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Property profile & analytics
OFF-MARKET
Hotels

120 SE Martin Luther King Jr Blvd Stuart, FL 34994

4,200 SF Built 2027
Entity Owned 4-yr Hold
Property ID
US18-5754789
Property summary
AI-generated overview

MICRO Hotel on bruner pond located at the intersection of MLK Jr Blvd & Dixie Hwy adjacent to Bruner Pond Park, in The Creek District of Arts & Entertainment District. Across the street from the newly announced Brightline Stuart Train Station, MARTIN COUNTY FEDERAL GRANT PENDING estimated completion date for the train station is 2026, NO NEW COMPLETION DATE ANNOUNCED. The proposed second building on Parcel 1 has an additional 28 rooms with efficiency kitchens estimated completion 2028. The first building in the MICRO Hotel development is underway at 704 SE Dixie Highway. Hotel amenities consist of a rooftop permaculture garden and ground floor Open Air Art Gallery called Arfarm. Artfarm is currently accepting leasing for non-profits, start up businesses, artists, vendors, and food trucks. ArtFarm will remain the main theme in the final hotel amenity, currently owned by Underground Gigs, Inc.

Property profile
Verified
Property type Hotels
Year built 2027
Total area 4,200 SF
UPID US18-5754789
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
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Paak Stuart LLC · 4 yrs held
Paak Stuart LLC
since 2021
1 recorded transaction
2021
$630,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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