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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Turn key restaurants
4290 Salerno Rd Stuart, FL 34997-6875
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US18-4804706
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Construction
FRAME
Total area
10,622 SF
Lot
0.86 ac (37,505 SF)
APN
51-38-41-002-069-00070-5
UPID
US18-4804706
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
-
Port Salerno Waterfront District Restaurant
-
Wet-N-Wild Sport Fishing (Bike/Boat/Book/etc) Store
-
Hint Heroin Detox Rehab Stuart, FL Physician
-
Fysh Bar & Grill - Port Salerno Restaurant
-
JetRide Boat & Jet Ski Club - Stuart Boat Club
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Red Sky INC · 25 yrs held
Red Sky INC
since 2001
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$68 / 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
$43,076
Tax year 2023
Assessed value
$2,706,880
Assessed 2023
Previous assessed
$2,286,650
+18.4% YoY
Effective rate
1.59%
On assessed value
Assessed land
$825,000
Assessed improvement
$1,881,880
Land market value
$825,000
Improvement market value
$1,881,880
Total market value
$2,706,880
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
NONE
Stories
3
Rooms
1
Bathrooms
3
Total area
10,622 SF
Lot
0.86 ac (37,505 SF)
APN
51-38-41-002-069-00070-5
UPID
US18-4804706
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
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
NONE
Stories
3
Rooms
1
Bathrooms
3
Lot
0.86 ac
Current owner
From public records · entity-resolved
Red Sky INC
Entity
Mailing address
PO BOX 36, PORT SALERNO, FL 34992-0036
Ownership since
2001
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
Jan 14, 2025
—
Red Sky INC
—
Deed
related
$583,000 · Southstar Bank Ssb
Nov 20, 2019
—
Red Sky INC
—
Deed
related
$800,000 · Centerstate Bk NA
Mar 28, 2001
$525,000
Red Sky INC
Fnb Properties INC
Grant Deed
—
—
—
Red Sky INC
—
Loan Modification
related
$800,000 · Centerstate Bk NA
—
—
Red Sky INC
—
Loan Modification
related
$967,611 · Gulfstream Business Bank
—
—
Red Sky INC
—
Deed Of Trust
related
$200,000 · Gulfstream Business Bank
—
—
Red Sky INC
—
Loan Modification
related
$1,062,500 · Gulfstream Business Bank
—
—
Red Sky INC
—
Deed Of Trust
related
$197,000 · Gulfstream Business 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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