Updated Residential Income
For Sale
$279,900
1228 NW Sun Terrace, Port St Lucie, FL 34986
MULTI_FAMILY - Other - Port St. Lucie, FL
Property Size1,152 SF
Lot Size0.05 Acres
Price / SF$242.97
Days on Market102
Property Features for 1228 NW Sun Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RESidential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking
2
Parking features
Assigned, Guest
Window features
Skylight(s)
Patio and Porch features
Patio
Pets allowed
Dogs OK, Yes, Number Limit
Interior features
Bedroom Layout - Split, Built-in Features, Cathedral Ceiling(s), Entrance Foyer, High Ceilings, Kitchen Island, Pantry, Storage, Vaulted Ceiling(s)
Exterior features
Courtyard, Storage
Fireplace
1
Appliances
Electric Water Heater, Wine Refrigerator, Range, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Oven, Refrigerator, Washer, Water Heater
Subdivision
THE LAKES AT ST LUCIE WEST
Lot features
Cul-De-Sac, Sidewalks
Directions
St Lucie West Blvd to NW Bethany Dr to Sun Terrace Cir
Standard status
Active
APN
332373100820004
Size
1,152 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKES AT ST LUCIE WEST PLAT #31 BLDG 47 UNIT D
Tax Annual Amount
4270
Expense value
125
Expense
Application Fee
Expense freq.
One Time
HOA Fee
$445 Monthly
Legal Description
LAKES AT ST LUCIE WEST PLAT #31 BLDG 47 UNIT D
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1992
Floors in Building
1
Flooring type
Vinyl
Building materials
CBS, Concrete Block - With Stucco
Roof type
Barrel, Concrete
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Atlantic Shores ERA Powered
(772) 228-2111
Listed By:
Jennifer R Rodriguez Mitchell · License #3409524
(772) 408-7957
Added: May 3
Changed: Aug 10
Last Checked: Aug 12 at 10:06PM
MLS# B26023680
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 1,152-square-foot CBS villa offers a two-bedroom, two-bath layout with a split bedroom arrangement. Each bedroom has its own bathroom and large closet. The interior includes a custom kitchen, island, pantry, built-in dining banquette, wine refrigerator, built-in cabinetry, wood and vinyl flooring, vaulted and high ceilings, and an electric fireplace. Accordion shutters, central heating, central air, and ceiling fans are also included. The property was built in 1992 and has a 0.05-acre lot with a courtyard, patio, storage, assigned parking, and guest parking.
The home is in The Lakes at Saint Lucie in Port St. Lucie. The HOA covers the roof, building insurance, exterior maintenance, and amenities. Shops, restaurants, and medical offices are within walking distance. Public water and sewer serve the property, with cable available.
The home is in The Lakes at Saint Lucie in Port St. Lucie. The HOA covers the roof, building insurance, exterior maintenance, and amenities. Shops, restaurants, and medical offices are within walking distance. Public water and sewer serve the property, with cable available.
Key Highlights
- 1,152‑square‑foot CBS villa on a 0.05‑acre lot
- Two‑bedroom, two‑bath layout with private bathrooms for both bedrooms
- Custom kitchen with island, pantry, and built‑in wine refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,707
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,140
$314.1K
Cap Rate 7%
$224,386
$224.4K
Cap Rate 9%
$174,522
$174.5K
Market Conditions
NOI Build-Up for 1,152 SF
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.
Gross rent
$30.0K $26.04/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$28.6K $24.79/SF
− OpEx
−$12.9K −$11.16/SF
NOI
$15.7K $13.63/SF
Area
St. Lucie County, FL
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,140
Cap Rate 7%
$224,386
Cap Rate 9%
$174,522
Alternative Uses
Best Use
Apartment 5plus
$224.4K
$196.3K – $261.8K
NOI $15,707 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.7K
$253.5K – $338.0K
NOI $20,280 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 34986, FL
30,027
Population
14,600
Households
2.1
Avg Household Size
56
Median Age
35%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,597
Density / Sq Mi
$85,842
Median Household Income
$44,182
Median Earnings
$1,600
Median Rent
$368,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Two-bedroom villa with private bedroom suites, custom kitchen features, courtyard space, and assigned parking.
Where is this single family property located?
The property is located at 1228 NW Sun Terrace Port St Lucie, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,152‑square‑foot CBS villa on a 0.05‑acre lot; Two‑bedroom, two‑bath layout with private bathrooms for both bedrooms; Custom kitchen with island, pantry, and built‑in wine refrigerator
