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Property profile & analytics
OFF-MARKET
Estimated value
$22,800,000
Community centers
2400 Federal Hwy, Stuart, FL 34994-9314
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4908114
Property summary
AI-generated overview
This well-established four-story office building, located at 2400 SE Federal Hwy in Stuart, Florida (zip code 34994), offers multiple tenancy options within a total of 34,926 square feet. Two suites are currently available, ranging in size from 894 to 1,674 square feet. The building is situated on a main intersection, providing excellent visibility and accessibility. The property boasts a multi-story parking garage, ensuring ample parking for tenants and visitors. Security guard monitoring is in place for added peace of mind. The building is zoned B-2, making it suitable for a variety of professional businesses. This prime location in Martin County, Florida offers a thriving business environment and convenient access to local amenities. The building's modern design and secure parking make it an attractive option for businesses seeking a professional and convenient workspace. The available suites provide flexible space options to accommodate various business needs. Interested parties are encouraged to inquire about lease terms and availability.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Total area
111,551 SF
Lot
11.59 ac (504,643 SF)
APN
19-37-41-000-000-00540-3
UPID
US18-4908114
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
-
Truist Bank Loan Service
-
William A. Hill, MS Physician
-
Chuck E. Cheese Arcade & Gaming Center Family Recreation Center
-
SunTrust Mortgage Loan Service Bank
-
Samantha Jeanpierre Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$20.50M
CAP Approach
CAP
$22.99M
Comparable Approach
Comparable
$16.30M
Blend (final)
Blend
$22.80M
Owner & transaction history
Vista Plaza Mzl LLC · 2 yrs held
Vista Plaza Mzl LLC
since 2024
Last sale
$28.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$30.0M
+83.7%
Commercial (general)
$27.3M
+67.6%
Medical building
$26.6M
+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
$20,500,000
ML approach
$20,500,000
CAP Approach
CAP Return
Estimation
6%
$24,900,000
6.5%
$22,985,000
7%
$21,340,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$16,305,000
Current use
RETAIL STORES
$29,955,000
Change: +84% · Conversion: Easy
COMMERCIAL (GENERAL)
$27,330,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$26,575,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$24,505,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$22.80M
Range $20.52M – $25.08M · ±10% · vs last sale $28.25M (Mar 6 2025)
Last sale anchor
$28.25M
Mar 6 2025
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
$204 / 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
$212,190
Tax year 2023
Assessed value
$12,715,490
Assessed 2023
Previous assessed
$12,715,490
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$5,046,500
Assessed improvement
$7,668,990
Land market value
$5,046,500
Improvement market value
$7,668,990
Total market value
$12,715,490
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
1998
Heating
NONE
Cooling
YES
Buildings
5
Stories
2
Rooms
1
Bathrooms
8
Total area
111,551 SF
Lot
11.59 ac (504,643 SF)
APN
19-37-41-000-000-00540-3
UPID
US18-4908114
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.3M
RETAIL STORES
Est. value
$30.0M
COMMERCIAL (GENERAL)
Est. value
$27.3M
MEDICAL BUILDING
Est. value
$26.6M
INDUSTRIAL (GENERAL)
Est. value
$24.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1998
Heating
NONE
Cooling
Yes
Stories
2
Buildings
5
Rooms
1
Bathrooms
8
Lot
11.59 ac
Current owner
From public records · entity-resolved
Vista Plaza Mzl LLC
Entity
Mailing address
535 5TH AVE FL, NEW YORK, NY 10017-3625
Ownership since
2024
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
Mar 11, 2024
$20,500,000
Vista Plaza Mzl LLC
Rpt Realty LP
Special Warranty Deed
$2,000,000 · United Of Omaha Life Insurance Comp
Dec 15, 2004
—
Vista Plaza Rlv
Vista Plaza Ltd
Quit Claim Deed
related
—
Dec 15, 2004
$18,525,000
Vista Plaza Rlv
Vista Plaza Ltd
Grant Deed
related
—
Nov 24, 1997
$2,570,000
Vista Plaza Ltd
Schacht,peggy J & Roy A
Grant Deed
—
—
—
Vista Plaza Rlv
—
Deed Of Trust
related
$11,115,000 · First Colony Life Insurance Co
—
—
Vista Plaza Ltd
—
Deed Of Trust
related
$9,200,000 · Comerica 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.
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