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6196 Federal Hwy Stuart, FL 34997-8108

Community centers Google Maps
15,220 SF 2.07 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.55M
Range $1.39M – $1.70M (±10%)
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

Current use

Occupant on record · Public records
  • 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
$1.55M

Owner & transaction history

since 2022
Last sale
$2.3M
4 recorded transactions
2022
$2.3M
2020
Price N/A
2018
$2.1M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $3.6M +63.0%
Retail stores $3.6M +60.4%
Industrial (general) $2.4M +7.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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