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    Property profile & analytics

    3241 Slater St Stuart, FL 34997-5704

    • Manufacturing properties
    • 7,752 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Nov 16, 2021
    $1,315,000
    Value Estimations
    $1,305,000
    Show details
    Cap Rate Potential
    9.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-1112980
    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.

    Current Use by Public Records

    • Designer Services-Treasure Cst / Industrial Manufacturer / Production Facility
    • Performance Power Systems / Car Dealership

    Property Details for 3241 Slater St

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    0.51 lot acres
    Property size
    7,752 SF
    Property type
    Manufacturing properties
    APN
    52-38-41-301-000-00090-2
    APU
    523841301000000902

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,125,000
      ML approach
      $1,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,720,000
      6.5%
      $1,590,000
      7%
      $1,475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,326,000
      Market price range: $937k - $1.91M
      AI Estimate
      $972,000
      Market price range: $632k - $1.40M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,220,000
      Current use
      MEDICAL BUILDING
      $1,845,000
      Change: +51% Conversion: Difficult
      RETAIL STORES
      $1,815,000
      Change: +49% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,135,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,115,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2104
    Latitude
    27.1512
    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
    $18,835
    $158,400
    $969,140
    $1,127,540
    -
    $158,400
    $969,140
    $1,127,540

    Comparable in this City

    • Value Estimation
      $3,315,000
      31,040 SF

      4700 Municipal Ct

      MANUFACTURING (LIGHT) • 31,040 SF
      4700 Municipal Ct, Stuart, FL 34997-8871
      View Details
    • Value Estimation
      $1,085,000
      6,000 SF

      1315 Commerce Way

      MANUFACTURING (LIGHT) • 6,000 SF
      1315 Commerce Way, Stuart, FL 34997-7231
      View Details
    • Value Estimation
      $830,000
      7,680 SF

      3190 Dominica Ter

      MANUFACTURING (LIGHT) • 7,680 SF
      3190 Dominica Ter, Stuart, FL 34997-5718
      View Details
    • Value Estimation
      $820,000
      7,500 SF

      3090 Slater St

      MANUFACTURING (LIGHT) • 7,500 SF
      3090 Slater St, Stuart, FL 34997-5725
      View Details
    • Value Estimation by Request
      3,072 SF

      2551 Clayton St

      MANUFACTURING (LIGHT) • 3,072 SF
      2551 Clayton St, Stuart, FL 34997-5017
      View Details
    • Value Estimation
      $1,565,000
      9,822 SF

      4431 Commerce Ave

      MANUFACTURING (LIGHT) • 9,822 SF
      4431 Commerce Ave, Stuart, FL 34997-5742
      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

      Stuart Industrial Space: Prime Location

      3600 sq ft unit, ideal for business or storage.
      3072 Dominica Ter, Stuart, FL 34997
      View Details
    • $259,900

      Secure Climate-Controlled Storage Unit

      Climate-controlled storage unit with 24-hour access and security.
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    • $7,900,000
      56,244 SF

      Functional Industrial Building with Yard

      56,244 SF industrial building with loading bays and yard.
      3601 Southeast Dixie Hwy, Stuart, FL 34997
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    • $1,500,000
      1,288 SF

      Prime Stuart Flex Space Investment

      1,288 SF Flex Space, $1.5M
      66 Salerno Rd, Stuart, FL 34997
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    • Contact for pricing

      Stuart Industrial Space - Great Location

      Prime Stuart industrial space, perfect for business or storage.
      3050 Dominica Ter, Stuart, FL 34997
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,040 SF

      Double Flex Space Stuart, FL

      4,040 SF Flex Space, Available February 2025
      7814 Jack James Dr, Stuart, FL 34997
      View Details
    • $19 SF/Yr
      1,000 SF

      Industrial Space on Dixie Highway

      1,000 SF industrial space with renovated office in Stuart.
      3700-3776 SE Dixie 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
    • $19 SF/Yr
      23,910 SF

      Industrial Space on Dixie Highway

      1,000 SF industrial space with renovated office in Stuart, FL.
      3750 Southeast Dixie Hwy, Stuart, FL 34997
      View Details
    • $25 SF/Yr
      2,020 SF

      Stuart Flex Condo Units For Rent

      Two flex condo units in Stuart's Treasure Coast Commerce Center.
      7816 SW Jack James Dr, Stuart, FL 34997
      View Details
    • $16 SF/Yr
      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
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    Stuart, FL 34997-5704
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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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