2850 Market Pl Stuart, FL 34997-4965
Entity Owned
6-yr Hold
Free & Clear
Estimated value (blended)
$3.49M
Range $3.14M – $3.84M (±10%)
Property ID
US18-2102925
Property summary
AI-generated overview
This 2,000 square foot flex space is available for lease in a 36,766 square foot building situated on 2.49 acres in Stuart, Florida. Built in 1985 and renovated in 2017, the building offers 20-foot clear-high ceilings, a 14-foot overhead door, and air conditioning in the office area. The concrete structure boasts 54 total parking spaces and is conveniently located off US Highway 1, with access from Market Place, providing easy access to the entire Treasure Coast region. The property benefits from a prime location across from a Walmart and shares the building with established businesses such as the Athletic Factory and Brandster Outdoor Furniture, offering excellent visibility and synergy opportunities. Signage is available at the space entrance. This two-story building is located in Martin County, Florida, with the address being 2850 SE Market Pl, Stuart, FL 34997.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Total area
22,400 SF
Lot
2.43 ac (105,851 SF)
APN
38-38-41-002-212-00010-0
UPID
US18-2102925
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gym & Fitness Center
-
Furniture & Home Goods Hardware & Home Improvement
-
Furniture & Home Goods Hardware & Home Improvement
-
Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$3.49M
Owner & transaction history
since 2020
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$5.3M
+110.6%
Retail stores
$5.3M
+107.2%
Industrial (general)
$3.5M
+39.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.49M
Value range
$3.14M – $3.84M
±10% around blend
Estimated value / SF
$156 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
$3.14M
blend $3.49M
$3.84M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,400 SF
Lot area
2.43 ac
Year built
1985
Stories
2
APN
38-38-41-002-212-00010-0
Assessed value
$2,732,610
Annual tax
$50,710
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.61M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.7 mi away · 19,920 SF
22.0 mi away · 23,666 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.49M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 42 sales
$113
+38%
Submarket 49 sales
$122
+28%
County 74 sales
$145
+8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $156/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+111%
vs current-use indication
Retail Stores
Industrial (general)
Neighborhood: Shopping Center
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.10M
Move the market yield to see immediate price impact.
Value / SF
$138
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$195k
$3.91M
$2.79M
$2.17M
$217k
$4.34M
$3.10M
$2.41M
$239k
$4.77M
$3.41M
$2.65M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$3.20M
0.4 mi · Oct 2025 · $198/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$50,710
Tax year 2023
Assessed value
$2,732,610
Assessed 2023
Previous assessed
$2,543,030
+7.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$402,230
Assessed improvement
$2,330,380
Land market value
$402,230
Improvement market value
$2,330,380
Total market value
$2,732,610
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
NONE
Stories
2
Rooms
1
Bathrooms
20
Total area
22,400 SF
Lot
2.43 ac (105,851 SF)
APN
38-38-41-002-212-00010-0
UPID
US18-2102925
Jurisdiction
MARTIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
2
Rooms
1
Bathrooms
20
Lot
2.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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