Retail Condo with Road
For Sale
$325,000
1038 SW Bayshore Boulevard, Port St Lucie, FL
Commercial Sale, Port St. Lucie, FL
Property Size800 SF
Price / SF$406.25
Days on Market216
Property Features for 1038 SW Bayshore Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
CG
Parking
58
Lot features
Sidewalks
Subdivision
7270
Standard status
Active
APN
343150000120005
Size
800 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LTR EXQUISITE SHOPPES UNIT 12 (OR 1266-2145)
Tax Annual Amount
3140
HOA Fee
$1,000 Quarterly
Legal Description
LTR EXQUISITE SHOPPES UNIT 12 (OR 1266-2145)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Flooring type
Tile
Building materials
Concrete Block - With Stucco
Roof type
Flat
Listing Agency:
RE/MAX Gold · RE/MAX International
(772) 607-9600
Listed By:
Eric Reikenis · License #3622571
(561) 339-1344
Added: Mar 19
Changed: Sep 20
Last Checked: Oct 20 at 5:06AM
MLS# B26005730
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.
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Investment Insights
Based on property information with market context.
This 800-square-foot retail condo at 1038 SW Bayshore Boulevard offers a compact commercial footprint with concrete-block construction and stucco, tile flooring, central heating, electric cooling, and a flat roof. The property was built in 1998 and carries CG zoning.
Positioned along Bayshore Boulevard in Port St. Lucie, the property records 22,000 average daily trips and is situated in a corridor identified with 0% current retail vacancy. Public water and public sewer serve the property, while cable is available. The building provides a straightforward retail configuration with established building systems and direct exposure to a heavily traveled commercial roadway.
Positioned along Bayshore Boulevard in Port St. Lucie, the property records 22,000 average daily trips and is situated in a corridor identified with 0% current retail vacancy. Public water and public sewer serve the property, while cable is available. The building provides a straightforward retail configuration with established building systems and direct exposure to a heavily traveled commercial roadway.
Key Highlights
- 800 square feet of retail space
- 22,000 average daily trips along Bayshore Boulevard
- CG zoning in Port St. Lucie
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,223
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,460
$184.5K
Cap Rate 7%
$131,757
$131.8K
Cap Rate 9%
$102,478
$102.5K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$14.4K $18.00/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$13.2K $16.47/SF
− OpEx
−$4.0K −$4.94/SF
NOI
$9.2K $11.53/SF
Area
St. Lucie County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,460
Cap Rate 7%
$131,757
Cap Rate 9%
$102,478
Alternative Uses
Best Use
Retail
$131.8K
$115.3K – $153.7K
NOI $9,223 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.2K
$176.0K – $234.7K
NOI $14,083 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 13%
Electronics 8%
Enterprise Rent-A-Car
Shops & Services
5,062 visits/mo
0.4 miles
Chevron
Shops & Services
4,717 visits/mo
0.3 miles
Big Apple Pizza
Dining
1,609 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
975 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A concrete-block retail condo with tile flooring, central heating, electric cooling, and public water and sewer.
Where is this retail space located?
The property is located at 1038 SW Bayshore Boulevard Port St Lucie, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 800 square feet of retail space; 22,000 average daily trips along Bayshore Boulevard; CG zoning in Port St. Lucie
