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    2651 NW Federal Hwy Stuart, FL 34957
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    2651 NW Federal Hwy, Stuart, FL 34957

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    • Drug stores
    • 14,557 SF
    • 1.44 lot acres
    For Lease
    $5,310,000
    View Listing →
    Retail Space in High-Traffic Area For Lease
    $5,310,000
    14,557 SF

    Retail Space in High-Traffic Area

    Retail space with high visibility and strong retail corridor.

    2651 NW Federal Hwy, Stuart, FL
    View Listing
    Property ID
    US18-4672217
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,310,000
    Cap Rate Potential
    4.1%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • MoneyGram / Bank / Credit Union
    • Cardtronics ATM / Atm
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 2651 NW Federal Hwy

    Year built
    2004
    Lot size
    1.44 lot acres
    Property type
    Drug stores
    APN
    20-37-41-007-000-00030-0
    APU
    203741007000000300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 9, 2026 $4,950,000 Rk 2651 Stuart LLC Temaro Holdings LLC Special Warranty Deed —
    Nov 12, 2020 — Temaro Holdings LLC — Deed · related $1M · Wells Fargo Bank NA
    Nov 6, 2020 $4,950,000 Temaro Holdings LLC Kreske Enterprises II LLC Special Warranty Deed $1M · Wells Fargo Bank NA
    Dec 14, 2004 $5,391,000 Kreske Ents II LLC Stuart Alliant LLC Grant Deed $3.5M · Bear Stearns Commercial Mtg

    Description

    This exceptional 14,557-square-foot retail property in Stuart, Florida, presents a compelling investment opportunity. Situated on a 1.44-acre lot in Martin County, zoned PUD, this single-tenant building enjoys a high-visibility corner location at NW Federal Highway and NW Britt Rd. Its strategic placement within a thriving shopping plaza anchored by major national retailers like City Furniture, Marshalls, and Ross ensures significant foot traffic and brand recognition. The property benefits from its proximity to Treasure Coast Square, the only enclosed super-regional shopping center serving a large multi-county area, and is directly adjacent to Jensen Beach High School, with its substantial student population of over 1,794. This location within the Port St. Lucie Metropolitan Statistical Area provides access to a robust consumer base and is conveniently located approximately 40 miles north of West Palm Beach, a major South Florida economic hub, and its Palm Beach International Airport, which serves over 8 million passengers annually and contributes significantly to the regional economy. The property's excellent visibility and strategic location within a well-established retail corridor make it an ideal investment for discerning buyers seeking a high-return asset in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,520,000
      ML approach
      $5,835,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,460,000
      6.5%
      $4,120,000
      7%
      $3,825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,477,000
      Market price range: $2.43M - $5.69M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,910,000
      Current use
      RESTAURANT
      $8,070,000
      Change: +106% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $6,905,000
      Change: +77% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,565,000
      Change: -9% Conversion: Easy
      MEDICAL BUILDING
      $3,470,000
      Change: -11% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $3,200,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2687
    Latitude
    27.2377
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $57,563
    $1,379,980
    $1,734,410
    $3,114,390
    -
    $1,379,980
    $1,734,410
    $3,114,390

    Comparable in this City

    • Value Estimation
      $2,555,000
      15,109 SF

      3180 Federal Hwy

      DRUG STORE, PHARMACY
      3180 Federal Hwy, Stuart, FL 34994-5531
      View Details
    • Value Estimation
      $3,440,000
      12,366 SF

      2284 Federal Hwy

      DRUG STORE, PHARMACY
      2284 Federal Hwy, Stuart, FL 34994-4554
      View Details
    • Value Estimation
      $910,000
      6,000 SF

      197 Monterey Rd

      RETAIL STORES (PERSONAL SERVICES)
      197 Monterey Rd, Stuart, FL 34994-4472
      View Details
    • Value Estimation
      $4,365,000
      34,257 SF

      1421 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES)
      1421 Federal Hwy, Stuart, FL 34994-3905
      View Details
    • Value Estimation
      $2,315,000
      72,617 SF

      815 Colorado Ave

      FINANCIAL BUILDING
      815 Colorado Ave, Stuart, FL 34994-3053
      View Details
    • Value Estimation
      $755,000
      3,720 SF

      2275 Kanner Hwy

      RETAIL STORES (PERSONAL SERVICES)
      2275 Kanner Hwy, Stuart, FL 34994-4619
      View Details

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      Retail Space in Stuart, Florida

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      Retail Space in Stuart, Florida

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      View Details
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    Stuart, FL 34957
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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