Retail Condo on Busy
1038 SW Bayshore Boulevard Port St Lucie, FL
For Sale
$325,000
SINGLE_FAMILY - Port St. Lucie, FL
Property Size800 SF
Price / SF$406.25
Days on Market132
Property Features for 1038 SW Bayshore Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
CG
Parking
58
Standard status
Active
APN
343150000120005
Size
800 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LTR EXQUISITE SHOPPES UNIT 12 (OR 1266-2145)
Tax Annual Amount
3140
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Flooring type
Tile
Building materials
Concrete Block - With Stucco
Roof type
Flat
Listing Agency:
RE/MAX Gold
(772) 607-9600
Listed By:
Eric Reikenis · License #3622571
(561) 339-1344
Added: Mar 19
Changed: Jul 13
Last Checked: Jul 28 at 3:06PM
MLS# B26005730
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale retail condo offers approximately 800 square feet of retail space and is zoned CG. The property is described as being located directly on Bayshore Boulevard.
The listing remarks cite Bayshore Boulevard as one of the busiest retail corridors in Port St. Lucie, with currently 0% retail vacancy. The public information also states 22,000 average daily trips, supporting the property’s emphasis on road exposure at 1038 SW Bayshore Boulevard.
Overall, this is a compact retail unit presented as a storefront-style condo opportunity along a high-traffic retail corridor.
The listing remarks cite Bayshore Boulevard as one of the busiest retail corridors in Port St. Lucie, with currently 0% retail vacancy. The public information also states 22,000 average daily trips, supporting the property’s emphasis on road exposure at 1038 SW Bayshore Boulevard.
Overall, this is a compact retail unit presented as a storefront-style condo opportunity along a high-traffic retail corridor.
Key Highlights
- Prime location on Bayshore Blvd, a high‑traffic retail corridor.
- Extremely low retail vacancy (0%) in the area.
- High road exposure with 22,000 average daily trips.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.4k | $18.00 |
| − Vacancy | −$1.2k | −$1.53 |
| EGI | $13.2k | $16.47 |
| − OpEx | −$4.0k | −$4.94 |
| NOI | $9.2k | $11.53 |
800 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$131.8K
$115.3K – $153.7K
NOI $9,223 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.2K
$176.0K – $234.7K
NOI $14,083 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Alegria's Floral Party — 426 SW Violet Ave, Port St. Lucie, FL 34983
Frequently Asked Questions
What type of property is this?
Storefront property - For sale 800 SF retail condo on Bayshore Boulevard in CG zoning, with stated 22,000 average daily trips.
Where is this storefront property located?
The property is located at 1038 SW Bayshore Boulevard Port St Lucie, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime location on Bayshore Blvd, a high‑traffic retail corridor.; Extremely low retail vacancy (0%) in the area.; High road exposure with **22,000 average daily trips**.
