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    Property profile & analytics

    2400 Federal Hwy Stuart, FL 34994

    • Community centers
    • 111,551 SF
    • 11.59 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Mar 06, 2025
    $28,250,000
    Value Estimations
    $22,800,000
    Cap Rate Potential
    7.3%
    Community centers
    Location Intelligence
    Property ID
    US18-4908114
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Truist / Mortgage Lender / Atm
    • William A. Hill, MS / Nutritionist
    • Chuck E. Cheese / Amusement Center / Pizza Restaurant
    • SunTrust Mortgage / Mortgage Lender / Atm
    • Samantha Jeanpierre / Counselor

    Property Details for 2400 Federal Hwy

    Year built
    1998
    Lot size
    11.59 lot acres
    Property size
    111,551 SF
    Property type
    Community centers
    APN
    19-37-41-000-000-00540-3
    APU
    193741000000005403

    Description

    This well-established four-story office building, located at 2400 SE Federal Hwy in Stuart, Florida (zip code 34994), offers multiple tenancy options within a total of 34,926 square feet. Two suites are currently available, ranging in size from 894 to 1,674 square feet. The building is situated on a main intersection, providing excellent visibility and accessibility. The property boasts a multi-story parking garage, ensuring ample parking for tenants and visitors. Security guard monitoring is in place for added peace of mind. The building is zoned B-2, making it suitable for a variety of professional businesses. This prime location in Martin County, Florida offers a thriving business environment and convenient access to local amenities. The building's modern design and secure parking make it an attractive option for businesses seeking a professional and convenient workspace. The available suites provide flexible space options to accommodate various business needs. Interested parties are encouraged to inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,500,000
      ML approach
      $20,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $24,900,000
      6.5%
      $22,985,000
      7%
      $21,340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,302,000
      Market price range: $12.9M - $20.5M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $16,305,000
      Current use
      RETAIL STORES
      $29,955,000
      Change: +84% Conversion: Easy
      COMMERCIAL (GENERAL)
      $27,330,000
      Change: +68% Conversion: Easy
      MEDICAL BUILDING
      $26,575,000
      Change: +63% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $24,505,000
      Change: +50% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2699
    Latitude
    27.2354
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $212,190
    $5,046,500
    $7,668,990
    $12,715,490
    -
    $5,046,500
    $7,668,990
    $12,715,490

    Comparable in this City

    • Value Estimation
      $1,170,000
      8,788 SF

      37 Flagler Ave, Unit 47

      MINI-MALL • 8,788 SF
      37 Flagler Ave, Stuart, FL 34994-2140
      View Details
    • Value Estimation
      $16,850,000
      179,498 SF

      900 Central Pkwy

      MINI-MALL • 179,498 SF
      900 Central Pkwy, Stuart, FL 34994-3903
      View Details
    • Value Estimation
      $28,000,000
      305,467 SF

      2930 Federal Hwy

      MINI-MALL • 305,467 SF
      2930 Federal Hwy, Stuart, FL 34994-5740
      View Details
    • Value Estimation
      $17,475,000
      170,807 SF

      2410 Federal Hwy

      MINI-MALL • 170,807 SF
      2410 Federal Hwy, Stuart, FL 34994-4531
      View Details
    • Value Estimation
      $3,340,000
      33,742 SF

      1520 Federal Hwy

      MINI-MALL • 33,742 SF
      1520 Federal Hwy, Stuart, FL 34994-1038
      View Details
    • Value Estimation
      $1,095,000
      9,386 SF

      2766 Federal Hwy

      MINI-MALL • 9,386 SF
      2766 Federal Hwy, Stuart, FL 34994-4537
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Prime Land Near Costco, Stuart

      High-visibility land parcel adjacent to Costco in rapidly growing area.
      S Kanner Hwy, Stuart, FL 34994
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    • $6,250,000
      15,082 SF

      Boutique Shops in Downtown Stuart

      Fully leased boutique shops in historic Downtown Stuart, Florida.
      13-31 SW Osceola St, Stuart, FL 34994
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    • $7,490,593
      16,515 SF

      New Strip Center For Sale

      Newly constructed strip center with tenants and long-term leases.
      2600 Se Federal Hwy, Stuart, FL 34994
      View Details
    • $1,395,000
      1,200 SF

      Freestanding Retail Building on US-1

      1,200 SF retail building with high visibility on US-1.
      2095 NW Federal Hwy, 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
    • $299,990

      Versatile Commercial Space in Stuart

      Adaptable commercial property suitable for retail, office, or showroom use.
      Stuart, FL 34994
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      77,741 SF

      Stuart Square Shopping Center

      Prime Retail Space Available in Stuart, FL
      900-2260 Federal Hwy, Stuart, FL 34994
      View Details
    • $29 SF/Yr
      1,513 SF

      Retail Space in Stuart, FL

      Exceptional retail space in high-traffic Stuart location.
      2837-2843 NW Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Martin Square

      Retail space for lease in community shopping center.
      3010-3150 SE Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      750 SF

      Retail Space on US-1 Frontage

      Retail spaces available in Stuart, FL, on US-1.
      5551-5577 SE Federal Hwy, Stuart, FL 34994
      View Details
    • $25 SF/Yr
      2,160 SF

      Renovated End Cap Restaurant Space

      End-cap restaurant space in a newly renovated shopping center.
      5803-5941 Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      630 SF

      Retail Space in Stuart Center

      Retail space in a newly renovated, Publix-anchored shopping center.
      730-746 SW Federal Hwy, Stuart, FL 34994
      View Details
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    2400 Federal Hwy
    Stuart, FL 34994
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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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