Freestanding Service Building in
For Sale
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1601-1607 SE Village Green Dr, Port Saint Lucie, FL
Freestanding service building occupied by two auto-related tenants.
Property Size11,500 SF
Lot Size1.10 Acres
Price / SF$217.39
Days on Market1016
Property Features for 1601-1607 SE Village Green Dr
General Information
Standard status
Active
Size
11,500 SF
Lot size
1.10 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Mathew Crady · License #FL 3319900
(772) 260-1655
Source:
Moodyscre
Added: Jan 25, 2024
Changed: Nov 4
Last Checked: Nov 4 at 1:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeremiah Baron & Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding service building is located in an industrial region of Port St. Lucie, Florida. The building is fully occupied by two tenants that provide auto-related services, each with $16.00/sf NNN leases in place. The property features multiple roll-up doors and parking that wraps around the front and west side of the building, with additional parking towards the back. The site is located between Fort Pierce and Jensen Beach and has quick accessibility to US-1 and the Crosstown Parkway extension, which is less than 10 miles away from the I-95 access ramp and Florida’s Turnpike. The property size is 11,500 square feet.
Key Highlights
- Fully occupied by two tenants with $16.00/sf NNN leases in place, providing immediate income.
- Excellent location in an industrial region of Port St. Lucie, Florida.
- Quick accessibility to US‑1 and the Crosstown Parkway extension.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,584
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,680
$2.7M
Cap Rate 7%
$1,894,057
$1.9M
Cap Rate 9%
$1,473,156
$1.5M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$207.0K $18.00/SF
− Vacancy
−$17.6K −$1.53/SF
EGI
$189.4K $16.47/SF
− OpEx
−$56.8K −$4.94/SF
NOI
$132.6K $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%
$2,651,680
Cap Rate 7%
$1,894,057
Cap Rate 9%
$1,473,156
Alternative Uses
Best Use
Retail
$1.89M
$1.66M – $2.21M
NOI $132,584 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$1.16M
$1.01M – $1.35M
NOI $81,074 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,446 @ 7.0% cap · market cap 8.10%
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
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
152k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 31%
Groceries 25%
Apparel 4%
Publix
Groceries
37,248 visits/mo
0.4 miles
7-Eleven
Shops & Services
19,933 visits/mo
0.4 miles
Taco Bell
Dining
16,699 visits/mo
0.4 miles
Burger King
Dining
12,864 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,301 visits/mo
0.4 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
Similar Off Market Nearby
- Tires Plus — 9526 S U.S. Hwy 1, Port St. Lucie, FL 34952
- G&G instant auto — 1320 SE Buckingham Terrace, Port St. Lucie, FL 34952
- Tropic Diesel Performance — 1774 SE South Niemeyer Cir, Port St. Lucie, FL 34952
- Hades Motorsports — 1774 SE South Niemeyer Cir, Port St. Lucie, FL 34952
- Beauty Cars Body Shop — 1542 SE South Niemeyer Cir, Port St. Lucie, FL 34952
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding service building occupied by two auto-related tenants.
Where is this auto shop located?
The property is located at 1601-1607 SE Village Green Dr Port Saint Lucie, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully occupied by two tenants with $16.00/sf NNN leases in place, providing immediate income.; Excellent location in an industrial region of Port St. Lucie, Florida.; Quick accessibility to US‑1 and the Crosstown Parkway extension.
