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    3231 SE Slater St Stuart, FL 34997
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    Property profile & analytics

    3231 SE Slater St, Stuart, FL 34997

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    • Warehouses
    • 7,703 SF
    • 0.51 lot acres
    For Sale
    $1,750,000
    View Listing →
    Well-Maintained Flex Space Warehouse For Sale
    $1,750,000
    8,012 SF

    Well-Maintained Flex Space Warehouse

    Multi-tenant warehouse with concrete roof and multiple roll-ups.

    3231 SE Slater St, Stuart, FL
    View Listing
    Property ID
    US18-8083885
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grasso's Garage LLC / Auto Repair Shop

    Property Details for 3231 SE Slater St

    Year built
    1986
    Lot size
    0.51 lot acres
    Property type
    Warehouses
    APN
    52-38-41-301-000-00080-4
    APU
    523841301000000804

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2022 — Grassos Holding Company LLC — Deed · related $820k · Seacoast National Bank
    Nov 17, 2020 $530,000 Grassos Holding Co LLC In Deep LLC Warranty Deed $410k · Rymi LLC
    Jun 12, 2006 $65,200 Douglas Brammeier French,stephen M Quit Claim Deed · related —
    Aug 12, 2004 $540,000 In Deep LLC Boniface,bernard R Warranty Deed $432k · Wachovia Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $356,000
      Market price range: $171k - $573k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $870,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2107
    Latitude
    27.1511
    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
    $10,933
    $158,400
    $528,310
    $686,710
    -
    $158,400
    $528,310
    $686,710

    Comparable in this City

    • Value Estimation
      $1,280,000
      24,000 SF

      4191 Commerce Ave

      WAREHOUSE, STORAGE
      4191 Commerce Ave, Stuart, FL 34997-5909
      View Details
    • Value Estimation
      $650,000
      5,805 SF

      4430 Commerce Ave

      WAREHOUSE, STORAGE
      4430 Commerce Ave, Stuart, FL 34997-5727
      View Details
    • Value Estimation by Request
      49,995 SF

      4513 Commerce Ave

      Flex space
      4513 Commerce Ave, Stuart, FL 34997
      View Details
    • Value Estimation by Request
      8,880 SF

      3141 Dominica Ter

      WAREHOUSE, STORAGE
      3141 Dominica Ter, Stuart, FL 34997-5755
      View Details
    • Value Estimation
      $645,000
      5,720 SF

      3451 Lionel Ter

      WAREHOUSE, STORAGE
      3451 Lionel Ter, Stuart, FL 34997-8870
      View Details
    • Value Estimation
      $555,000
      10,872 SF

      2928 Monroe St

      WAREHOUSE, STORAGE
      2928 Monroe St, Stuart, FL 34997-5943
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,012 SF

      Well-Maintained Flex Space Warehouse

      Multi-tenant warehouse with concrete roof and multiple roll-ups.
      3231 SE Slater St, Stuart, FL 34997
      View Details
    • Contact for pricing

      Versatile Flex Space For Sale

      3600 sq ft unit suitable for business or industrial use.
      3072 SE Dominica Ter, Stuart, FL 34997
      View Details
    • $479,000
      93,184 SF

      Hobe Sound Auto & RV Storage

      Prime Industrial Storage Facility, 64 Units
      0 Federal Hwy, Stuart, FL 34997
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,600 SF

      Industrial Space in Stuart, Florida

      Industrial warehouse space available for lease in Stuart, Florida.
      8160 SW Jack James Dr, Stuart, FL 34997
      View Details
    • Contact for pricing
      1,072 SF

      Industrial Flex Space For Rent

      1,072 SF industrial flex space available for rent.
      7803 SW Ellipse Way, Stuart, FL 34997
      View Details
    • New
      Contact for pricing

      Warehouse Space at Commerce Center

      Available warehouse space for rent in a centrally located Treasure Coast commerce center.
      7675 Southwest Ellipse Way, Stuart, FL 34997
      View Details
    • Contact for pricing
      8,100 SF

      Stuart Warehouse Space For Lease

      8,100 SF warehouse space in Stuart, Florida.
      7786 SW Ellipse Way, Stuart, FL 34997
      View Details
    • Contact for pricing

      Retail Building with Office, Warehouse

      Freestanding retail building with office, warehouse, and yard space.
      4461 SE Federal Hwy, Stuart, FL 34997
      View Details
    • $15 SF/Yr
      3,600 SF

      Dominica Terrace Warehouse Space

      3600 sq ft Industrial Warehouse
      3072 Dominica Ter, Stuart, FL 34997
      View Details
    View Listing
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    Stuart, FL 34997
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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.

    More about this property
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    3231 SE Slater St, Stuart, FL, 34997
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