Building Details

Year built 1988

Floors in Building 1

Building materials Block, Concrete, Stucco

Roof type Shingle, Composition

Listing Agency: Management Specialists LLC i***@mgtspec.com

Listed By: Jeffrey Miller · License #3180664 Show Phone

Added: Sep 16, 2024 Changed: Oct 22 Last Checked: Oct 28 at 11:06PM

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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.

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Investment Insights

Based on property information with market context.

This light industrial duplex contains 12,000 square feet and was renovated in 2013. The property is fully leased and includes parking areas that can also serve as yard space. A permitted well is located on site. Block, concrete, and stucco construction is paired with a composition and shingle roof, central heating, and central air conditioning. Originally built in 1988, the building offers a functional industrial configuration for continued occupancy or future owner use.

Access to the Florida Turnpike, I-95, US1, and Crosstown Parkway is available within minutes, supporting connections for logistics and distribution operations. The property occupies 0.9183 acres in Port St. Lucie, Florida.

Key Highlights

• 12,000 SQFT light industrial duplex
• Fully leased property with 0.9183 acres
• Renovated in 2013; original construction completed in 1988

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,728

Cap Rate

3.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,054,560 $2.1M

Cap Rate 7%

$1,467,543 $1.5M

Cap Rate 9%

$1,141,422 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,000 SF

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 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 (±1% cap)

NOI $102,728 @ 7.0% cap · market cap 3.55%

Second Best

Industrial

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,599 @ 7.0% cap · market cap 2.92%

Theoretical Best

Office A

$3.02M

$2.64M – $3.52M (±1% cap)

NOI $211,248 @ 7.0% cap · market cap 7.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

612

Businesses Nearby

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - Renovated in 2013 and fully leased, the duplex includes flexible parking areas and a permitted well.

Where is this industrial property 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 SQFT light industrial duplex; Fully leased property with 0.9183 acres; Renovated in 2013; original construction completed in 1988