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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Warehouses
401 Wright Blvd Stuart, FL 34994-1048
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9610565
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
STEEL FRAME
Total area
5,000 SF
Lot
1.05 ac (45,607 SF)
Zoning code
CRA1S
APN
32-37-41-000-000-00111-5
UPID
US18-9610565
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
-
Stuart Lawn and Garden - Jensen Beach (Bike/Boat/Book/etc) Store Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$1.10M
Owner & transaction history
Nw Wright LLC · 3 yrs held
Nw Wright LLC
since 2023
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
CRA1S · Stuart, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+120.4%
Commercial (general)
$1.2M
+101.0%
Medical building
$1.2M
+95.5%
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
$1,515,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,345,000
Change: +120% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,225,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$1,190,000
Change: +95% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,100,000
Change: +80% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Jun 14 2023)
Last sale anchor
$1.10M
Jun 14 2023
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
$220 / 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
$11,349
Tax year 2023
Assessed value
$609,960
Assessed 2023
Previous assessed
$559,598
+9.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$296,450
Assessed improvement
$313,510
Land market value
$296,450
Improvement market value
$313,510
Total market value
$609,960
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
1
Bathrooms
2
Total area
5,000 SF
Lot
1.05 ac (45,607 SF)
Zoning code
CRA1S
APN
32-37-41-000-000-00111-5
UPID
US18-9610565
Jurisdiction
MARTIN
Zoning & alternative use
CRA1S · Stuart, FL
Zoning CRA1S · permitted uses
CRA1S · Stuart, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stuart. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Nw Wright LLC
Entity
Mailing address
4107 ITALIA WAY, LAKE WORTH, FL 33467-2219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
$1,100,000
Nw Wright LLC
Wright LLC
Warranty Deed
$700,000 · Nw Wright LLC
Oct 31, 2018
$630,000
Wright LLC
Family Properties LLC
Warranty Deed
—
Jun 1, 2005
$665,000
Family Properties LLC
Crumps Lawn Equipment Center INC
Warranty Deed
$500,000 · Bankatlantic
Jun 4, 1998
$360,000
Crumps Lawn Equipment Ctr INC
Jada Corp
Grant Deed
$333,200 · Zions First National Bank
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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