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    2284 Federal Hwy Stuart, FL 34994-4554
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    Property profile & analytics

    2284 Federal Hwy, Stuart, FL 34994-4554

    View on Map
    • Drug stores
    • 12,366 SF
    • 1.57 lot acres
    Off-Market
    Property ID
    US18-4239211
    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.
    Value Estimations
    $3,440,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CDReload - Online Bitcoin ATM / Currency Exchange Service / Money Transfer Service
    • CVS / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service
    • CVS Pharmacy / Pharmacy

    Property Details for 2284 Federal Hwy

    Year built
    2002
    Lot size
    1.57 lot acres
    Property type
    Drug stores
    APN
    09-38-41-024-000-00050-0
    APU
    93841024000000500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 13, 2015 $5,200,000 Biscayne Monterey LLC Evburt LLC Grant Deed —
    Nov 29, 2006 $4,815,000 Evburt LLC W G Lassiter JR Special Warranty Deed $2.5M · Cwcapital LLC
    Nov 7, 2003 $3,975,000 Lassiter W G Stuart Us 2 LLC Grant Deed —
    Sep 28, 2001 $1,325,700 Stuart U S 2 LLC Fairview Properties INC Grant Deed $2.4M · Southtrust Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,790,000
      6.5%
      $3,500,000
      7%
      $3,250,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,320,000
      Current use
      COMMERCIAL (GENERAL)
      $3,030,000
      Change: -9% Conversion: Easy
      MEDICAL BUILDING
      $2,945,000
      Change: -11% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,715,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.237
    Latitude
    27.1772
    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
    $59,079
    $1,503,060
    $1,695,370
    $3,198,430
    -
    $1,503,060
    $1,695,370
    $3,198,430

    Comparable in this City

    • Value Estimation
      $2,555,000
      15,109 SF

      3180 Federal Hwy

      DRUG STORE, PHARMACY
      3180 Federal Hwy, Stuart, FL 34994-5531
      View Details
    • Value Estimation
      $5,310,000
      14,557 SF

      2651 Federal Hwy

      DRUG STORE, PHARMACY
      2651 Federal Hwy, Stuart, FL 34994-9317
      View Details
    • Value Estimation
      $910,000
      6,000 SF

      197 Monterey Rd

      RETAIL STORES (PERSONAL SERVICES)
      197 Monterey Rd, Stuart, FL 34994-4472
      View Details
    • Value Estimation
      $4,365,000
      34,257 SF

      1421 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES)
      1421 Federal Hwy, Stuart, FL 34994-3905
      View Details
    • Value Estimation
      $2,315,000
      72,617 SF

      815 Colorado Ave

      FINANCIAL BUILDING
      815 Colorado Ave, Stuart, FL 34994-3053
      View Details
    • Value Estimation
      $755,000
      3,720 SF

      2275 Kanner Hwy

      RETAIL STORES (PERSONAL SERVICES)
      2275 Kanner Hwy, Stuart, FL 34994-4619
      View Details

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    • Contact for pricing
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      Freestanding Building with Showroom Space

      Freestanding building featuring showroom and warehouse space for sale.
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      2,285 SF

      Boutique Shops in Downtown Stuart

      Fully leased boutique shops in historic Downtown Stuart, Florida.
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      3,046 SF

      Retail Space in Stuart, Florida

      Retail space available for lease in Stuart, Florida.
      726 Sw Federal Hwy, Stuart, FL 34994
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    • Contact for pricing
      8,114 SF

      101 SW Ocean Boulevard, Stuart, FL 34994

      Mixed-use properties
      101 SW Ocean Blvd, Stuart, FL 34994
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    Similar Nearby for Lease

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      4,000 SF

      Retail Space in Martin Square

      Retail space for lease in community shopping center.
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      View Details
    • Contact for pricing
      3,800 SF

      Retail Space in Stuart Center

      Retail space in a newly renovated, Publix-anchored shopping center.
      730-746 SW Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space For Rent

      Retail space available for lease in Stuart, Florida.
      1823-1855 SE Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      12,150 SF

      Retail Space in Stuart Center

      Retail space for lease in a newly renovated shopping center.
      790-894 SW Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      3,368 SF

      Retail Center on Federal Highway

      Retail and office spaces in Stuart's iconic lifestyle center.
      920 SE Federal Hwy, Stuart, FL 34994
      View Details
    • $2,900 /Mo

      Retail/Office Space in Downtown Stuart

      Retail or office space with high exposure in downtown Stuart.
      38 SE Ocean Blvd, Stuart, FL 34994
      View Details
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    Stuart, FL 34994-4554
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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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