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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Medical Office Space
3257 Salerno Rd Stuart, FL 34997-6739
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3142125
Property summary
AI-generated overview
This exceptional Stuart commercial office space offers 2,706 square feet of well-maintained space, perfect for a variety of businesses. The single-story building, constructed in 1979, sits on a 0.4-acre lot and is zoned B-1. The property boasts ample parking, a covered pedestrian entry, prominent signage opportunities, and excellent street frontage. The interior features a large common work area, multiple private offices, restrooms, and a breakroom. Its convenient location is just 0.6 miles from US1 and 0.9 miles from A1A, providing easy access for employees and clients. The space is highly adaptable and can be easily divided into two separate 1,350-square-foot units, offering flexibility for tenants. The entire building encompasses 5,742 square feet, with 2,706 square feet currently vacant. The property's APN is 55-38-41-000-075-00056-3, located in Martin County. This is a rare opportunity to secure a well-located, versatile office space in a thriving area. Don't miss out on this chance to establish your business in a prime Stuart location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
5,742 SF
Lot
0.41 ac (17,772 SF)
APN
55-38-41-000-075-00056-3
UPID
US18-3142125
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
-
Sunland Construction Inc Construction Company General Contractor
-
Treasure Coast Hospital Medical Clinic
-
Dr. Younes Lehachi, MD Physician
-
Coastal Medical and Wellness Center Alternative Medicine Practice
-
Gregory Hayes Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Jllj Real Estate Holdings LLC · 4 yrs held
Jllj Real Estate Holdings LLC
since 2021
Last sale
$870,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$745,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,370,000
Current use
RETAIL STORES
$1,345,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $870k (Aug 23 2021)
Last sale anchor
$870k
Aug 23 2021
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
$144 / 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
$15,228
Tax year 2023
Assessed value
$945,360
Assessed 2023
Previous assessed
$811,760
+16.5% YoY
Effective rate
1.61%
On assessed value
Assessed land
$124,430
Assessed improvement
$820,930
Land market value
$124,430
Improvement market value
$820,930
Total market value
$945,360
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
YES
Stories
1
Rooms
1
Bathrooms
7
Total area
5,742 SF
Lot
0.41 ac (17,772 SF)
APN
55-38-41-000-075-00056-3
UPID
US18-3142125
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
MEDICAL BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING Current
RETAIL STORES
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
1979
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
7
Lot
0.41 ac
Current owner
From public records · entity-resolved
Jllj Real Estate Holdings LLC
Entity
Mailing address
8792 SE WATER OAK PL, TEQUESTA, FL 33469-1810
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2021
$870,000
Jllj Real Estate Holdings LLC
Coury LLC
Warranty Deed
$598,000 · Synovus Bank
Mar 2, 2005
$677,500
Coury LLC
Shefter,lawrence & Frieda F
Warranty Deed
—
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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