| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 48th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 SE Palm Beach Rd, Stuart, FL, 34994, US |
| Region / Metro | Stuart |
| Year of Construction | 1973 |
| Units | 104 |
| Transaction Date | 2010-11-01 |
| Transaction Price | $2,800,000 |
| Buyer | Stuart Breezes, LLC |
| Seller | PBE Co., LLC (Sovereign Bank) |
1201 SE Palm Beach Rd Stuart Multifamily Opportunity
Neighborhood-level demand signals point to a stable renter base supported by household growth within 3 miles, according to WDSuite’s CRE market data. Focus centers on renter pool expansion and relative affordability that can support steady leasing.
Stuart’s suburban setting offers everyday convenience that supports resident retention: neighborhood amenity access scores in the upper tiers nationally, with restaurants and cafes landing in the 91st and upper-70s percentiles. Parks and pharmacies also index well (mid-70s percentiles), while grocery options are closer to the national middle. These are neighborhood-level indicators, not property-specific measures.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding over the next five years, indicating a larger tenant base. Median household income in the area has trended higher, which, paired with a rent-to-income profile that suggests moderate affordability, can help support occupancy stability and renewal probability for multifamily operators.
Home values in the neighborhood sit above many national peers (national percentile high-50s) and value-to-income measures trend elevated, signaling a relatively high-cost ownership market. For investors, that typically sustains reliance on rental housing and can underpin pricing power when managed carefully.
On a metro-relative basis, the neighborhood ranks 19th out of 104 in the Port St. Lucie, FL metro, which is competitive among Port St. Lucie neighborhoods. However, neighborhood housing occupancy levels trend softer than both metro and national benchmarks; investors should budget for targeted leasing and retention strategies while leveraging the area’s amenity depth and growing 3-mile renter base.
Safety indicators present a mixed but constructive picture. Metro-relative ranking places the neighborhood near the higher-crime end (ranked 2 out of 104 metro neighborhoods, where low ranks indicate more reported crime), yet national comparisons are more favorable: the area sits in the 72nd percentile for overall safety nationwide, with violent offense rates in the 83rd percentile and property offenses around the 99th percentile versus neighborhoods across the U.S. These are neighborhood-level signals, not block-specific assessments.
Recent trend data also point to improvement, with both violent and property offense rates showing year-over-year declines. For investors, this combination—metro-relative caution with nationally favorable percentiles and improving trends—supports a prudent approach: underwrite with realistic assumptions, monitor local policing and community initiatives, and emphasize on-site measures that reinforce resident confidence.
Regional employment access supports workforce housing demand, with proximity to utilities, food distribution, financial services, and logistics that can aid leasing stability and retention.
- NextEra Energy — utilities (25.1 miles) — HQ
- Sysco Southeast Florida — food distribution (30.4 miles)
- Siegel Financial Group - Northwestern Mutual — financial services (34.4 miles)
- CVS Distribution Center — logistics & distribution (36.3 miles)
This 104-unit asset sits in a neighborhood that is competitive within the Port St. Lucie metro (19th of 104) and benefits from strong amenity access and a growing 3-mile renter base. Neighborhood home values trend elevated relative to incomes, reinforcing reliance on rental housing. While neighborhood housing occupancy metrics run softer than metro and national norms, demand drivers—household growth, widening income bands, and convenient daily services—support a case for stable leasing with disciplined operations, according to CRE market data from WDSuite.
Forward-looking indicators are constructive: within 3 miles, WDSuite projects continued population and household growth alongside rising incomes, which can expand the tenant pool and help sustain occupancy and rent performance. Balanced against this are neighborhood-level risks such as weaker school ratings and metro-relative crime ranking, suggesting thoughtful underwriting and asset management focus on resident experience, marketing, and renewals.
- Competitive neighborhood positioning in the metro with strong amenity access supporting renter appeal
- 3-mile population and household growth expand the tenant base and support leasing
- Elevated ownership costs locally reinforce reliance on multifamily housing, aiding pricing power
- Employers within regional commuting range provide diversified demand for workforce renters
- Risks: softer neighborhood occupancy, weaker school ratings, and metro-relative crime ranking warrant conservative underwriting