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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Community centers
2390 Federal Hwy, Stuart, FL 34994-9312
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4549564
Property summary
AI-generated overview
This exceptional 11,985 square foot retail strip center is situated on a 1.23-acre lot at 2390 NW Federal Highway, Stuart, FL 34994, at the intersection of NW Federal Highway & NW Britt Road. The property boasts a highly desirable B-1 zoning classification and features a single building with a total of 11,985 square feet. Currently, there are 3,700 square feet of vacant space available, offering flexible options for prospective tenants. Two spaces are immediately available, ranging in size from 2,100 to 6,300 square feet, presenting a unique opportunity for businesses seeking high visibility and accessibility. The center is strategically located within a thriving retail corridor along the busy Federal Highway, ensuring significant foot traffic and exposure. The property's APN is 293741004002000739. This presents a compelling investment opportunity for businesses seeking a prime location in a bustling retail environment. The property's convenient location and ample space make it an ideal choice for a variety of retail uses. Don't miss this chance to secure a prominent presence in a high-demand area.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Total area
11,970 SF
Lot
1.23 ac (53,753 SF)
APN
29-37-41-004-002-00073-9
UPID
US18-4549564
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Verizon Business Services Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.94M
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.97M
Owner & transaction history
Ocity Outparcel LLC · 4 yrs held
Ocity Outparcel LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.2M
+83.7%
Commercial (general)
$2.9M
+67.6%
Medical building
$2.9M
+63.0%
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
$3,185,000
ML approach
$2,935,000
CAP Approach
CAP Return
Estimation
6%
$2,670,000
6.5%
$2,465,000
7%
$2,290,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,215,000
Change: +84% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,935,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$2,850,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,630,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $3.50M (Mar 2 2022)
Last sale anchor
$3.50M
Mar 2 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
$248 / 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
$55,102
Tax year 2023
Assessed value
$3,301,990
Assessed 2023
Previous assessed
$1,892,000
+74.5% YoY
Effective rate
1.67%
On assessed value
Assessed land
$537,330
Assessed improvement
$2,764,660
Land market value
$537,330
Improvement market value
$2,764,660
Total market value
$3,301,990
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
2006
Heating
NONE
Stories
1
Total area
11,970 SF
Lot
1.23 ac (53,753 SF)
APN
29-37-41-004-002-00073-9
UPID
US18-4549564
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
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
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
2006
Heating
NONE
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Ocity Outparcel LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2469 N JOHN YOUNG PKWY STE C, ORLANDO, FL 32804-4124
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$3,500,000
Ocity Outparcel LLC
Stuart Realty Investments INC
Warranty Deed
—
Jun 16, 2021
—
Stuart Realty Investments INC
—
Deed
related
$1,145,000 · Franklin Savings Bank
Jul 7, 2016
$2,350,000
Stuart Realty Investments INC
2390 Investments LLC
Warranty Deed
$1,292,500 · Wells Fargo Bank NA
May 4, 2005
—
2390 Investments LLC
—
Trustees Deed
related
$1,800,000 · Peninsula Bk
Sep 22, 2003
$905,000
2390 Investment LLC
Majesty Florida Ltd Ptshp
Grant Deed
—
May 26, 1998
$375,000
Schact Trust
Zaberer,donald J
Grant Deed
—
—
—
2390 Investments LLC
—
Loan Modification
related
$1,407,584 · Florida Community Bank
—
—
2390 Investments LLC
—
Loan Modification
related
$1,000,000 · Florida Cmnty 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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