Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Port St. Lucie Corner Lot Title is generated by Realmo AI

    1497 SW Wellington Avenue, Port St Lucie, FL 34953

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 1497 SW Wellington Avenue, Port St Lucie, FL
    For Sale
    Under Contract
    $160,000

    LAND - Port St. Lucie, FL

    Lot size:
    0.36 Acres
    Added:
    Mar 14, 2024
    Days on Market:
    812
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 1497 SW Wellington Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-2 PSL
    Vegetation
    Brush
    Standard status
    Active Under Contract
    APN
    342056509430007
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    PORT ST LUCIE-SECTION 14- BLK 1383 LOT 31 (MAP 43/13S) (OR 580-2000)
    Tax Annual Amount
    809

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Brian Patla

    Listing agent Brian Patla

    Listing office United Realty Group Inc 1200 S Pine Island Rd Ste 600, Plantation, FL

    Listing date Mar 14, 2024

    MLS# R10968632 Listing URL

    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.

    HighLights

    • Large inside corner lot (over 15,000 sq ft)
    • Desirable Port St Lucie location
    • Public water source available
    • Awaiting new home construction
    • Not cleared
    • No sign on property

    Overview

    This is a 0.36-acre corner lot located in Port St. Lucie, Florida. The property, which is not cleared, offers over 15,000 square feet of space suitable for residential use. The zoning is RS-2 PSL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port St Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.393046
    Latitude
    27.255254

    Nearby Similar for Sale

    • $799,000
      3,404 SF

      Port St. Lucie Professional Building

      High-visibility building suitable for professional offices or medical use.
      756 SE Port St Lucie Boulevard, Port St. Lucie, FL
      View Details
    • $1,300,000
      2,573 SF

      Port St. Lucie Commercial Opportunity

      Commercial property with outdoor storage and income potential.
      1892 SW Biltmore Street, Port St. Lucie, FL
      View Details
    • $7,000,000
      6,204 SF

      Port St. Lucie Investment Opportunity

      Income-producing commercial plaza with established tenants in a growing area.
      302 SW Tulip Boulevard, Port St. Lucie, FL
      View Details
    • $325,000
      800 SF

      Retail Condo on Bayshore Boulevard

      800 SF retail condo in high-traffic Port St. Lucie location.
      1038 SW Bayshore Boulevard, Port St. Lucie, FL
      View Details
    • $500,000
      2,200 SF

      Profitable Drycleaning and Laundry Business

      Established drycleaning and laundry business in Port St. Lucie, Florida.
      123 SW Main Street, Port St. Lucie, FL 34953
      View Details
    • $350,000

      Luxury RV Lot on Golf Course

      Impeccably designed RV lot with tiki structure and outdoor kitchen.
      375 NW Boundary Drive, Port St Lucie, FL 34986
      View Details
    • $399,999

      Port St. Lucie Estate Lot

      One-acre parcel suitable for residential or commercial development.
      2008 SW Leafy Road, Port St. Lucie, FL 34953
      View Details
    • $329,000

      Luxury RV Lot with Tiki

      Move-in-ready RV lot with tiki, golf course, and lake views.
      485 NW Boundary Drive, Port St Lucie, FL 34986
      View Details
    • $650,000

      Port St. Lucie Commercial Property

      Institutional property suitable for various uses in Port St. Lucie.
      2520 SE Melaleuca Boulevard, Port St. Lucie, FL 34952
      View Details
    • $399,999

      Port St. Lucie Estate Lot

      One-acre parcel suitable for residential or commercial development.
      2016 SW Leafy Road, Port St. Lucie, FL 34953
      View Details
    • $160,000
      700 SF

      Renovated Office Condo For Sale

      Renovated office condo with efficient layout in convenient location.
      725 SE Port St Lucie Boulevard, Port St. Lucie, FL
      View Details
    • $235,000

      Port St Lucie Showroom/Warehouse

      Turnkey showroom/warehouse in established Port St. Lucie commercial district.
      1459 SE Village Green Drive, Port St Lucie, FL 34952
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large corner lot in Port St. Lucie for new home.
    Where is this residential land & home lot located?
    The property is located at 1497 SW Wellington Avenue Port St Lucie, FL.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Large inside corner lot (over 15,000 sq ft); Desirable Port St Lucie location; Public water source available
    (954) 646-0629
    We can help!
    Listing Contact
    Brian Patla
    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.
    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
    1497 SW Wellington Avenue, Port St. Lucie, FL 34953
    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!