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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Warehouses
1525 Luckhardt St Stuart, FL 34994-5758
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1990356
Property summary
AI-generated overview
This exceptional 4,000 square foot storefront warehouse showroom in Stuart, Florida, presents a compelling investment opportunity. Built in 2001, the single-story building sits on a 0.82-acre lot and boasts a metal roof, providing durability and low maintenance. The property features ample parking and dual entry points for convenient access, further enhanced by a prominent monument sign ensuring high visibility. Currently leased to a single tenant, this property offers a stable income stream. Zoned B-1, the versatile zoning allows for a wide range of commercial uses. The strategic location, surrounded by established national and local retailers on 1525 SE Luckhardt St, Stuart, FL 34994, guarantees high pedestrian traffic and strong potential for future growth. The property also includes a fenced rear perimeter, offering added security and privacy. The asking price is $875,000, translating to $218.75 per square foot. The Martin County property (APN: 38-38-41-006-000-00051-0) offers a rare combination of location, functionality, and income potential, making it an ideal addition to any investment portfolio.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
4,000 SF
Lot
0.82 ac (35,806 SF)
APN
38-38-41-006-000-00051-0
UPID
US18-1990356
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
Current use
Occupant on record · Public records
-
Aquatic N Exotic Inc. (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$740k
Owner & transaction history
Robert E Waskiewicz · 1 yrs held
Robert E Waskiewicz
since 2025
Last sale
$820,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+120.4%
Commercial (general)
$980,000
+101.0%
Medical building
$955,000
+95.5%
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 Stuart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stuart 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
$625,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$485,000
Current use
RETAIL STORES
$1,075,000
Change: +120% · Conversion: Moderate
COMMERCIAL (GENERAL)
$980,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$955,000
Change: +95% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$585,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $820k (Feb 5 2025)
Last sale anchor
$820k
Feb 5 2025
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
$185 / 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
$8,432
Tax year 2023
Assessed value
$455,950
Assessed 2023
Previous assessed
$407,590
+11.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$143,160
Assessed improvement
$312,790
Land market value
$143,160
Improvement market value
$312,790
Total market value
$455,950
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Rooms
1
Bathrooms
2
Total area
4,000 SF
Lot
0.82 ac (35,806 SF)
APN
38-38-41-006-000-00051-0
UPID
US18-1990356
Jurisdiction
MARTIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$485,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$980,000
MEDICAL BUILDING
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$585,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Robert E Waskiewicz
Individual
Free & Clear · 1 yrs held
Mailing address
5701 SW SUNSHINE FARMS WAY, PALM CITY, FL 34990-5608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
$820,000
Robert E Waskiewicz
Don R Manell JR
Warranty Deed
—
Feb 11, 2020
$475,000
Don R Mancil JR.
Katcar INC
Warranty Deed
—
—
—
Katcar INC
—
Deed Of Trust
related
$179,917 · Fidelity Federal Bank & Trust
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.
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