3371 Martin Downs Blvd Palm City, FL 34990-2674
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$1.30M
Range $1.17M – $1.42M (±10%)
Property ID
US18-2912154
Property summary
AI-generated overview
This exceptional 5,721 square foot mixed-use building in Palm City, Florida, presents a lucrative investment opportunity. Built in 2007, the property boasts two units totaling 5,721 square feet. One unit, comprising 2,690 square feet, is currently leased until September 2027, providing immediate income. The second unit, offering 3,031 square feet, is available for lease or owner-occupancy upon closing. This space is currently configured as a high-end salon, featuring areas for hairstyling (up to 13 stations), massage, aesthetics, manicures, and pedicures, along with a reception area and retail space. The building is in excellent condition, featuring a new roof (2023) and new AC units (2022 & 2023). Its strategic location on a major Palm City thoroughfare provides easy access to the Florida Turnpike and I-95, ensuring high visibility and convenient access for clients and employees. The property is situated at 3371 SW Martin Downs Boulevard, Palm City, FL 34990. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving location. The asking price is $2,395,000.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Total area
5,679 SF
Lot
0.81 ac (35,284 SF)
APN
13-38-40-039-000-00010-0
UPID
US18-2912154
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
-
Hair Salon
-
Medical Clinic Skin Care Clinic
-
Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.30M
Owner & transaction history
since 2025
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$1.5M
+18.6%
Medical building
$1.4M
+4.7%
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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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.30M
Value range
$1.17M – $1.42M
±10% around blend
Estimated value / SF
$228 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$1.17M
blend $1.30M
$1.42M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,679 SF
Lot area
0.81 ac
Year built
2007
Stories
2
APN
13-38-40-039-000-00010-0
Assessed value
$1,114,840
Annual tax
$17,622
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.18M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.28M
@ 6.5% CAP return
$1.18M
@ 7% CAP return
$1.10M
4
Sales comparison
Partial preview
Sales approach indication
$2.36M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
19.5 mi away · 6,000 SF
19.7 mi away · 6,800 SF
20.1 mi away · 5,284 SF
22.6 mi away · 6,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$228
+0%
Submarket 23 sales
$228
+0%
County 284 sales
$230
-1%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $228/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+19%
vs current-use indication
Medical Building
Commercial (general) · current use
Industrial (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 · 5 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$1.11M
Move the market yield to see immediate price impact.
Value / SF
$196
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%
$70k
$1.40M
$1.00M
$780k
$78k
$1.56M
$1.11M
$867k
$86k
$1.72M
$1.23M
$954k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$650k
14.3 mi · Dec 2025 · $141/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,622
Tax year 2023
Assessed value
$1,114,840
Assessed 2023
Previous assessed
$929,614
+19.9% YoY
Effective rate
1.58%
On assessed value
Assessed land
$303,200
Assessed improvement
$811,640
Land market value
$303,200
Improvement market value
$811,640
Total market value
$1,114,840
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2007
Heating
NONE
Stories
2
Total area
5,679 SF
Lot
0.81 ac (35,284 SF)
APN
13-38-40-039-000-00010-0
UPID
US18-2912154
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
2007
Heating
NONE
Stories
2
Lot
0.81 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
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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
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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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