Light Industrial Duplex For
For Sale
$2,895,000
1725-1733 SW Biltmore St, Port St Lucie, FL 34984
Fully leased, renovated light industrial duplex near major highways.
Property Size12,000 SF
Lot Size0.92 Acres
Price / SF$241.25
Days on Market156
Property Features for 1725-1733 SW Biltmore St
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.92 Acres
Property subtype
Industrial
Building Details
Year Built
1988
Listing Agency:
Management Specialists
(772) 380-9011
Listed By:
Jeffrey Miller · License #3180664
(772) 380-9011
Source:
Elliman
Added: Mar 10
Changed: Jul 10
Last Checked: Aug 12 at 8:53AM
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 Management Specialists
Investment Insights
Based on property information with market context.
This 12,000 square foot light industrial duplex is fully leased and located minutes from major highways including the Florida Turnpike, I-95, US1, and Crosstown Parkway, providing excellent accessibility for logistics and distribution. The property was fully renovated in 2013 and offers modern facilities and strong structural integrity. It is priced below replacement cost and is fully leased to high-quality tenants, providing immediate cash flow. The property is versatile for both long-term investors or potential owner-users looking for a strategic location. Flexible parking lots can double as yard space, ideal for operational flexibility. A permitted well is located on site, offering potential for specialized manufacturing or other uses. Seller financing is available with flexible terms based on duration, sale price, and conditions. This property offers potential for growth and value appreciation.
Key Highlights
- Fully leased to high‑quality tenants, providing immediate cash flow.
- Priced below replacement cost, making this an incredible value.
- Conveniently located minutes from major highways (Florida Turnpike, I‑95, US1, & Crosstown Parkway) ensuring excellent accessibility.
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
$116,364
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
4.02%
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%
$2,327,280
$2.3M
Cap Rate 7%
$1,662,343
$1.7M
Cap Rate 9%
$1,292,933
$1.3M
Market Conditions
NOI Build-Up for 12,000 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
$201.6K $16.80/SF
− Vacancy
−$22.6K −$1.88/SF
EGI
$179.0K $14.92/SF
− OpEx
−$62.7K −$5.22/SF
NOI
$116.4K $9.70/SF
Area
St. Lucie County, FL
Vacancy
11.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$2,327,280
Cap Rate 7%
$1,662,343
Cap Rate 9%
$1,292,933
Alternative Uses
Best Use
Flex RnD
$1.66M
$1.45M – $1.94M
NOI $116,364 @ 7.0% cap · market cap 4.02%
Second Best
Warehouse
$1.47M
$1.28M – $1.71M
NOI $102,728 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,248 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34984, FL
16,721
Population
7,254
Households
2.3
Avg Household Size
44
Median Age
24%
College-Educated
85%
High-School Grad
9.8 sq mi
ZIP Area
1,706
Density / Sq Mi
$79,766
Median Household Income
$44,685
Median Earnings
$1,888
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Fully leased, renovated light industrial duplex near major highways.
Where is this flex space located?
The property is located at 1725-1733 SW Biltmore St Port St Lucie, FL.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Fully leased to high‑quality tenants, providing immediate cash flow.; Priced below replacement cost, making this an incredible value.; Conveniently located minutes from major highways (Florida Turnpike, I‑95, US1, & Crosstown Parkway) ensuring excellent accessibility.
