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    Property profile & analytics

    1625 Martin Hwy Palm City, FL 34990-3369

    • Medical offices
    • 6,240 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    $855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4491577
    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

    • Martin Downs Animal Hospital / Veterinary Clinic

    Property Details for 1625 Martin Hwy

    Year built
    2002
    Lot size
    0.79 lot acres
    Property size
    6,240 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    18-38-41-000-000-00042-6
    APU
    183841000000000426

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,169,000
      Market price range: $884k - $1.78M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,420,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm City
    County
    Martin
    State
    Florida
    Longitude
    -80.2749
    Latitude
    27.1616
    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
    $14,154
    $351,890
    $557,000
    $908,890
    -
    $351,890
    $557,000
    $908,890

    Comparable in this City

    • Value Estimation
      $770,000
      3,380 SF

      1201 Sunset Trl

      MEDICAL BUILDING • 3,380 SF
      1201 Sunset Trl, Palm City, FL 34990-3342
      View Details
    • Value Estimation
      $610,000
      4,752 SF

      3080 Mapp Rd

      MEDICAL BUILDING • 4,752 SF
      3080 Mapp Rd, Palm City, FL 34990
      View Details
    • Value Estimation
      $515,000
      3,055 SF

      2806 Mapp Rd

      MEDICAL BUILDING • 3,055 SF
      2806 Mapp Rd, Palm City, FL 34990-2722
      View Details
    • Value Estimation
      $2,050,000
      13,846 SF

      3090 Mapp Rd

      MEDICAL BUILDING • 13,846 SF
      3090 Mapp Rd, Palm City, FL 34990-3329
      View Details
    • Value Estimation by Request
      6,000 SF

      3377 Mapp Rd

      Medical offices • 6,000 SF
      3377 Mapp Rd, Palm City, FL 34990
      View Details
    • Value Estimation
      $1,140,000
      51,491 SF

      2505 Martin Hwy

      HOMES (RETIRED, NURSING) • 51,491 SF
      2505 Martin Hwy, Palm City, FL 34990-3149
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.50 Acres

      Prime I-95 Commercial Land

      4.5-7.8 Acres, Palm City, FL
      & I-95 Martin Hwy, Palm City, FL 34990
      View Details
    • $2,000,000
      20.50 Acres

      Palm City Residential Land Development

      20.5 Acres, Prime Location, $2M
      0 Parkside Dr, Palm City, FL 34990
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    • $2,500,000

      19.25 Acres Near I-95

      19.25 acres of agricultural land, zoned Ag Ranchette.
      4496 SW 96Th St, Palm City, FL 34990
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    • $198,500
      Pending

      Vacant Lot in Palm City

      Prime .25-acre lot in desirable Seagate Harbor community.
      532 SW Marion Ct, Palm City, FL 34990
      View Details
    • New
      $270,000
      Pending

      Charming Home in The Meadows

      2 bedroom, 2 bath home in sought after community.
      1559 SW Waterfall Blvd, Palm City, FL 34990
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    • New
      $1,200,000
      10.00 Acres

      Palm City Residential Land Opportunity

      10 acres of residential land in Palm City, Florida.
      000 54Th Ave, Palm City, FL 34990
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      20,380 SF

      Upscale Office Space in Palm City

      Professional office space with convenient access and high-end amenities.
      3660 Southwest 30Th Ave, Palm City, FL 34990
      View Details
    • $20 SF/Yr
      9,412 SF

      Prime Corner Office Suite

      High-visibility office space in Palm City's commercial district.
      1025 SW Martin Downs Blvd, Palm City, FL 34990
      View Details
    • $17 SF/Yr
      3,000 SF

      Flex Space Available For Rent

      Showroom/office/warehouse flex space with convenient highway access.
      1270 SW 34Th St, Palm City, FL 34990
      View Details
    • $800 /Mo
      100 SF

      Furnished Office Suite For Rent

      Furnished 100 SF office suite with utilities included.
      1105 SW Martin Downs Blvd, Palm City, FL 34990
      View Details
    • $40 SF/Yr
      3,000 SF

      Prime Palm City Office Space

      3,000 sq ft Office, Single Tenant
      2740 Mapp Rd, Palm City, FL 34990
      View Details
    • $45 SF/Yr
      774 SF

      Palm City Office Space Available

      Office space available for lease in Palm City, Florida.
      945 SW Martin Downs Blvd, Palm City, FL 34990
      View Details
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    1625 Martin Hwy
    Palm City, FL 34990-3369
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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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