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

    6196 Federal Hwy Stuart, FL 34997

    • Community centers
    • 15,220 SF
    • 2.07 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Jan 03, 2022
    $2,302,500
    Value Estimations
    $2,230,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5290390
    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

    • The Boil Daddy - Stuart / Restaurant

    Property Details for 6196 Federal Hwy

    Year built
    1990
    Lot size
    2.07 lot acres
    Property size
    15,220 SF
    Property type
    Community centers
    APN
    36-38-41-004-000-00350-0
    APU
    363841004000003500

    Description

    The Palm Springs Center, situated at 6196 SE Federal Highway in South Stuart, Florida, presents a prime retail opportunity. This single-story, 15,220 square foot plaza, built in 1990 and recently renovated, boasts a highly visible location directly on SE Federal Highway, ensuring significant foot and vehicle traffic. Currently, 4,275 square feet of retail space is available for lease, ideal for multiple tenants. The property is zoned LC (Limited Commercial District) within Martin County, allowing for a variety of commercial uses. The plaza's design includes corner units, perfect for businesses seeking maximum exposure. The existing tenancy indicates a successful track record for retail ventures in this location. The substantial square footage offers flexibility for businesses of various sizes and needs. This is an exceptional opportunity to establish or expand a retail presence in a thriving South Stuart location with high visibility and convenient access. The property's recent renovations ensure modern amenities and a well-maintained environment for tenants and customers alike. The strategic location on a major highway guarantees consistent exposure to a large potential customer base. Don't miss this chance to secure your space in this vibrant retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,545,000
      ML approach
      $1,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,577,000
      Market price range: $1.75M - $2.80M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,225,000
      Current use
      MEDICAL BUILDING
      $3,625,000
      Change: +63% Conversion: Difficult
      RETAIL STORES
      $3,565,000
      Change: +60% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,395,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,185,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2
    Latitude
    27.1284
    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
    $36,097
    $900,000
    $1,291,320
    $2,191,320
    -
    $900,000
    $1,291,320
    $2,191,320

    Comparable in this City

    • Value Estimation
      $4,305,000
      37,429 SF

      5800 Federal Hwy

      MINI-MALL • 37,429 SF
      5800 Federal Hwy, Stuart, FL 34997-7836
      View Details
    • Value Estimation
      $1,975,000
      12,222 SF

      4320 Federal Hwy

      MINI-MALL • 12,222 SF
      4320 Federal Hwy, Stuart, FL 34997-5941
      View Details
    • Value Estimation
      $1,395,000
      11,650 SF

      3077 Dixie Hwy

      MINI-MALL • 11,650 SF
      3077 Dixie Hwy, Stuart, FL 34997-5041
      View Details
    • Value Estimation
      $1,240,000
      13,080 SF

      2200 Indian St

      MINI-MALL • 13,080 SF
      2200 Indian St, Stuart, FL 34997-4923
      View Details
    • Value Estimation
      $16,805,000
      157,092 SF

      5801 Federal Hwy

      MINI-MALL • 157,092 SF
      5801 Federal Hwy, Stuart, FL 34997-7869
      View Details
    • Value Estimation
      $1,945,000
      11,844 SF

      4430 Federal Hwy

      MINI-MALL • 11,844 SF
      4430 Federal Hwy, Stuart, FL 34997-5746
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Prime Stuart Retail Space

      High-Traffic Retail Unit, Ready to Lease
      6374 Federal Hwy, Stuart, FL 34997
      View Details
    • $1,300,000
      2,205 SF

      Prime Stuart Retail Investment

      NNN Wells Fargo Ground Lease, High ROI
      5547 Federal Hwy, Stuart, FL 34997
      View Details
    • $1,400,000
      4,800 SF

      Prime Stuart Retail Investment

      NNN Wells Fargo Ground Lease, 4,800 SF
      5547 Federal Hwy, Stuart, FL 34997
      View Details
    • $75,000

      Established Military Surplus Store

      Military surplus store with diverse inventory in Northshore Plaza.
      755 NW Federal Hwy, Stuart, FL 34997
      View Details
    • $2,800,000

      Retail Property For Sale

      Commercial property suitable for retail or convenience store.
      4504 SE Federal Hwy, Stuart, FL 34997
      View Details
    • $950,000
      0.31 Acres

      Stuart Commercial/Industrial Opportunity For Sale

      Versatile commercial space in central Stuart location with flexible layout.
      3173 SE Railroad Ave, Stuart, FL 34997
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,350 SF

      Retail Space in Stuart, FL

      Retail space available in a busy shopping center.
      6067 SE Federal Hwy, Stuart, FL 34997
      View Details
    • Contact for pricing

      Stuart Retail Space For Lease

      Retail space for lease in Stuart, Florida.
      3208 SE Federal Hwy, Stuart, FL 34997
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on US Highway 1

      Retail space with excellent exposure and signage on US Highway.
      Federal Hwy. & Indian St, Stuart, FL 34997
      View Details
    • Contact for pricing
      1,769 SF

      Retail Space Near Walmart Supercenter

      Retail space for lease in Stuart, Florida near US-1.
      3951-3959 SE Federal Hwy, Stuart, FL 34997
      View Details
    • Contact for pricing

      Retail Space on US-1

      Retail spaces available in Stuart, Florida, anchored by Winn-Dixie.
      3320 SE Salerno Rd, Stuart, FL 34997
      View Details
    • $24 SF/Yr
      1,050 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      6526-6590 S Kanner Hwy, Stuart, FL 34997
      View Details
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    6196 Federal Hwy
    Stuart, FL 34997
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    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
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