Renovated Warehouse
For Sale
$2,895,000
1725-1733 SW Biltmore Street, Port St Lucie, FL 34984
COMMERCIAL - Port St Lucie, FL
Property Size12,000 SF
Lot Size0.92 Acres
Price / SF$241.25
Days on Market696
Property Features for 1725-1733 SW Biltmore Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
light industria
Parking
20
Subdivision
Port St Lucie Sec 13
Standard status
Active
APN
342056023010004
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PORT ST LUCIE-SECTION 13- BLK 624 LOTS 3, 4, 5 AND 6 (MAP 44/05N) (OR 3544-2187)
Tax Annual Amount
24101
Legal Description
PORT ST LUCIE-SECTION 13- BLK 624 LOTS 3, 4, 5 AND 6 (MAP 44/05N) (OR 3544-2187)
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1988
Floors in Building
1
Building materials
Block, Concrete, Stucco
Roof type
Shingle, Composition
Listing Agency:
Management Specialists LLC
(772) 380-9011
Listed By:
Jeffrey Miller · License #3180664
(772) 380-9011
Added: Sep 16, 2024
Changed: Aug 4
Last Checked: Aug 12 at 1:06PM
MLS# M20046757
Copyright © 2026 Martin County REALTORS® of the Treasure Coast, Inc. 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 12,000-square-foot warehouse property is configured as a duplex and was renovated in 2013. The building was constructed in 1988 with block, concrete, and stucco materials, plus a composition shingle roof. Central heating and central air conditioning support the interior spaces, while the property is fully leased. A permitted well is also located on site.
The property occupies 0.9183 acres at 1725-1733 SW Biltmore Street in Port St. Lucie. Access to the Florida Turnpike, I-95, US1, and Crosstown Parkway supports connections throughout the surrounding area. Parking areas offer additional operational flexibility and can also function as yard space.
The property occupies 0.9183 acres at 1725-1733 SW Biltmore Street in Port St. Lucie. Access to the Florida Turnpike, I-95, US1, and Crosstown Parkway supports connections throughout the surrounding area. Parking areas offer additional operational flexibility and can also function as yard space.
Key Highlights
- 12,000‑square‑foot warehouse duplex
- Fully leased property renovated in 2013
- 0.9183‑acre site at 1725‑1733 SW Biltmore Street
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
$102,728
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
3.55%
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%
$2,054,560
$2.1M
Cap Rate 7%
$1,467,543
$1.5M
Cap Rate 9%
$1,141,422
$1.1M
Market Conditions
NOI Build-Up for 12,000 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
$149.8K $12.48/SF
− Vacancy
−$28.9K −$2.41/SF
EGI
$120.9K $10.07/SF
− OpEx
−$18.1K −$1.51/SF
NOI
$102.7K $8.56/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$2,054,560
Cap Rate 7%
$1,467,543
Cap Rate 9%
$1,141,422
Alternative Uses
Best Use
Warehouse
$1.47M
$1.28M – $1.71M
NOI $102,728 @ 7.0% cap · market cap 3.55%
Second Best
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,599 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,248 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34984, FL
16,721
Population
7,254
Households
2.3
Avg Household Size
44
Median Age
24%
College-Educated
85%
High-School Grad
9.8 sq mi
ZIP Area
1,706
Density / Sq Mi
$79,766
Median Household Income
$44,685
Median Earnings
$1,888
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Snapbox Self Storage — 1849 SW South Macedo Blvd, Port St. Lucie, FL 34984
- Big Kahuna Marine Boat storage — 619 SW Whitmore Dr, Port St. Lucie, FL 34984
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse duplex with central HVAC, flexible parking areas, and full occupancy.
Where is this warehouse located?
The property is located at 1725-1733 SW Biltmore Street Port St Lucie, FL.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 12,000‑square‑foot warehouse duplex; Fully leased property renovated in 2013; 0.9183‑acre site at 1725‑1733 SW Biltmore Street
