Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$72,860,000
Hospitals
10000 Innovation Way Port Saint Lucie, FL 34987-2111
Individually Owned
14-yr Hold
Free & Clear
Property ID
US18-6100122
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2013
Construction
BRICK
Total area
299,006 SF
Lot
20.15 ac (877,790 SF)
Zoning code
MASTER PLA
APN
4315-501-0004-000-5
UPID
US18-6100122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$83.69M
Blend (final)
Blend
$72.86M
Owner & transaction history
Martin Memorial Medical Center · 14 yrs held
Martin Memorial Medical Center
since 2011
7 recorded transactions
Zoning & alternative use
MASTER PLA · Port Saint Lucie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$78.3M
+38.0%
Neighborhood: shopping center
$67.5M
+19.0%
Retail stores
$60.4M
+6.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Saint Lucie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Saint Lucie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$56,715,000
Current use
AUTO REPAIR, GARAGE
$78,255,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$67,485,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$60,350,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$53,245,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$72.86M
Range $65.57M – $80.15M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$244 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$251,421
Tax year 2023
Assessed value
$69,865,600
Assessed 2023
Previous assessed
$69,775,200
+0.1% YoY
Effective rate
0.36%
On assessed value
Assessed land
$5,796,800
Assessed improvement
$64,068,800
Land market value
$5,796,800
Improvement market value
$64,068,800
Total market value
$69,865,600
Applied tax rate
9,341.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2013
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
9
Total area
299,006 SF
Lot
20.15 ac (877,790 SF)
Zoning code
MASTER PLA
APN
4315-501-0004-000-5
UPID
US18-6100122
Jurisdiction
ST LUCIE
Zoning & alternative use
MASTER PLA · Port Saint Lucie, FL
Zoning MASTER PLA · permitted uses
MASTER PLA · Port Saint Lucie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Saint Lucie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$56.7M
AUTO REPAIR, GARAGE
Est. value
$78.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$67.5M
RETAIL STORES
Est. value
$60.4M
OFFICE BUILDING
Est. value
$53.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
9
Buildings
2
Lot
20.15 ac
Current owner
From public records · entity-resolved
Martin Memorial Medical Center
Individual
Free & Clear · 14 yrs held
Mailing address
9500 EUCLID AVEHS120, CLEVELAND, OH 44195-0001
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2012
—
Martin Memorial Medical Center
—
Deed Of Trust
related
$218,903,333 · Bank Of Ny Mellon Trust Co (te
Feb 1, 2012
—
Martin Memorial Medical Center
—
Deed Of Trust
related
$91,998,333 · Bank Of Ny Mellon
Oct 20, 2011
—
Martin Memorial Medical Center
Martin Memorial Acquisition Ll
Quit Claim Deed
—
Oct 6, 2011
—
Tradition Commerical Assn INC
Martin Memorial Acquisition Ll
Grant Deed
related
—
Dec 29, 2006
—
Martin Memorial Acquisition Ll
Horizons St Lucie Dev LLC
Grant Deed
related
—
—
—
Martin Mem Medical Center INC
—
Loan Modification
related
$105,000,000 · * Other Institutional Lenders
—
—
Martin Memorial Medical Center
—
Deed Of Trust
related
$218,433,686 · Bank Of Ny Mellon (te)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10000 Innovation Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
