Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1772 SW Millikin Ave Port Saint Lucie, FL 34953

    Sponsored
    Picture of Residential land & home lots at SW Millikin Ave 1772, Port Saint Lucie, FL
    For Sale
    $165,000

    Single Family Detached, Single Family - Port Saint Lucie, FL

    Type:Single Family Residence
    Lot size:
    0.25 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 6 at 9:06 pm

    Property Features for 1772 SW Millikin Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Vegetation
    Cleared
    Zoning
    Residential
    APN
    342053004170003
    Exterior features
    Cleared, Street Light
    Lot size
    0.25 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Helen L Moro

    Berkshire Hathaway HomeServices Florida Realty (772) 871-7411

    Listing agent Helen L Moro (772) 871-7411

    Listing date Jan 26, 2026

    MLS# RX-11157970 Listing URL

    Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot Ready to Build

    This cleared 1/4-acre residential lot is ready for construction. Water and sewer impact fees to the City of Port Saint Lucie have been paid in full, allowing for connection to city utilities without incurring these costs. The lot will require fill to meet the height requirements of the Port Saint Lucie zoning and building department. Situated in a residential neighborhood, the property offers convenient access to major roadways, including I-95 and the Turnpike.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Saint Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.404296
    Latitude
    27.245307

    Nearby Similar for Sale

    • $1,600,000

      Gas Station, Car Wash, Workshop

      Turnkey gas station, car wash, and mechanic shop in Florida.
      2780 SE Morningside Blvd, Port Saint Lucie, FL 34952
      View Details
    • $170,000

      Port Saint Lucie Single Family

      Single family property for sale in Port Saint Lucie, Florida.
      5488 NW Boydga Ave, Port Saint Lucie, FL 34986
      View Details
    • $114,500
      300 SF

      RV Lot in Gated Community

      RV lot with tiki hut in a gated community.
      432 NW Boundary Dr, Port Saint Lucie, FL 34986
      View Details
    • $185,000

      Landscaped RV Lot with Tiki

      Landscaped RV lot with outdoor entertainment features in active community.
      57 NW Boundary Dr, Port Saint Lucie, FL 34986
      View Details
    • $1,300,000
      4,458 SF

      Turn-Key Commercial Condo in St. Lucie

      4500+ SF commercial condo in St. Lucie West.
      266 NW Peacock Blvd, Port Saint Lucie, FL 34986
      View Details
    • $235,000
      814 SF

      Port St. Lucie Commercial Condo

      Turnkey showroom/office/warehouse space in established Port St. Lucie district.
      1459 SE Village Green Dr, Port Saint Lucie, FL 34952
      View Details
    • $1,500,000
      0.55 Acres

      Port St. Lucie Portfolio Opportunity

      Two adjacent income-producing commercial/residential properties in a high-growth area.
      1892 SW Biltmore St, Port Saint Lucie, FL 34984
      View Details
    • $235,000

      Resort RV Lot on Golf Course

      Five-star resort RV lot with outdoor kitchen and tiki.
      393 NW Boundary Dr, Port Saint Lucie, FL 34986
      View Details
    • $329,900

      Landscaped RV Lot with Tiki

      Landscaped RV lot with mature trees, Tiki, and golf course.
      316 Chipshot Ln NW, Port Saint Lucie, FL 34986
      View Details
    • $224,000
      1,050 SF

      Established Smoke Shop For Sale

      Successful smoke shop in a prime location, full inventory included.
      914 SW Gatlin Blvd, Port Saint Lucie, FL 34953
      View Details
    • $249,900

      Port Saint Lucie Motorcoach Resort

      Pavered RV lot with tiki, outdoor kitchen, and amenities.
      155 NW Hazard Way, Port Saint Lucie, FL 34986
      View Details
    • $225,000

      RV Lot in Gated Community

      Back-in RV lot with tiki and motorized shades.
      497 NW Boundary Dr, Port Saint Lucie, FL 34986
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared 1/4-acre residential lot with paid water/sewer impact fees.
    Where is this residential land & home lot located?
    The property is located at 1772 SW Millikin Ave Port Saint Lucie, FL.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Water and sewer impact fees to the City of PSL have been paid in full.; - Cleared lot ready to be built on.; - Convenient access to I-95 and the Turnpike.
    (772) 871-7411
    Request Owner's contact information
    1772 SW Millikin Ave Port Saint Lucie, FL 34953
    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.
    1772 SW Millikin Ave
    Port Saint Lucie, FL 34953
    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
    1772 SW Millikin Ave Port Saint Lucie, FL 34953
    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

    We can help!
    Listing Contact
    Helen L Moro
    (772) 871-7411
    Learn more
    Google sign-in failed. Please try again or use another login method.