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Property profile & analytics
FOR SALE
Office Spaces
2300 SE Monterey Rd Stuart, FL 34996
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0388875
For Sale
1 / 50
$4,100,000
2300 SE Monterey Rd, Stuart, FL 34996
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Total area
14,318 SF
Lot
1.02 ac (44,431 SF)
APN
03-38-41-023-038-00100-0
UPID
US19-0388875
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
-
Fiorella Insurance Agency Insurance Agency
-
Fox McCluskey Bush Robison, PLLC Law Firm
-
Media Whiz LLC Advertising Agency Marketing & Advertising
-
Oceanside AME Medical Examiner
-
Clasen Melissa J Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.41M
Owner & transaction history
300 Sw Monterey LLC · 2 yrs held
300 Sw Monterey LLC
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+4.4%
Retail stores
$3.4M
+2.7%
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
$2,125,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$3,220,000
6.5%
$2,975,000
7%
$2,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,270,000
Current use
MEDICAL BUILDING
$3,410,000
Change: +4% · Conversion: Easy
RETAIL STORES
$3,355,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.15M (Aug 17 2023)
Last sale anchor
$2.15M
Aug 17 2023
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
$168 / 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
$35,160
Tax year 2023
Assessed value
$1,903,890
Assessed 2023
Previous assessed
$1,717,470
+10.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$311,020
Assessed improvement
$1,592,870
Land market value
$311,020
Improvement market value
$1,592,870
Total market value
$1,903,890
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1999
Heating
NONE
Cooling
YES
Stories
2
Rooms
1
Bathrooms
6
Total area
14,318 SF
Lot
1.02 ac (44,431 SF)
APN
03-38-41-023-038-00100-0
UPID
US19-0388875
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
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1999
Heating
NONE
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
6
Lot
1.02 ac
Current owner
From public records · entity-resolved
300 Sw Monterey LLC
Entity
Mailing address
1441 BRICKELL AVE STE #1400, MIAMI, FL 33131-3426
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
$2,150,000
300 Sw Monterey LLC
Rio Vista Investments LLC
Warranty Deed
—
Jan 11, 2019
—
Rio Vista Investments LLC
—
Deed
related
$500,000 · Cadence Bank NA
Aug 16, 2018
$1,960,000
Rio Vista Investments LLC
Morningside Commons LLC
Warranty Deed
$1,678,750 · Seacoast National Bank
Jul 27, 2017
—
Morningside Commons LLC
Krueger Property Mgmt LLC
Grant Deed
related
—
Jun 9, 2017
$1,686,800
Morningside Holdings LLC
Krueger Property Mgmt LLC
Warranty Deed
related
—
Dec 31, 2008
—
Krueger Property Mgmt LLC
Krueger Karl J JR
Quit Claim Deed
—
Dec 30, 2008
$3,139,200
Krueger Property Mgmt LLC
Krueger Radie B Trust
Warranty Deed
—
Oct 19, 2007
—
Record Owner
Krueger Karl J JR Trust
Grant Deed
related
—
—
—
Krueger Property Mgmt LLC
—
Deed Of Trust
related
$1,249,879 · Gulfstream Business Bank
—
—
Krueger Property Mgmt LLC
—
Deed Of Trust
related
$70,000 · Gulfstream Business Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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