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Property profile & analytics
FOR LEASE
Bowling alleys
6801 S Kanner Hwy, Stuart, FL 34997
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3748474
For Lease
1 / 2
$38 SF/Yr
6801 S Kanner Hwy, Stuart, FL 34997
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Property summary
AI-generated overview
This exceptional 21.44-acre site in Stuart, Florida, presents a remarkable opportunity for multifamily development. The approved site plan allows for the construction of a 308-unit luxury apartment complex across four buildings. Strategically located on S Kanner Hwy, this property benefits from convenient access to I-95 and US-1, ensuring easy commuting. The site's proximity to established businesses like Starbucks, Del Taco, and Heartland Dental enhances its appeal and commercial viability. Zoned CPUD, this residential land parcel offers investors and developers a chance to capitalize on the growing demand for multifamily housing in the thriving Stuart market. The property's location within Martin County, Florida, and its 34997 zip code, further underscores its desirability. This is a turnkey opportunity to develop a high-value residential community in a rapidly expanding area. The site's latitude and longitude coordinates are 27.121250867188646 and -80.25274439158643 respectively.
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1990
Total area
8,630 SF
Lot
24.44 ac (1,064,824 SF)
APN
55-38-41-000-043-00030-2
UPID
US18-3748474
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
-
Bobby P Golf @ 76 Golf World Golf Instructor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$670k
Owner & transaction history
Salemo Reserve HOA INC · 1 yrs held
Salemo Reserve HOA INC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+158.2%
Commercial (general)
$1.1M
+151.4%
Industrial (general)
$995,000
+130.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Stuart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stuart submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Change: +158% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,085,000
Change: +151% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$995,000
Change: +131% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$745,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$585,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$124,712
Tax year 2023
Assessed value
$7,480,000
Assessed 2023
Previous assessed
$7,480,000
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$7,480,000
Land market value
$7,480,000
Total market value
$7,480,000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bowling alleys
Use group
BOWLING ALLEY
Status
For Lease
Year built
1990
Heating
NONE
Cooling
YES
Stories
1
Rooms
2
Bathrooms
3
Total area
8,630 SF
Lot
24.44 ac (1,064,824 SF)
APN
55-38-41-000-043-00030-2
UPID
US18-3748474
Jurisdiction
MARTIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$430,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$995,000
RETAIL STORES
Est. value
$935,000
MEDICAL BUILDING
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$585,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
3
Lot
24.44 ac
Current owner
From public records · entity-resolved
Salemo Reserve HOA INC
Entity
Free & Clear · 1 yrs held
Mailing address
2401 UTAH AVE, SEATTLE, WA 98134-1436
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
Gehf I Stuart LLC
—
Deed
related
$48,134,528 · Pnc Bank NA
Feb 25, 2025
—
Salemo Reserve HOA INC
Baron Landings LLC
Quitclaim Deed
related
—
Aug 28, 2023
—
Starbucks Corporation
Baron Landings LLC
Lease
—
Dec 22, 2021
$8,800,000
Baron Landings LLC
Evelyn Deggeller
Warranty Deed
—
May 14, 2007
—
Mccraney Property Co
Deggeller Irvin Trust
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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