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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Community centers
2801 Martin Sq Corporate Pkwy, Stuart, FL 34994-4916
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-2841258
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1999
Total area
10,864 SF
Lot
1.23 ac (53,579 SF)
APN
38-38-41-006-000-00060-5
UPID
US18-2841258
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
-
Recovery By The Sea Medical Clinic
-
Theresa Hasselt-Zechman Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.96M
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$1.89M
Owner & transaction history
South Atlantic Courtnay LLC · 6 yrs held
South Atlantic Courtnay LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.9M
+83.7%
Commercial (general)
$2.7M
+67.6%
Medical building
$2.6M
+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
$2,040,000
ML approach
$1,960,000
CAP Approach
CAP Return
Estimation
6%
$2,425,000
6.5%
$2,240,000
7%
$2,080,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,590,000
Current use
RETAIL STORES
$2,915,000
Change: +84% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,660,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$2,590,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,385,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,325,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $1.55M (Mar 12 2020)
Last sale anchor
$1.55M
Mar 12 2020
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
$174 / 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
$29,529
Tax year 2023
Assessed value
$1,628,950
Assessed 2023
Previous assessed
$1,427,270
+14.1% YoY
Effective rate
1.81%
On assessed value
Assessed land
$203,600
Assessed improvement
$1,425,350
Land market value
$203,600
Improvement market value
$1,425,350
Total market value
$1,628,950
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
1999
Heating
NONE
Cooling
YES
Stories
1
Rooms
1
Bathrooms
5
Total area
10,864 SF
Lot
1.23 ac (53,579 SF)
APN
38-38-41-006-000-00060-5
UPID
US18-2841258
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
$1.6M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1
Rooms
1
Bathrooms
5
Lot
1.23 ac
Current owner
From public records · entity-resolved
South Atlantic Courtnay LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2084 GUADELOUPE DR, WELLINGTON, FL 33414-6471
Ownership since
2020
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
Mar 12, 2020
$1,550,000
South Atlantic Courtnay LLC
Hope Clinical Holdings LLC
Warranty Deed
—
Jun 20, 2017
—
Hope Clinical Holdings LLC
—
Deed
related
$1,032,000 · Centennial Bk
Dec 30, 2016
$98,500
Hope Clinical Holdings LLC
James Sopko
Warranty Deed
—
Dec 30, 2016
—
Kremser,joan Trust
Kremser Joan
Quit Claim Deed
related
—
Dec 30, 2016
$738,300
Hope Clinical Holdings LLC
Kremser,david M
Warranty Deed
—
Dec 30, 2016
$148,300
Hope Clinical Holdings LLC
Kremser Joan Trust
Warranty Deed
related
—
May 21, 2012
—
Kremser Joan Tr
Kremser Wayne R SR Trust
Quit Claim Deed
related
—
Jan 26, 2012
—
Kremser Joan Tr
Kremser,joan
Quit Claim Deed
related
—
Feb 1, 2002
$1,140,000
Joan Kremser Trustee
Martin Square Properties Lc
Grant Deed
—
—
—
Hope Clinical Holdings LLC
—
Loan Modification
related
$1,032,000 · Centennial 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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