Professional Office
For Sale
Under Contract
$799,000
756 SE Port St Lucie Boulevard, Port St Lucie, FL
Commercial Sale, Port St. Lucie, FL
Property Size3,404 SF
Lot Size0.50 Acres
Price / SF$234.72
Days on Market88
Property Features for 756 SE Port St Lucie Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
Professional
Parking
17
Security features
Security Lighting
Lot features
Corner Lot, Sidewalks
Directions
I-95 exit 120 Crosstown Parkway head east toward us1 Turn right onto Us-1 Turn right onto SE Port St Lucie BLVD
Subdivision
7170
Standard status
Active Under Contract
APN
342058531310005
Size
3,404 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PORT ST LUCIE-SECTION 18- BLK 785 LOTS 11 AND 12 (MAP 44/10N) (OR 3723-2870)
Tax Annual Amount
15626
Legal Description
PORT ST LUCIE-SECTION 18- BLK 785 LOTS 11 AND 12 (MAP 44/10N) (OR 3723-2870)
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1994
Floors in Building
1
Number of units
4
Flooring type
Carpet, Tile
Building materials
Block, Concrete Block - With Stucco
Roof type
Metal
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Jennifer Martin · License #3152360
(772) 559-1194
Added: May 29
Changed: Aug 22
Last Checked: Aug 24 at 7:06PM
MLS# B26034702
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 3,404-square-foot office building, constructed in 1994, is designed for professional occupancy and can accommodate up to four separate units. The property features block construction with stucco, a metal roof, carpet and tile flooring, central heating, central air conditioning, and ceiling fans. Public water and a septic tank serve the building, with cable available.
Positioned along SE Port St. Lucie Boulevard in Port St. Lucie, the property benefits from a reported traffic volume of approximately 55,000 cars per day. The site encompasses 0.5 acres and is zoned Professional. Its existing configuration supports office, medical, and shared-workspace uses identified for the property.
Positioned along SE Port St. Lucie Boulevard in Port St. Lucie, the property benefits from a reported traffic volume of approximately 55,000 cars per day. The site encompasses 0.5 acres and is zoned Professional. Its existing configuration supports office, medical, and shared-workspace uses identified for the property.
Key Highlights
- 3,404‑square‑foot office building on 0.5 acres
- Zoned Professional for office‑related use
- Space can be arranged into up to four separate units
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
$46,064
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
5.77%
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%
$921,280
$921.3K
Cap Rate 7%
$658,057
$658.1K
Cap Rate 9%
$511,822
$511.8K
Market Conditions
NOI Build-Up for 3,404 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
$85.8K $25.20/SF
− Vacancy
−$9.0K −$2.65/SF
EGI
$76.8K $22.55/SF
− OpEx
−$30.7K −$9.02/SF
NOI
$46.1K $13.53/SF
Area
St. Lucie County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$921,280
Cap Rate 7%
$658,057
Cap Rate 9%
$511,822
Alternative Uses
Best Use
Healthcare Medical
$658.1K
$575.8K – $767.7K
NOI $46,064 @ 7.0% cap · market cap 5.77%
Second Best
Office B
$614.5K
$537.7K – $716.9K
NOI $43,013 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$856.1K
$749.1K – $998.7K
NOI $59,924 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional-zoned office property with flexible space for up to four separate units and central air conditioning.
Where is this office building located?
The property is located at 756 SE Port St Lucie Boulevard Port St Lucie, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,404‑square‑foot office building on 0.5 acres; Zoned Professional for office‑related use; Space can be arranged into up to four separate units
