Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    701 Tarpon Ave Stuart, FL 34994-3166
    Back to Search
    Property profile & analytics

    701 Tarpon Ave, Stuart, FL 34994-3166

    View on Map
    • Residential income homes
    • 7,048 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Nov 22, 2024
    $1,900,000
    Property ID
    US18-6598177
    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.
    Value Estimations
    $1,900,000
    Show details
    Cap Rate Potential
    4.5%
    Residential income homes
    Location Intelligence

    Current Use by Public Records

    • Emerald V / Homestay

    Property Details for 701 Tarpon Ave

    Year built
    1958
    Lot size
    0.20 lot acres
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    04-38-41-017-008-00220-4
    APU
    43841017008002204

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2024 $1,900,000 Se Tarpon Partners LLC Cocoa 1818 LLC Special Warranty Deed —
    Jun 6, 2019 — Cocoa 1818 LLC — Deed · related $400k · Lauderhill Investments LLC
    Aug 22, 2017 $190,000 Cocoa 1818 LLC 701 Se Tarpon Ave LLC Warranty Deed $200k · Summer 22nd Ave LLC
    Jul 2, 2014 $35,000 701 Se Tarpon Ave LLC Isaac Mccarty Warranty Deed —
    — — Cocoa 1818 LLC — Deed Of Trust · related $400k · Lauderhill Investments LLC

    Description

    This exceptional 7,048 square foot special purpose building in Stuart, Florida, presents a compelling investment opportunity. Located at 701 SE Tarpon Avenue, this 34-unit property boasts a prime location, situated near the Police Station and within a newly zoned redevelopment area. Built in 1958, the property currently generates a gross net operating income of $252,960.00. The existing business model focuses on providing rental rooms to honorably discharged veterans, a niche market offering consistent revenue. The property's strategic location in a rapidly growing city like Stuart, within Martin County (zip code 34994), ensures strong potential for future appreciation. The building's substantial size and established income stream make it an attractive proposition for investors seeking a stable and profitable venture. This is a rare chance to acquire a well-established property in a thriving Florida community, offering both financial returns and the satisfaction of serving a deserving population. The asking price is $2,150,000. The lot size is not specified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,900,000
      ML approach
      $1,900,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,435,000
      6.5%
      $1,325,000
      7%
      $1,230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,288,000
      Market price range: $1.29M - $5.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2409
    Latitude
    27.1937
    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
    $6,342
    $31,870
    $313,460
    $345,330
    -
    $31,870
    $313,460
    $345,330

    Comparable in this City

    • Value Estimation by Request
      2,548 SF

      512 St Lucie Cres

      Multifamily properties
      512 St Lucie Cres, Stuart, FL 34994
      View Details
    • Value Estimation by Request
      897 SF

      1699 Seneca Ave

      MOBILE HOME PARK, TRAILER PARK
      1699 Seneca Ave, Stuart, FL 34994-1831
      View Details
    • Value Estimation by Request
      597 SF

      2699 Penny Ln

      MOBILE HOME PARK, TRAILER PARK
      2699 Penny Ln, Stuart, FL 34994-4713
      View Details
    • Value Estimation by Request
      1,108 SF

      2669 Penny Ln

      MOBILE HOME PARK, TRAILER PARK
      2669 Penny Ln, Stuart, FL 34994-4713
      View Details
    • Value Estimation by Request
      984 SF

      2464 Penny Ln

      MOBILE HOME PARK, TRAILER PARK
      2464 Penny Ln, Stuart, FL 34994-4735
      View Details
    • Value Estimation by Request
      1,128 SF

      2670 Penny Ln

      MOBILE HOME PARK, TRAILER PARK
      2670 Penny Ln, Stuart, FL 34994-4714
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,114 SF

      101 SW Ocean Boulevard, Stuart, FL 34994

      Mixed-use properties
      101 SW Ocean Blvd, Stuart, FL 34994
      View Details
    • Contact for pricing
      12,622 SF

      Downtown Stuart Riverfront Development Opportunity

      Rare riverfront property in downtown Stuart with redevelopment potential.
      15 SE Seminole St, Stuart, FL 34994
      View Details
    • $1,200,000

      Downtown Stuart Corner Mixed-Use Lot

      Prime corner lot near downtown Stuart with mixed-use development potential.
      34 Southeast 6Th St, Stuart, FL 34994
      View Details
    • $805,000

      Stuart Corner Property with Potential

      Mixed-use property in Stuart with multi-unit and commercial potential.
      621 NW Australian St, Stuart, FL 34994
      View Details
    • Contact for pricing
      8,114 SF

      Garage Space in Downtown Stuart

      Well-maintained garage space with apartments in downtown Stuart.
      101 SW Ocean Blvd, Stuart, FL 34994
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      Stuart Office/Retail Storefront with Storage

      Office/retail space with loft storage and garage in Stuart.
      2518 SE Willoughby Blvd, Stuart, FL 34994
      View Details
    • $1,800 /Mo

      Medical Office Near Cleveland Clinic

      Medical office space for lease across from Cleveland Clinic Hospital.
      528 SE Osceola St, Stuart, FL 34994
      View Details
    • $28 SF/Yr

      Downtown Stuart Commercial Office Space

      Commercial office space in downtown Stuart available for immediate occupancy.
      218 SE Osceola St, Stuart, FL 34994
      View Details
    • $1,100 /Mo
      10,001 SF

      Downtown Stuart Office Space Available

      Professional office space in historic downtown Stuart building for lease.
      300 S Colorado Ave, Stuart, FL 34994
      View Details
    • Contact for pricing
      1,800 SF

      Industrial Space with Office

      1,800 SF industrial space with office and warehouse.
      1205-1217 SE Dixie Cutoff Rd, Stuart, FL 34994
      View Details
    • Contact for pricing
      3,938 SF

      Freestanding Restaurant Building For Lease

      Freestanding restaurant in active retail area with ample parking.
      1961 SE Federal Hwy, Stuart, FL 34994
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 Tarpon Ave
    Stuart, FL 34994-3166
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    701 Tarpon Ave, Stuart, FL, 34994
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!