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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    433 Ocean Blvd Stuart, FL 34994

    • Medical offices
    • 4,059 SF
    • 0.38 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4019173
    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

    • Physicians To Women: Mc Naney-Flint Heidi M MD / Doctor
    • Christine Gail Stuart Oncology Psl / Oncologist
    • Ravi Kumar Stuart Oncology Slw / Oncologist
    • Hochman Michael H MD / Obstetrician-Gynecologist
    • Ravi K. Patel, MD / Oncologist

    Property Details for 433 Ocean Blvd

    Year built
    1977
    Construction
    FRAME
    Lot size
    0.38 lot acres
    Property size
    4,059 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    04-38-41-020-001-00090-1
    APU
    43841020001000901

    Description

    This exceptional single-tenant medical office building, located at 433 SE Ocean Blvd, offers 4,059 square feet of meticulously designed space. Situated on a 0.382-acre lot, the property boasts a convenient location at the cross streets of SE Illinois Ave & SE Ocean Blvd in Martin County, Florida. Built in 1977, this one-story building features 18 parking spaces, providing ample parking for staff and patients. The interior is thoughtfully configured to meet the needs of a thriving medical practice, including six exam rooms, three doctors' offices, a dedicated treatment area, a reception area, and four bathrooms. The property's zoning is R3 - Residential - Multi-Family/Office, offering flexibility and potential for future development. The building's APN is 04-38-41-020-001-00090-1. The entire 4,059 square feet is currently vacant, presenting a unique opportunity for immediate occupancy. This turnkey solution combines prime location, ample parking, and a well-designed layout, making it an ideal investment for healthcare professionals seeking a comfortable and efficient workspace. The property is ready for immediate occupancy.

    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
    -80.2458
    Latitude
    27.1978
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,386
    $199,800
    $442,910
    $642,710
    -
    $199,800
    $442,910
    $642,710

    Comparable in this City

    • Value Estimation
      $5,735,000
      38,892 SF

      3441 Willoughby Blvd

      MEDICAL BUILDING • 38,892 SF
      3441 Willoughby Blvd, Stuart, FL 34994-5060
      View Details
    • Value Estimation
      $18,285,000
      87,393 SF

      3801 Kanner Hwy

      MEDICAL BUILDING • 87,393 SF
      3801 Kanner Hwy, Stuart, FL 34994-4801
      View Details
    • Value Estimation by Request
      2,764 SF

      841 Ocean Blvd

      MEDICAL BUILDING • 2,764 SF
      841 Ocean Blvd, Stuart, FL 34994-2427
      View Details
    • Value Estimation
      $1,440,000
      8,855 SF

      2648 Federal Hwy

      MEDICAL BUILDING • 8,855 SF
      2648 Federal Hwy, Stuart, FL 34994-9318
      View Details
    • Value Estimation
      $560,000
      4,536 SF

      987 Monterey Rd

      MEDICAL BUILDING • 4,536 SF
      987 Monterey Rd, Stuart, FL 34994-4508
      View Details
    • Value Estimation
      $560,000
      3,489 SF

      640 Ocean Blvd

      MEDICAL BUILDING • 3,489 SF
      640 Ocean Blvd, Stuart, FL 34994-2317
      View Details

    Similar Nearby for Sale

    • $600,000
      3,476 SF

      Ocean Blvd Medical Office Building

      Prime Stuart, FL Medical Office - Owner/User
      816 Ocean Blvd, Stuart, FL 34994
      View Details
    • $550,000
      3,476 SF

      Medical Office Building For Sale

      High-profile medical office with flexible floor plan and ample parking.
      816 SE Ocean Blvd, Stuart, FL 34994
      View Details
    • $995,888
      0.38 Acres

      Waterfront Property in Historic Downtown

      Versatile B-2 zoned property in Stuart's CRA with waterfrontage.
      201 SW 6Th St, Stuart, FL 34994
      View Details
    • $599,900
      0.03 Acres

      Office Condo in Willoughby Center

      Centrally located office condo with rental income potential.
      2682 SE Willoughby Blvd, Stuart, FL 34994
      View Details
    • $469,900
      703 SF

      New Office Space in Stuart

      Premium office space in waterfront luxury condominium, Stuart, Florida.
      41 SW Seminole St, Stuart, FL 34994
      View Details
    • $299,990

      Versatile Commercial Space in Stuart

      Adaptable commercial property suitable for retail, office, or showroom use.
      Stuart, FL 34994
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Downtown Stuart Commercial Space Available

      Commercial space in downtown Stuart, suitable for office or retail.
      300 SE Detroit Ave, 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
    • $10 SF/Yr
      11,175 SF

      Downtown Stuart Commercial Spaces

      Multiple units, prime location, flexible spaces.
      701 Federal Hwy, Stuart, FL 34994
      View Details
    • $26 SF/Yr
      33,726 SF

      Downtown Stuart Office Condo

      Turnkey Medical/Office Suite, Ample Parking
      900 Ocean Blvd, Stuart, FL 34994
      View Details
    • $40 SF/Yr
      10,741 SF

      Heritage Hall Office Suites

      Prime Stuart Office Space Available
      1320 Federal Hwy, Stuart, FL 34994
      View Details
    • $16 SF/Yr
      172,000 SF

      Regency Square Shopping Center

      Restaurants • 172,000 SF
      2410 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.
    433 Ocean Blvd
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.