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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Investment properties
2424 Indian St Stuart, FL 34997-5046
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4286282
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1990
Total area
3,558 SF
Lot
0.86 ac (37,462 SF)
APN
37-38-41-007-004-00050-0
UPID
US18-4286282
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
-
stera llc www treasurecoastwebservices com Data Center IT Consulting Firm
-
Island Impact Ministries Inc Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$775k
Owner & transaction history
Congregacion Mesianica Shikum INC · 4 yrs held
Congregacion Mesianica Shikum INC
since 2022
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$850,000
+65.9%
Retail stores
$835,000
+63.2%
Neighborhood: shopping center
$520,000
+1.8%
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
$535,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
MEDICAL BUILDING
$850,000
Change: +66% · Conversion: Easy
RETAIL STORES
$835,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $800k (Jan 4 2022)
Last sale anchor
$800k
Jan 4 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
$218 / 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
$633
Tax year 2023
Assessed value
$709,280
Assessed 2023
Previous assessed
$312,958
+126.6% YoY
Effective rate
0.09%
On assessed value
Assessed land
$179,820
Assessed improvement
$529,460
Land market value
$179,820
Improvement market value
$529,460
Total market value
$709,280
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1990
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
1
Total area
3,558 SF
Lot
0.86 ac (37,462 SF)
APN
37-38-41-007-004-00050-0
UPID
US18-4286282
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
$510,000
MEDICAL BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Congregacion Mesianica Shikum INC
Entity
Mailing address
997 SW 34TH TER, PALM CITY, FL 34990-3454
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$800,000
Congregacion Mesianica Shikum INC
2424 LLC
Warranty Deed
$680,000 · 2424 LLC
Jul 2, 2007
—
2424 LLC
Maxwell Family Trust
Quit Claim Deed
related
$600,000 · Anchor Commercial Bank
Apr 22, 2005
—
Maxwell Trust
Maxwell,scott & Debra
Quit Claim Deed
related
—
Nov 16, 2004
$500,000
Scott Maxwell
Gatz,jacqueline K
Warranty Deed
$450,000 · Jacqueline K Gatz
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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