Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    37 Seminole St Stuart, FL 34994

    • Commercial real estate
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3143459
    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

    • Lairoello's / Clothing Store
    • Lilli of Copenhagen | European Anti-Aging Clinique / Spa & Massage Center / Alternative Medicine Practice

    Property Details for 37 Seminole St

    Lot size
    0.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.404-acre waterfront property, located at 31 and 37 SE Seminole St, Stuart, FL 34994, presents a unique investment opportunity. Priced at $3,000,000 (or $1,600,000 individually), this parcel boasts stunning riverfront views and is zoned R3, allowing for diverse development options. The permitted density is 12 units at 30 units per acre, subject to major urban code conditional use. The property's legal description is Porters Addition Lots 3 and 4 Block 1, and its parcel ID is 04-38-41-015-001-00030-1. Situated in the thriving City of Stuart, this location benefits from the recently extended Downtown Boardwalk, which runs along the Seminole Street waterfront from Saint Lucie Blvd to Colorado Ave. This revitalization has spurred significant growth in the area, evident in developments like the Stuart Boathouse Restaurant and Sailfish Cove luxury residences. The property's versatility allows for a range of uses, including restaurant, retail, office, or residential development, making it an ideal investment for discerning buyers seeking a prime location in a rapidly developing waterfront community. The wide waterfront views and urban waterfront zoning combine to create a truly exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.251823565943
    Latitude
    27.199266017186

    Comparable in this City

    • $1,400,000

      Multifamily Property Near Downtown Stuart

      Remodeled 8-unit multifamily property near downtown Stuart, Florida.
      3 SW Hideaway Pl, Stuart, FL 34994
      View Details
    • Contact for pricing
      8,114 SF

      Garage Space in Downtown Stuart

      Well-maintained garage space with apartments in downtown Stuart.
      101 SW Ocean Blvd, Stuart, FL 34994
      View Details
    • $1,550,000
      2.42 Acres

      Prime Stuart Commercial Land

      2.42 Acres Waterfront Commercial Lot
      0 Kanner Hwy, Stuart, FL 34994
      View Details
    • $549,000
      1,961 SF

      Prime Stuart Industrial Land

      Site-plan approved flex warehouse condos.
      920 Dixie Hwy, Stuart, FL 34994
      View Details
    • $1,700,000

      Prime Commercial Parcel in Stuart

      1.6-acre commercial parcel with development potential in Stuart, Florida.
      SE Central Pkwy, Stuart, FL 34994
      View Details
    • $25,000,000

      Land Suitable for Multi-Family Development

      Land in Martin County, Florida, ideal for multi-family development.
      SE Willoughby Blvd, Stuart, FL 34994
      View Details

    Similar Nearby for Sale

    • $1,400,000

      Multifamily Property Near Downtown Stuart

      Remodeled 8-unit multifamily property near downtown Stuart, Florida.
      3 SW Hideaway Pl, Stuart, FL 34994
      View Details
    • Contact for pricing
      8,114 SF

      Garage Space in Downtown Stuart

      Well-maintained garage space with apartments in downtown Stuart.
      101 SW Ocean Blvd, Stuart, FL 34994
      View Details
    • $549,000
      1,961 SF

      Prime Stuart Industrial Land

      Site-plan approved flex warehouse condos.
      920 Dixie Hwy, Stuart, FL 34994
      View Details
    • $149,000

      Residential Lot in Stuart, Florida

      Cleared residential lot near amenities in Stuart, Florida.
      SE Palm Beach Rd, Stuart, FL 34994
      View Details
    • $1,700,000

      Prime Commercial Parcel in Stuart

      1.6-acre commercial parcel with development potential in Stuart, Florida.
      SE Central Pkwy, Stuart, FL 34994
      View Details
    • $25,000,000

      Land Suitable for Multi-Family Development

      Land in Martin County, Florida, ideal for multi-family development.
      SE Willoughby Blvd, Stuart, FL 34994
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Stuart Apartment for Rent

      One bedroom, one bathroom apartment near downtown Stuart.
      922 SE Bayou Ave, Stuart, FL 34994
      View Details
    • Contact for pricing
      64,033 SF

      Prime Stuart Retail Development

      1.5-acre hard corner, high-traffic location.
      1405 Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing

      Prime Stuart Commercial Land

      0.65-Acre Commercial Lot in Stuart, FL
      1850 Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing

      Commercial Land Available For Lease

      0.65 acres of commercial land for ground lease.
      Stuart, FL 34994
      View Details
    • $22 SF/Yr
      2,576 SF

      Central Parkway Office Space

      Prime Stuart, FL Office: 2,576 sq ft
      613 Central Pkwy, Stuart, FL 34994
      View Details
    • $22 SF/Yr
      24,280 SF

      Prime Stuart Retail Space

      High-traffic location, ample parking, 1,000 SF
      1849 Federal Hwy, Stuart, FL 34994
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37 Seminole St
    Stuart, FL 34994
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.