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Property profile & analytics
FOR LEASE
Medical Office Space
816 SE Ocean Blvd Stuart, FL 34994
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-4129846
For Lease
1 / 2
$515,000
816 SE Ocean Blvd, Stuart, FL 34994
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Property summary
AI-generated overview
This 3,476 square foot Class C medical office building in Stuart, Florida, presents a unique owner-user opportunity. Situated on a 0.474-acre lot at 816 SE Ocean Blvd, this single-story, 1984-built property boasts ample parking (19+ spaces), excellent visibility, and convenient access. The flexible floor plan includes multiple entrances, at least seven exam rooms, doctor's offices, waiting/reception areas, billing/bookkeeping offices, a lab, storage, and three bathrooms. The property is zoned R-3 (Residential-Multi-Family/Office) and is subject to a ground lease expiring November 30, 2033, with an annual cost of $22,800 and a 30-year renewal option. Its location within Stuart's primary medical district, near the Cleveland Clinic Hospital, ensures high visibility and accessibility. The asking price is $600,000. APN: 04-38-41-021-002-00060-4.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Total area
3,476 SF
Lot
0.47 ac (20,647 SF)
APN
04-38-41-021-002-00060-4
UPID
US18-4129846
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
-
Moore Primary Care, LLC. Medical Clinic
-
Dr. Lara J. Fix, Do Physician Medical Clinic
-
De Vault III Walter D MD Physician
-
Sandsprit Insurance Insurance Agency
-
Agnew Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Haven Realestate Management Company
Haven Realestate Management Company
since 2025
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$850,000
+2.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $500k (Dec 18 2025)
Last sale anchor
$500k
Dec 18 2025
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
$148 / 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
$10,875
Tax year 2023
Assessed value
$638,570
Assessed 2023
Previous assessed
$506,872
+26.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$247,500
Assessed improvement
$391,070
Land market value
$247,500
Improvement market value
$391,070
Total market value
$638,570
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1984
Heating
NONE
Cooling
YES
Stories
1
Rooms
1
Bathrooms
3
Total area
3,476 SF
Lot
0.47 ac (20,647 SF)
APN
04-38-41-021-002-00060-4
UPID
US18-4129846
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
MEDICAL BUILDING Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$850,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1984
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
3
Lot
0.47 ac
Current owner
From public records · entity-resolved
Haven Realestate Management Company
Entity
Mailing address
119 SW HIDEAWAY PL, STUART, FL 34994-4848
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$500,000
Haven Realestate Management Company
Devault Properties Of Stuart LLC
Deed
—
—
—
Devault Prop Of Stuart LLC
—
Loan Modification
related
—
—
—
David E Bright
—
Deed Of Trust
related
$182,834 · First Nat'l Bk & Tr Treasure C
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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