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611 SW Federal Hwy, Stuart, FL 34994
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Property summary
AI-generated overview
Northgate Plaza, a meticulously maintained two-story office building in Stuart, Florida, offers 13,785 square feet of traditional office space for lease. Located at 611 SW Federal Hwy, 34994, this prime location boasts excellent visibility on US1, just steps from downtown Stuart and less than half a mile from Kanner Highway, providing easy access to Florida's Turnpike and I-95. The property features multiple units available, ranging from 315 to 2,560 contiguous square feet, ideal for a variety of medical and professional businesses. The 0.945-acre site benefits from ample parking. Recent improvements include brand new HVAC units (2022) and a freshly restriped and sealed parking lot. The surrounding area offers convenient access to numerous national retailers, including Publix, Subway, Dunkin' Donuts, Wawa, and the Cleveland Clinic North. The property is zoned Urban Highway and features a single building constructed in 1963. This is an excellent opportunity to secure executive office space in a thriving location. The APN is 05-38-41-006-001-00050-4, Martin County. Contact us today to learn more about available spaces and lease terms.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1983
Construction
WOOD
Total area
13,785 SF
Lot
0.94 ac (41,164 SF)
APN
05-38-41-006-001-00050-4
UPID
US18-0936462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Crisis Center Medical Clinic
-
Physician Medical Clinic
-
Photography Service (Bike/Boat/Book/etc) Store
-
Bank Credit Union
-
Consultant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
$2.87M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.15M
Owner & transaction history
since 2025
Last sale
$2.0M
4 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.15M
Value range
$1.94M – $2.37M
±10% around blend
Estimated value / SF
$156 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$1.94M
blend $2.15M
$2.37M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,785 SF
Lot area
0.94 ac
Year built
1983
Stories
2
APN
05-38-41-006-001-00050-4
Assessed value
$1,222,790
Annual tax
$20,142
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.87M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.10M
@ 6.5% CAP return
$2.87M
@ 7% CAP return
$2.66M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$20,142
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.04M
Range $1.81M – $5.45M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 129 sales
$245
-36%
Submarket 187 sales
$219
-29%
County 284 sales
$230
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $156/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
8.70%
Selected cap rate for this office spaces
Derived from the Stuart market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.70%
9.0%
NOI (est.)
$174k *
Last sale · Jul 2025
$1.98M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.00M
Move the market yield to see immediate price impact.
Value / SF
$145
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.20%8.70%9.20%
$157k
$1.91M
$1.80M
$1.70M
$174k
$2.12M
$2.00M
$1.89M
$192k
$2.34M
$2.20M
$2.08M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,142
Tax year 2023
Assessed value
$1,222,790
Assessed 2023
Previous assessed
$1,222,790
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$411,740
Assessed improvement
$811,050
Land market value
$411,740
Improvement market value
$811,050
Total market value
$1,222,790
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Rooms
1
Bathrooms
6
Total area
13,785 SF
Lot
0.94 ac (41,164 SF)
APN
05-38-41-006-001-00050-4
UPID
US18-0936462
Jurisdiction
MARTIN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
6
Lot
0.94 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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