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Property profile & analytics
OFF-MARKET
Estimated value
$8,750,000
Community centers
2300 Ocean Blvd, Stuart, FL 34996-3310
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-1032397
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1972
Total area
118,252 SF
Lot
11.29 ac (491,749 SF)
APN
03-38-41-000-000-00100-7
UPID
US18-1032397
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
-
Martin Memorial Family Care: Duong Raymond MD Physician
-
Jersey Mike's Take-out & Catering
-
The Fresh Market Specialty Food Shop
-
Ocean East Mall Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.75M
Owner & transaction history
Ocean East Capital Partners LLC · 3 yrs held
Ocean East Capital Partners LLC
since 2022
Last sale
$9.1M
3 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
$7,235,000
ML approach
$9,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,410,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.75M
Range $7.88M – $9.63M · ±10% · vs last sale $9.13M (Oct 25 2022)
Last sale anchor
$9.13M
Oct 25 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
$74 / 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
$157,856
Tax year 2023
Assessed value
$8,512,730
Assessed 2023
Previous assessed
$9,377,750
-9.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$2,360,330
Assessed improvement
$6,152,400
Land market value
$2,360,330
Improvement market value
$6,152,400
Total market value
$8,512,730
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1972
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
1
Total area
118,252 SF
Lot
11.29 ac (491,749 SF)
APN
03-38-41-000-000-00100-7
UPID
US18-1032397
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
Est. value
$14.4M
WAREHOUSE, STORAGE
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
1972
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Lot
11.29 ac
Current owner
From public records · entity-resolved
Ocean East Capital Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
151 N NOB HL RD #290, PLANTATION, FL 33324-1708
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
$9,127,700
Ocean East Capital Partners LLC
Ocean East Improvements LLC
Special Warranty Deed
—
Apr 4, 2002
$11,000,000
Ocean East Improvements LLC
Regency Ocean East Partnership
Grant Deed
related
$9,240,000 · J P Morgan Chase Bank
—
—
Ocean East Improvements LLC
—
Deed Of Trust
related
$8,075,103 · Bank Of America
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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