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    10575 S Us Highway 1 Port Saint Lucie, FL 34952

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    Single-tenant Murphy USA retail property in Port St. Lucie, Florida.

    Building Details

    Year built
    2025

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    Listing Contact
    Scott De Young
    Source: Farislee

    Listing Agent: Scott De Young

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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    Overview

    Murphy USA Investment Opportunity

    This single-tenant retail property, leased to Murphy USA, is located in Port St. Lucie, Florida. The property is currently under construction and is projected to open in November 2025. It features a corporate-executed, long-term absolute triple-net (NNN) ground lease with Murphy USA, Inc., a publicly traded, Fortune 500 company with an S&P credit rating of BB+. Murphy USA constructed and paid for the building and premises and is responsible for all repairs and maintenance, including the building, roof, parking lot, and landscaping, as well as directly paying property taxes, utilities, and insurance. The ground lease structure includes four, five-year renewal options, providing a potential total lease term of forty years. The ground lease features scheduled rental increases of 8% every five years. Murphy USA operates retail gas stations and convenience stores, with over 1,750 locations across 27 states under the brands Murphy USA, Murphy Express, and QuickChek. The company is ranked #231 on the 2025 Fortune 500 list and generated over $20.2 billion in revenue in 2024. The property features new construction, eliminating concerns of deferred maintenance and featuring the latest store layout. The site is located at a signalized intersection on US Highway 1 in Port St. Lucie and offers visibility and access. The site is exposed to a traffic count of 56,100 vehicles on US Highway 1 and 38,300 on SE Port St. Lucie Boulevard and benefits from demographics with over 135,000 residents within a five-mile radius. The property includes 12 fuel pumps and is positioned on the city’s primary retail corridor.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    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
    -80.2966
    Latitude
    27.2963

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    FAQs

    What type of property is this?
    Gas station - Single-tenant Murphy USA retail property in Port St. Lucie, Florida.
    Where is this gas station located?
    The property is located at 10575 S Us Highway 1 Port Saint Lucie, FL.
    What are key features of this property?
    This property features: - Long-term (20-year) absolute NNN ground lease with Murphy USA.; - Strategic location on a signalized hard corner of US Highway 1 with high traffic counts.; - Scheduled 8% rental increases every five years.
    (949) 933-7958
    Request Owner's contact information
    10575 S Us Highway 1 Port Saint Lucie, FL 34952
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    Port Saint Lucie, FL 34952
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    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
    10575 S Us Highway 1 Port Saint Lucie, FL 34952
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    We can help!
    Listing Contact
    Scott De Young
    Real Estate License ID: #3421401
    (949) 933-7958
    Learn more
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