10-Bay Flex
For Sale
$2,200,000
1260 SE Industrial Blvd, Port Saint Lucie, FL 34952
Individual bays combine office areas, overhead door access, and a fenced outdoor storage yard.
Property Size10,000 SF
Days on Market38
Property Features for 1260 SE Industrial Blvd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Building Details
Building Size
10,000 SF
Year Built
2003
Listing Agency:
Reef To Ranch Real Estate, Inc
(772) 332-9544
Listed By:
Cooper Osteen · License #3393898
(772) 332-9544
Source:
Slccommercial
Added: Jul 24
Changed: Aug 30
Last Checked: Jun 3 at 12:59AM
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 10,000-square-foot flex property is configured as 10 industrial bays, with each unit providing an office and overhead door access. The property also includes a fenced, stabilized outdoor storage yard and a security system.
Located at 1260 SE Industrial Blvd in Port Saint Lucie, the site offers access to Crosstown Parkway. The combination of divisible bay space, unit-level office areas, overhead doors, and outdoor storage supports a range of flex-oriented commercial operations.
Located at 1260 SE Industrial Blvd in Port Saint Lucie, the site offers access to Crosstown Parkway. The combination of divisible bay space, unit-level office areas, overhead doors, and outdoor storage supports a range of flex-oriented commercial operations.
Key Highlights
- 10,000‑square‑foot flex property configured as 10 industrial bays
- Rare 1,000 SF bays with an office in each unit
- Overhead door access provided for every unit
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
$96,970
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
4.41%
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%
$1,939,400
$1.9M
Cap Rate 7%
$1,385,286
$1.4M
Cap Rate 9%
$1,077,444
$1.1M
Market Conditions
NOI Build-Up for 10,000 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
$168.0K $16.80/SF
− Vacancy
−$18.8K −$1.88/SF
EGI
$149.2K $14.92/SF
− OpEx
−$52.2K −$5.22/SF
NOI
$97.0K $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%
$1,939,400
Cap Rate 7%
$1,385,286
Cap Rate 9%
$1,077,444
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.21M – $1.62M
NOI $96,970 @ 7.0% cap · market cap 4.41%
Second Best
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,607 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $176,040 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34952, FL
42,630
Population
21,844
Households
2
Avg Household Size
53
Median Age
24%
College-Educated
91%
High-School Grad
24.6 sq mi
ZIP Area
1,733
Density / Sq Mi
$60,123
Median Household Income
$37,184
Median Earnings
$1,635
Median Rent
$242,100
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Individual bays combine office areas, overhead door access, and a fenced outdoor storage yard.
Where is this flex space located?
The property is located at 1260 SE Industrial Blvd Port Saint Lucie, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10,000‑square‑foot flex property configured as 10 industrial bays; Rare 1,000 SF bays with an office in each unit; Overhead door access provided for every unit
