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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office Spaces
342 Martin Luther King Jr Blvd Stuart, FL 34994-6209
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0896841
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Total area
1,780 SF
Lot
0.13 ac (5,663 SF)
APN
04-38-41-013-012-00020-2
UPID
US19-0896841
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$375k
Blend (final)
Blend
$575k
Owner & transaction history
Martinez Law Trustee Services LLC · 2 yrs held
Martinez Law Trustee Services LLC
since 2024
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$480,000
+9.6%
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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$370,000
7%
$345,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$435,000
Current use
RETAIL STORES
$480,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$425,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Apr 4 2024)
Last sale anchor
$575k
Apr 4 2024
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
$323 / 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
$4,282
Tax year 2023
Assessed value
$225,480
Assessed 2023
Previous assessed
$225,480
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$19,180
Assessed improvement
$206,300
Land market value
$19,180
Improvement market value
$206,300
Total market value
$225,480
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Rooms
1
Bathrooms
2
Total area
1,780 SF
Lot
0.13 ac (5,663 SF)
APN
04-38-41-013-012-00020-2
UPID
US19-0896841
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
COMMERCIAL (GENERAL) Current
Est. value
$435,000
RETAIL STORES
Est. value
$480,000
MEDICAL BUILDING
Est. value
$425,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1960
Heating
NONE
Stories
1
Rooms
1
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Martinez Law Trustee Services LLC
Trust
Mailing address
18115 N US HWY 41ST STE #600, LUTZ, FL 33549-6473
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2024
$575,000
Martinez Law Trustee Services LLC
Magnifico Capital LLC
Deed
$467,500 · Southstate Bank National Association
Nov 18, 2019
$405,000
L & M 13 LLC
Pathways Recover Center LLC
Warranty Deed
$300,000 · Magnifico Capital LLC
Nov 21, 2014
$175,000
Pathways Recovery Center LLC
Charette Harold & Joan Trust
Warranty Deed
$157,500 · Charette Harold & Joan Tr (pt)
Oct 11, 2011
$109,400
Charette Harold & Joanne Trust
342mlk LLC
Grant Deed
—
May 6, 2009
—
342 Mlk LLC
—
Trustees Deed
related
$180,000 · Charette Harold & J Tr (tr)
Dec 6, 2006
$200,000
342 Mlk LLC
Sailfish Park Properties INC
Warranty Deed
$180,000 · Charette Harold & J Tr (tr)
Apr 13, 2004
$260,000
Sailfish Park Properties INC
Brinkley,mary A Coc
Trustees Deed
—
Jul 21, 1999
$97,100
Mary A Brinkley
Herring,boyize & Fannie D
Grant Deed
$92,000 · Thames Trust
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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