Flex Condo For
For Sale
$315,000
Pending
1250 SW Biltmore Street, Port St Lucie, FL 34983
End unit flex condo available for immediate owner occupancy.
Property Size1,715 SF
Days on Market697
Property Features for 1250 SW Biltmore Street
General Information
Standard status
Pending
Size
1,715 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$4,222
Building Details
Year Built
2006
Listing Agency:
Reef To Ranch Real Estate, Inc
(772) 332-9544
Listed By:
Cooper A Osteen · License #3307813
(772) 332-9544
Source:
Exitrealty
Added: Sep 12, 2024
Changed: Aug 8
Last Checked: May 27 at 9:22AM
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 Reef To Ranch Real Estate, Inc
Investment Insights
Based on property information with market context.
This is an end unit flex condo available for sale. The property offers 1715 square feet of space. It is available for immediate owner occupancy.
Key Highlights
- End unit, offering added privacy.
- Condo, providing a low‑maintenance lifestyle.
- Available for immediate owner occupancy, move in right away!
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
$16,630
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
5.28%
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%
$332,600
$332.6K
Cap Rate 7%
$237,571
$237.6K
Cap Rate 9%
$184,778
$184.8K
Market Conditions
NOI Build-Up for 1,715 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
$28.8K $16.80/SF
− Vacancy
−$3.2K −$1.88/SF
EGI
$25.6K $14.92/SF
− OpEx
−$9.0K −$5.22/SF
NOI
$16.6K $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%
$332,600
Cap Rate 7%
$237,571
Cap Rate 9%
$184,778
Alternative Uses
Best Use
Flex RnD
$237.6K
$207.9K – $277.2K
NOI $16,630 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$172.7K
$151.1K – $201.5K
NOI $12,091 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$431.3K
$377.4K – $503.2K
NOI $30,191 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34983, FL
43,654
Population
17,799
Households
2.5
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
14.9 sq mi
ZIP Area
2,930
Density / Sq Mi
$72,787
Median Household Income
$40,538
Median Earnings
$1,739
Median Rent
$293,500
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.
Similar Off Market Nearby
- Sunlight Kitchen — 477 SW Cashmere Blvd, Port St. Lucie, FL 34986
Frequently Asked Questions
What type of property is this?
Flex space - End unit flex condo available for immediate owner occupancy.
Where is this flex space located?
The property is located at 1250 SW Biltmore Street Port St Lucie, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: End unit, offering added privacy.; Condo, providing a low‑maintenance lifestyle.; Available for immediate owner occupancy, move in right away!
