Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    508 S Colorado Ave Stuart, FL 34994
    Property profile & analytics

    508 S Colorado Ave Stuart, FL 34994

    View on Map
    • Retail space
    • 2,932 SF
    • 0.12 lot acres
    For Sale
    $1,200,000
    View Listing →
    Freestanding Building with Showroom Space For Sale
    $1,200,000
    2,932 SF

    Freestanding Building with Showroom Space

    Freestanding building with showroom and warehouse space for sale.

    508 S Colorado Ave, Stuart, FL 34994
    View Listing
    Property ID
    US18-1933436
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Center Gym / Gym & Fitness Center

    Property Details for 508 S Colorado Ave

    Year built
    1955
    Lot size
    0.12 lot acres
    Property size
    2,932 SF
    Property type
    Retail space
    APN
    05-38-41-005-021-00030-8
    APU
    53841005021000308

    Description

    This exceptional free-standing retail building, located at 508 S Colorado Ave in Stuart, Florida, presents a unique investment opportunity. Boasting 2,932 square feet on a 0.12-acre lot (APN: 05-38-41-005-021-00030-8), this single-story, 1955-built structure is zoned UC-Urban Center, offering versatile usage potential. The property features approximately 1,552 square feet of showroom space, perfect for showcasing products or services, complemented by two offices and two bathrooms for enhanced functionality. A substantial 1,380-square-foot warehouse area in the rear, accessed via a 10x9 roll-up bay door, provides ample storage or workspace. Benefitting from high visibility on South Colorado Avenue, the property offers excellent signage opportunities to maximize brand exposure. The surrounding area is vibrant, featuring trendy shops, offices, and restaurants in Downtown Stuart, ensuring a thriving commercial environment. This property is priced at $1,200,000 ($409.28/sq ft) and represents a compelling investment in a desirable location. The property consists of one unit within a single building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $785,000
      Current use
      COMMERCIAL (GENERAL)
      $720,000
      Change: -9% Conversion: Easy
      MEDICAL BUILDING
      $700,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2531
    Latitude
    27.1959
    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
    $8,298
    $132,623
    $331,617
    $464,240
    -
    $132,623
    $331,617
    $464,240

    Comparable in this City

    • Value Estimation
      $910,000
      6,000 SF

      197 Monterey Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      197 Monterey Rd, Stuart, FL 34994-4472
      View Details
    • Value Estimation
      $4,365,000
      34,257 SF

      1421 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 34,257 SF
      1421 Federal Hwy, Stuart, FL 34994-3905
      View Details
    • Value Estimation
      $755,000
      3,720 SF

      2275 Kanner Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,720 SF
      2275 Kanner Hwy, Stuart, FL 34994-4619
      View Details
    • Value Estimation
      $1,180,000
      6,720 SF

      1960 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,720 SF
      1960 Federal Hwy, Stuart, FL 34994-3916
      View Details
    • Value Estimation
      $720,000
      3,744 SF

      1500 Federal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,744 SF
      1500 Federal Hwy, Stuart, FL 34994-1038
      View Details
    • Value Estimation
      $1,180,000
      6,619 SF

      613 Colorado Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,619 SF
      613 Colorado Ave, Stuart, FL 34994-3015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,082 SF

      Boutique Shops in Downtown Stuart

      Fully leased boutique shops in historic Downtown Stuart, Florida.
      13-31 SW Osceola St, Stuart, FL 34994
      View Details
    • Contact for pricing
      3,046 SF

      Retail Space in Stuart, Florida

      Retail space available for lease in Stuart, Florida.
      726 Sw Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      1,200 SF

      Freestanding Retail Building on US-1

      1,200 SF retail building with high visibility on US-1.
      2095 NW Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      6,400 SF

      Prime Retail Space in Stuart

      Exceptional investment opportunity in a high-visibility location.
      250 SW Monterey Rd, Stuart, FL 34994
      View Details
    • $1,200,000

      Downtown Stuart Corner Mixed-Use Lot

      Prime corner lot near downtown Stuart with mixed-use development potential.
      34 Southeast 6Th St, Stuart, FL 34994
      View Details
    • $19,999,888

      Stuart Shopping Center For Sale

      Prime shopping center in Stuart with diverse tenancy.
      701 NW Federal Hwy, Stuart, FL 34994
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail Space in Martin Square

      Retail space for lease in community shopping center.
      3010-3150 SE Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space on US-1 Frontage

      Retail spaces available in Stuart, FL, on US-1.
      5551-5577 SE Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      3,800 SF

      Retail Space in Stuart Center

      Retail space in a newly renovated, Publix-anchored shopping center.
      730-746 SW Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      860 SF

      Retail Space in Stuart Center

      Retail space for lease in a newly renovated shopping center.
      790-894 SW Federal Hwy, Stuart, FL 34994
      View Details
    • Contact for pricing
      3,368 SF

      Retail Center on Federal Highway

      Retail and office spaces in Stuart's iconic lifestyle center.
      920 SE Federal Hwy, Stuart, FL 34994
      View Details
    • $16 SF/Yr
      1,000 SF

      Retail Space For Rent

      Retail space available for lease in Stuart, Florida.
      1823-1855 SE Federal Hwy, Stuart, FL 34994
      View Details
    View Listing
    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.
    508 S Colorado Ave
    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

    Thank You for Inquiry
    508 S Colorado Ave, Stuart, FL, 34994
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!