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

    Kanner Hwy Stuart, FL 34997

    • Apartment buildings
    • 1.36 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 0 Kanner Hwy

    Lot size
    1.36 lot acres
    Property type
    Apartment buildings

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.246
    Latitude
    27.1437

    Comparable in this City

    • Value Estimation
      $940,000
      3,954 SF

      4690 Summerland Pl

      APARTMENT HOUSE (5+ UNITS) • 3,954 SF
      4690 Summerland Pl, Stuart, FL 34997-8319
      View Details
    • Value Estimation by Request
      5,528 SF

      5122 Lisbon Cir

      APARTMENT HOUSE (5+ UNITS) • 5,528 SF
      5122 Lisbon Cir, Stuart, FL 34997-6703
      View Details
    • Value Estimation by Request
      1,440 SF

      4080 Georges Way

      APARTMENT HOUSE (5+ UNITS) • 1,440 SF
      4080 Georges Way, Stuart, FL 34997
      View Details
    • Value Estimation by Request
      43,904 SF

      Cv And Lee St

      Multifamily properties • 43,904 SF
      0 Cv And Lee St, Stuart, FL 34997
      View Details
    • Value Estimation by Request
      2,816 SF

      2898 Normand St

      APARTMENT HOUSE (5+ UNITS) • 2,816 SF
      2898 Normand St, Stuart, FL 34997-5113
      View Details
    • Value Estimation
      $630,000
      4,056 SF

      1829 Lcks Rd

      APARTMENT HOUSE (5+ UNITS) • 4,056 SF
      1829 Lcks Rd, Stuart, FL 34997-7934
      View Details

    Similar Nearby for Sale

    • $1,500,000
      1.36 Acres

      Prime Stuart Apartment Site

      28-Unit Development Opportunity in Florida
      0 Kanner Hwy, Stuart, FL 34997
      View Details
    • Contact for pricing

      Residential Property with Multiple Structures

      Residential property featuring a house, apartment, and garage spaces.
      1940 SE Salerno Rd, Stuart, FL 34997
      View Details
    • $449,000
      1,794 SF

      Stuart Duplex Investment Opportunity

      Full duplex in Stuart, Florida with long-term tenants.
      3303 SE Jefferson St, Stuart, FL 34997
      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
    • $549,000

      Income-Generating Duplex Near Downtown Stuart

      Well-maintained duplex in Stuart with leases in place through 2025.
      3300 SE Fairmont St, Stuart, FL 34997
      View Details
    • $999,900

      Stuart Duplex Investment Opportunity

      Four-unit income property near downtown Stuart and beaches.
      2621 SE Clayton St, Stuart, FL 34997
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,040 SF

      Double Flex Space Stuart, FL

      4,040 SF Flex Space, Available February 2025
      7814 Jack James Dr, Stuart, FL 34997
      View Details
    • $40 SF/Yr
      560 SF

      Railway Avenue Office Space

      Prime Single-Tenant Office, 560 sq ft
      4836 Railway Ave, Stuart, FL 34997
      View Details
    • $19 SF/Yr
      1,000 SF

      Industrial Space on Dixie Highway

      1,000 SF industrial space with renovated office in Stuart.
      3700-3776 SE Dixie Hwy, Stuart, FL 34997
      View Details
    • $7,500 /Mo

      Fenced Storage Lot with Office

      0.92-acre fenced storage lot with 986 SF office space.
      2201 SE Indian St, Stuart, FL 34997
      View Details
    • $29,750
      3,184 SF

      Showroom with Office Space

      Showroom with office space available for rent in Stuart.
      7995 SW Jack James Dr, Stuart, FL 34997
      View Details
    • $28 SF/Yr
      1,036 SF

      Stuart Office Space: Prime Location

      Move-in ready office, 1036 sq ft, Stuart, FL
      1241 Indian St, Stuart, FL 34997
      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.
    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
    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

    Google sign-in failed. Please try again or use another login method.