New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Medical Office Space
1980 Ocean Blvd, Stuart, FL 34996-3302
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4239308
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Total area
14,055 SF
Lot
0.56 ac (24,394 SF)
APN
03-38-41-037-000-00010-3
UPID
US18-4239308
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
-
Dr. Roger J. Nicosia Jr, DO Pediatrician Physician
-
Roger Nicosia Pediatrician Physician
-
Kristen Mcintyre Physician
-
Michael Depalma Physician
-
Physician Care Centers - Ocean Blvd Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$2.96M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.42M
Owner & transaction history
Lori Jean Brown · 3 yrs held
Lori Jean Brown
since 2022
Last sale
$2.5M
6 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
$1,980,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
$3,205,000
6.5%
$2,960,000
7%
$2,745,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,350,000
Current use
RETAIL STORES
$3,295,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,210,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.42M
Range $2.17M – $2.66M · ±10% · vs last sale $2.50M (Nov 21 2022)
Last sale anchor
$2.50M
Nov 21 2022
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
$172 / 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
$38,009
Tax year 2023
Assessed value
$2,047,200
Assessed 2023
Previous assessed
$1,543,415
+32.6% YoY
Effective rate
1.86%
On assessed value
Assessed land
$195,100
Assessed improvement
$1,852,100
Land market value
$195,100
Improvement market value
$1,852,100
Total market value
$2,047,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Heating
NONE
Cooling
YES
Stories
1
Rooms
1
Bathrooms
8
Total area
14,055 SF
Lot
0.56 ac (24,394 SF)
APN
03-38-41-037-000-00010-3
UPID
US18-4239308
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
MEDICAL BUILDING Current
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (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
1959
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
8
Lot
0.56 ac
Current owner
From public records · entity-resolved
Lori Jean Brown
Individual
Mailing address
1629 SW COLLEGE ST, STUART, FL 34997-7053
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
—
Lori Jean Brown
Lori Jean Brown
Intrafamily Transfer
related
—
Mar 18, 2022
$2,500,000
Jean Brown
Oceanside Medical Plaza LLC
Warranty Deed
—
Jan 28, 2019
—
Oceanside Medical Plaza LLC
—
Deed
related
$399,276 · First Citizens Bank & Trust Co
Sep 1, 2016
$1,425,000
Oceanside Medical Plaza LLC
Martin County Office Plaza LLC
Warranty Deed
$1,211,250 · First Citizens Bank & Trust Co
—
—
Martin County Office Plaza LLC
—
Deed Of Trust
related
$2,500,000 · Gulfstream Business Bank
—
—
Wayne R Kremser
—
Deed Of Trust
related
$2,650,000 · 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.
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 1980 Ocean Blvd?
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.
