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

    615 Saint Lucie Cres Stuart, FL 34994-2860

    • Office Properties & Spaces
    • 3,120 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Jul 30, 2021
    $931,000
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    5.2%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US19-0867832
    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

    • Office Properties & Spaces

    Property Details for 615 Saint Lucie Cres

    Year built
    1989
    Lot size
    0.32 lot acres
    Property size
    3,120 SF
    Property type
    Office Properties & Spaces
    APN
    05-38-41-001-000-00510-5
    APU
    53841001000005105

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $810,000
      ML approach
      $845,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $700,000
      6.5%
      $650,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $888,000
      Market price range: $410k - $1.23M
      AI Estimate
      $602,000
      Market price range: $226k - $796k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $765,000
      Current use
      RETAIL STORES
      $840,000
      Change: +10% Conversion: Easy
      MEDICAL BUILDING
      $745,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2588
    Latitude
    27.195
    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
    $9,432
    $96,390
    $437,210
    $533,600
    -
    $96,390
    $437,210
    $533,600

    Comparable in this City

    • Value Estimation by Request
      46,000 SF

      41 Seminole St

      Office space • 46,000 SF
      41 Seminole St, Stuart, FL 34994
      View Details
    • Value Estimation
      $9,675,000
      41,235 SF

      221 Osceola St

      OFFICE (GENERAL) • 41,235 SF
      221 Osceola St, Stuart, FL 34994-2213
      View Details
    • Value Estimation
      $2,750,000
      14,011 SF

      301 Flagler Ave

      OFFICE (GENERAL) • 14,011 SF
      301 Flagler Ave, Stuart, FL 34994-1152
      View Details
    • Value Estimation
      $1,315,000
      5,915 SF

      320 Florida St

      OFFICE (GENERAL) • 5,915 SF
      320 Florida St, Stuart, FL 34994-3815
      View Details
    • Value Estimation
      $1,615,000
      8,616 SF

      500 Dixie Hwy

      OFFICE (GENERAL) • 8,616 SF
      500 Dixie Hwy, Stuart, FL 34994-3054
      View Details
    • Value Estimation by Request
      2,261 SF

      300 Alice Ave

      OFFICE (GENERAL) • 2,261 SF
      300 Alice Ave, Stuart, FL 34994-1006
      View Details

    Similar Nearby for Sale

    • $925,000
      4,316 SF

      Oceanfront Stuart Office Condo

      Prime Location, 4,316 sq ft Office
      900 Ocean Blvd, Stuart, FL 34994
      View Details
    • $2,150,000
      0.51 Acres

      Downtown Stuart Commercial Buildings For Sale

      Two buildings in downtown Stuart suitable for office or retail.
      300 SE Detroit Ave, Stuart, FL 34994
      View Details
    • $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
    • $2,750,000
      22,500 SF

      Stuart Office Building For Sale

      22,500 SF office building in growing downtown Stuart.
      851 SE Johnson Ave, Stuart, FL 34994
      View Details
    • $1,299,000
      2,184 SF

      Stuart Office Space For Sale

      Office space available in Stuart, Florida.
      101 SE Martin Luther King Jr Blvd, Stuart, FL 34994
      View Details
    • $875,000
      8,797 SF

      Waterfront Condominium in Downtown Stuart

      Rare waterfront condominium near Cleveland Clinic Hospital and Downtown Stuart.
      401 SE Osceola St, Stuart, FL 34994
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      151,246 SF

      Downtown Stuart Retail Center

      Newly renovated Publix-anchored plaza.
      728-894 Federal Hwy – Stuart, Stuart, FL 34994
      View Details
    • $22 SF/Yr
      765 SF

      Stuart Office Space: 765 sq ft

      Prime Stuart Office, Ample Parking
      609 Central Pkwy, Stuart, FL 34994
      View Details
    • $37 SF/Yr
      310 SF

      Prime Stuart Executive Office Suite

      112 sq ft Available, All Utilities Included
      607 St Lucie Cres, Stuart, FL 34994
      View Details
    • $0.78 SF/Yr
      46,201 SF

      Luxury Stuart Office Condo Suite

      Premium waterfront office, brand new construction.
      41 Seminole St, Stuart, FL 34994
      View Details
    • $47 SF/Yr
      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
    • $21 SF/Yr
      11,674 SF

      Second Floor Office Space Available

      11,674 SF office space with kitchen and elevator.
      1000 SE Ruhnke St, 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.
    615 Saint Lucie Cres
    Stuart, FL 34994-2860
    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.