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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Retail space
1850 Federal Hwy Stuart, FL 34994-9627
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-7238463
Property summary
AI-generated overview
This exceptional 0.65-acre commercial land parcel presents a unique opportunity for development in the thriving city of Stuart, Florida. Located at 1850 NW Federal Highway in Martin County, this single-tenant site offers significant potential for various commercial ventures. The property's convenient location provides easy access to major roadways, ensuring high visibility and accessibility for businesses. The zoning (not specified in provided data) allows for a range of commercial uses, making it an ideal investment for entrepreneurs and developers alike. With its sizable lot size, this property offers ample space for construction of a new building or expansion of an existing operation. The land is currently available for ground lease, providing a flexible and potentially cost-effective option for businesses seeking a strategic location in a rapidly growing market. The address is 1850 NW Federal Highway, Stuart, FL 34994. This property is situated in Martin County, Florida, offering a desirable location within a vibrant community. The 0.65 acres provide a substantial footprint for a variety of commercial projects. Serious inquiries are encouraged to explore the possibilities this prime commercial land offers. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to secure a prominent location in Stuart's dynamic commercial landscape.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
11,700 SF
Lot
2.57 ac (111,819 SF)
APN
29-37-41-004-002-00110-4
UPID
US18-7238463
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
-
Rooms To Go Patio Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.31M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$2.55M
Owner & transaction history
Florida Patio Partners LLC · 7 yrs held
Florida Patio Partners LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,585,000
6.5%
$3,310,000
7%
$3,075,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,140,000
Current use
COMMERCIAL (GENERAL)
$2,865,000
Change: -9% · Conversion: Easy
MEDICAL BUILDING
$2,785,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,570,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±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
$218 / 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
$50,510
Tax year 2023
Assessed value
$2,815,720
Assessed 2023
Previous assessed
$2,448,800
+15.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,120,800
Assessed improvement
$1,694,920
Land market value
$1,120,800
Improvement market value
$1,694,920
Total market value
$2,815,720
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,700 SF
Lot
2.57 ac (111,819 SF)
APN
29-37-41-004-002-00110-4
UPID
US18-7238463
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
RETAIL STORES Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2020
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.57 ac
Current owner
From public records · entity-resolved
Florida Patio Partners LLC
Entity
Free & Clear · 7 yrs held
Mailing address
400 PERIMETER CTR TER NE STE #800, ATLANTA, GA 30346-1235
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
$1,450,000
Florida Patio Partners LLC
Kornbluh,alan M
Grant Deed
—
Dec 28, 2018
—
Treasure Coast Manager LLC
—
Deed
related
$1,900,000 · Anchor Com'l Bk
Mar 22, 2017
—
Margo Rausenberger
Rausenberger,margo
Quit Claim Deed
related
—
May 22, 2006
—
Kornbluh Alan M Trust
Kornbluh,alan
Quit Claim Deed
related
—
—
—
Treasure Coast Manager LLC
—
Deed Of Trust
related
$1,900,000 · Anchor Com'l Bk
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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