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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
516 Colorado Ave Stuart, FL 34994-3014
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-9202844
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1972
Total area
4,000 SF
Lot
0.23 ac (10,193 SF)
APN
05-38-41-005-021-00040-6
UPID
US18-9202844
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
-
Grassam Family Chiropractic Alternative Medicine Practice
-
Grassam Spine And Wellness Center Alternative Medicine Practice
-
Lisa A Stuart Psc Dgx Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$830k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Lds Of Martin County LLC · 2 yrs held
Lds Of Martin County LLC
since 2024
Last sale
$900,000
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
Method
Estimation
Statistic approach
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$665,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (May 30 2024)
Last sale anchor
$900k
May 30 2024
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
$225 / 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
$10,030
Tax year 2023
Assessed value
$557,431
Assessed 2023
Previous assessed
$557,431
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$265,246
Assessed improvement
$292,185
Land market value
$265,246
Improvement market value
$292,185
Total market value
$557,431
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1972
Heating
NONE
Cooling
YES
Stories
1
Rooms
1
Bathrooms
3
Total area
4,000 SF
Lot
0.23 ac (10,193 SF)
APN
05-38-41-005-021-00040-6
UPID
US18-9202844
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$665,000
COMMERCIAL (GENERAL)
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
1972
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Lds Of Martin County LLC
Entity
Mailing address
516 COLORADO AVE, STUART, FL 34994-3014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
$900,000
Lds Of Martin County LLC
Bernot Investments LLC
Warranty Deed
$720,000 · South State Bank NA
Jun 8, 2010
$321,000
Bernot Investments LLC
Suntrust Bk
Grant Deed
—
Nov 25, 2008
—
Suntrust Bank
Dsp Properties LLC Coc
Trustees Deed
related
—
Sep 12, 2006
$725,000
Dsp Properties LLC
Braid,michael
Warranty Deed
$800,000 · Suntrust Bank NA
Sep 13, 2004
$550,000
Michael Braid
Fragiskakis,ioannis & Vanya
Warranty Deed
—
—
—
Dsp Properties LLC
—
Deed Of Trust
related
$100,000 · Suntrust Bank NA
—
—
Loannis Fragiekakis
—
Deed Of Trust
related
$200,000 · Fidelity Federal Bank & Trust
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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