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    Property profile & analytics

    6860 Kanner Hwy Stuart, FL 34997-6315

    • Drive through restaurants
    • 3,161 SF
    • 1.20 lot acres
    OFF-MARKET
    Last Sale
    Dec 13, 2021
    $2,000,000
    Value Estimations
    $1,755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7944285
    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

    • Popeyes Louisiana Kitchen / Chicken Restaurant / Cajun Restaurant

    Property Details for 6860 Kanner Hwy

    Year built
    2017
    Lot size
    1.20 lot acres
    Property size
    3,161 SF
    Property type
    Drive through restaurants
    APN
    55-38-41-431-000-00010-0
    APU
    553841431000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,715,000
      ML approach
      $1,715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,344,000
      Market price range: $921k - $2.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2536
    Latitude
    27.1192
    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
    $23,599
    $747,490
    $667,940
    $1,415,430
    -
    $747,490
    $667,940
    $1,415,430

    Comparable in this City

    • Value Estimation
      $395,000
      2,791 SF

      7596 Lost Riv Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,791 SF
      7596 Lost Riv Rd, Stuart, FL 34997-7454
      View Details
    • Value Estimation
      $285,000
      720 SF

      3483 Federal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 720 SF
      3483 Federal Hwy, Stuart, FL 34997-4915
      View Details
    • Value Estimation
      $2,495,000
      1,914 SF

      6800 Kanner Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,914 SF
      6800 Kanner Hwy, Stuart, FL 34997-6315
      View Details
    • Value Estimation
      $315,000
      3,145 SF

      7700 Lost Riv Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,145 SF
      7700 Lost Riv Rd, Stuart, FL 34997-7237
      View Details
    • Value Estimation
      $300,000
      2,829 SF

      3991 Federal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,829 SF
      3991 Federal Hwy, Stuart, FL 34997
      View Details
    • Value Estimation
      $230,000
      314 SF

      3639 Cv Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 314 SF
      3639 Cv Rd, Stuart, FL 34997-3101
      View Details

    Similar Nearby for Sale

    • $1,400,000
      4,800 SF

      Prime Stuart Retail Investment

      NNN Wells Fargo Ground Lease, 4,800 SF
      5547 Federal Hwy, Stuart, FL 34997
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    • $1,300,000
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      Prime Stuart Retail Investment

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    • $75,000

      Established Military Surplus Store

      Military surplus store with diverse inventory in Northshore Plaza.
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    • $2,800,000

      Retail Property For Sale

      Commercial property suitable for retail or convenience store.
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    • $1,300,000
      Pending

      Wells Fargo Ground Lease Opportunity

      NNN Wells Fargo ground lease with corporate guarantee and escalations.
      5547 SE Federal Hwy, Stuart, FL 34997
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    • $950,000
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      Stuart Commercial/Industrial Opportunity For Sale

      Versatile commercial space in central Stuart location with flexible layout.
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    Similar Nearby for Lease

    • $24 SF/Yr
      950 SF

      Retail/Restaurant/Office Space on Dixie Highway

      950 SF retail/restaurant/office space with high visibility.
      3800-3880 SE Dixie Hwy, Stuart, FL 34997
      View Details
    • $25 SF/Yr
      3,800 SF

      Move-in Ready Restaurant Space

      Restaurant space with dining area, commercial kitchen, and freezer.
      7251 SW Gaines Ave, Stuart, FL 34997
      View Details
    • $25 SF/Yr
      1,000 SF

      Equipped Commercial Kitchen Space

      Well-equipped 1,000 sqft commercial kitchen for lease in Stuart, FL.
      7985-7997 SW Jack James Dr, Stuart, FL 34997
      View Details
    • Contact for pricing
      480 SF

      Stuart Salon Suites for Lease

      Modern Suites, Prime Stuart Location
      6091 Federal Hwy, Stuart, FL 34997
      View Details
    • $15 SF/Yr
      15,220 SF

      Palm Springs Center Retail Units

      High-traffic corner units available now
      6196 Federal Hwy, Stuart, FL 34997
      View Details
    • $5 SF/Yr
      120 SF

      Retail Space Available For Rent

      Retail space available for lease, 120 square feet.
      6027-6127 SE Federal Hwy, Stuart, FL 34997
      View Details
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    6860 Kanner Hwy
    Stuart, FL 34997-6315
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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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