Medical Office Condo with
266 NW Peacock Blvd Unit 204 -205 St Lucie West, FL 34986
266 NW Peacock Blvd Unit 204 -205, St Lucie West, FL, 34986
$950,000
For Sale
$950,000
Turn-key medical office condo with in-place practice, structured sale-leaseback for stable, predictable investor cash flow.
Property Size2,818 SF
Price / SF$337.12
Days on Market48
Property Features for 266 NW Peacock Blvd Unit 204 -205
General Information
- Standard status
- Active
- Size
- 2,818 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing Agency
(772) 418-1946
Listed by
Tyler Raynes
(772) 418-1946
Source
Slccommercial
Added: Jun 2 Checked: Jul 19 at 3:21 am
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 Tyler Raynes
Investment Insights
Based on property information with market context.
Well-located 2,818 SF medical office condo in the heart of St. Lucie West, offered as a sale-leaseback investment with an established, in-place medical practice. The space is turn-key, with high-quality construction and a modern interior finish package. A versatile configuration supports day-to-day care operations and tenant use, with the added appeal of ongoing income support through a new 5-year lease term.
The property is zoned for General Use and positioned for convenient access to major roads, with nearby amenities in the surrounding area. This combination can be helpful for maintaining patient-facing accessibility while keeping the asset oriented toward healthcare corridor demand.
For investors, the in-place tenancy and leaseback structure are designed to provide stable cash flow from day one, with the lease scheduled for renewal on a new 5-year term at market rent and annual rent increases. With NOI reported at $65,000 and an indicated 6.5% cap rate, this is a straightforward option for buyers seeking a lower-management medical asset supported by proven operations.
The property is zoned for General Use and positioned for convenient access to major roads, with nearby amenities in the surrounding area. This combination can be helpful for maintaining patient-facing accessibility while keeping the asset oriented toward healthcare corridor demand.
For investors, the in-place tenancy and leaseback structure are designed to provide stable cash flow from day one, with the lease scheduled for renewal on a new 5-year term at market rent and annual rent increases. With NOI reported at $65,000 and an indicated 6.5% cap rate, this is a straightforward option for buyers seeking a lower-management medical asset supported by proven operations.
Key Highlights
- 2,818 SF medical office condo built in 2007 in St. Lucie West
- Offered as a sale‑leaseback with a new 5‑year leaseback term at market rent
- Includes established, in‑place medical practice with built‑in tenancy
Local Financial Insights For Healthcare Medical
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 | $71.0k | $25.20 |
| − Vacancy | −$7.5k | −$2.65 |
| EGI | $63.6k | $22.55 |
| − OpEx | −$25.4k | −$9.02 |
| NOI | $38.1k | $13.53 |
2,818 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$544.8K
$476.7K – $635.6K
NOI $38,134 @ 7.0% cap · market cap 4.01%
Second Best
Office B
$508.7K
$445.1K – $593.5K
NOI $35,608 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$708.7K
$620.1K – $826.8K
NOI $49,608 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Peacock Dental - Mirela ...
Dental Office
Dr. Charles A. Buscema
Physician
Pioneer Pain Management ...
Physician
Back In Action, Saint ...
Physician
Psychiatry of the Palm Beaches ...
Medical Clinic
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FAQs
What type of property is this?
Medical Office Space - Turn-key medical office condo with in-place practice, structured sale-leaseback for stable, predictable investor cash flow.
Where is this medical office space located?
The property is located at 266 NW Peacock Blvd Unit 204 -205 St Lucie West, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,818 SF medical office condo built in 2007 in St. Lucie West; Offered as a sale‑leaseback with a new 5‑year leaseback term at market rent; Includes established, in‑place medical practice with built‑in tenancy
