Retail Condo on Bayshore
1038 SW Bayshore Blvd Port St Lucie, FL 34983
For Sale
$325,000
Retail condo with high visibility on busy Bayshore Blvd.
Property Size800 SF
Price / SF$406.25
Days on Market126
Property Features for 1038 SW Bayshore Blvd
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
RE/MAX GOLD
(561) 339-1344
Listed By:
Eric Reikenis · License #3622571
(561) 339-1344
Source:
Elliman
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 28 at 6:19AM
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 RE/MAX GOLD
Investment Insights
Based on property information with market context.
This 800 sqft retail condo is located on Bayshore Blvd, a retail corridor in Port St Lucie. The location benefits from high road exposure, with 22,000 average daily trips. The area currently has 0% retail vacancy.
Key Highlights
- Prime location on Bayshore Blvd, a high‑traffic retail corridor.
- Extremely low retail vacancy (0%) indicating high demand.
- High visibility with 22,000 average daily trips.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.4k | $18.00 |
| − Vacancy | −$1.2k | −$1.53 |
| EGI | $13.2k | $16.47 |
| − OpEx | −$4.0k | −$4.94 |
| NOI | $9.2k | $11.53 |
800 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail condo with high visibility on busy Bayshore Blvd.
Where is this retail space located?
The property is located at 1038 SW Bayshore Blvd 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: Prime location on Bayshore Blvd, a high‑traffic retail corridor.; Extremely low retail vacancy (0%) indicating high demand.; High visibility with 22,000 average daily trips.
