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    FOR LEASE
    Community centers

    6196 Se Federal Hwy, Stuart, FL 34997

    15,220 SF 2.07 ac lot Built 1990
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US18-5290390
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1990
    Total area 15,220 SF
    Lot 2.07 ac (89,995 SF)
    APN 36-38-41-004-000-00350-0
    UPID US18-5290390
    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
    • The Boil Daddy - Stuart Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.53M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.58M
    Blend (final) Blend
    $2.23M
    Owner & transaction history
    6200 Stuart LLC · 4 yrs held
    6200 Stuart LLC
    since 2022
    Last sale
    $2.3M
    4 recorded transactions
    2022
    $2.3M
    2020
    2018
    $2.1M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $3.6M +63.0%
    Retail stores $3.6M +60.4%
    Industrial (general) $2.4M +7.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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