated multi-use building with flexible layout for various uses.
      416 SE Flamingo Ave, Stuart, FL 34996
      View Details
    • Contact for pricing
      4,916 SF

      Stuart Office Building For Sale

      Office building with 4,916 square feet of space.
      1115 SE Ocean Blvd, Stuart, FL 34996
      View Details
    • Contact for pricing
      14,318 SF

      Premier Class A Office Building

      Multi-tenant office building in Stuart's business district with cash flow.
      2300 SE Monterey Rd, Stuart, FL 34996
      View Details
    • $550,000
      0.28 Acres

      Residential Lot on Hutchinson Island

      Rare residential building lot near beaches and Indian River.
      5237 NE Shore Village Ter, Stuart, FL 34996
      View Details
    • $2,150,000
      0.97 Acres

      Oversized Waterfront Lot in Sewalls

      Large lot with dock on the Indian River.
      36 S Sewalls Point Rd, Sewalls Point, FL 34996
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      202 SF

      Executive Suites For Rent

      Upscale executive suites available for rent near Downtown Stuart.
      2081 SE Ocean Blvd, Stuart, FL 34996
      View Details
    • Contact for pricing
      150 SF

      Office Space in Stuart, FL

      Office space available for lease in Stuart, Florida.
      2300 SE Monterey Rd, Stuart, FL 34996
      View Details
    • Contact for pricing

      Sewall's Point Office Suites

      Office suites in a convenient, professional environment near amenities.
      3725-3727 SE Ocean Blvd, Sewalls Point, FL 34996
      View Details
    • Contact for pricing
      1,500 SF

      Medical Office Sublease Opportunity

      Sublease opportunity near Cleveland Clinic with shared amenities.
      1001 SE Monterey Commons Blvd, Stuart, FL 34996
      View Details
    • Contact for pricing
      753 SF

      Stuart Office Space For Rent

      Office space in Stuart's business corridor, Martin County.
      1000-1002 SE Monterey Commons Blvd, Stuart, FL 34996
      View Details
    • Contact for pricing
      10,002 SF

      Office Space on Ocean Boulevard

      Office space for lease near Cleveland Clinic Martin North.
      2300-2396 SE Ocean Blvd, Stuart, FL 34996
      View Details
    Request Owner's contact information
    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.
    1002 Monterey Commons Blvd
    Stuart, FL 34996
    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
    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

    Thank You for Inquiry
    1002 Monterey Commons Blvd, Stuart, FL, 34996
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!