Built-Out Commercial Kitchen
For Sale
Contact for pricing
1260 Southwest Biltmore St, Port St Lucie, FL 34983
Industrial-zoned condo with culinary infrastructure suited to catering, meal preparation, and specialty food production.
Property Size1,225 SF
Price / SF$204.08
Days on Market138
Property Features for 1260 Southwest Biltmore St
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Building Details
Year Built
2006
Buildings
1
Stories
1
Listing Agency:
Jeremiah Baron & Co. Commercial Real Estate LLC
(772) 291-8443
Listed By:
Conor Mackin · License #SL3495289
Source:
Crexi
Added: Apr 15
Changed: Aug 29
Last Checked: Aug 29 at 10:41PM
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 Jeremiah Baron & Co. Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Unit 1260 is a commercial kitchen condominium within Biltmore Commercial Center, completed in 2006 and configured for food-service operations. The property includes 1,225 square feet along with an approximately 800-square-foot load-bearing mezzanine that can support additional storage or an office build-out. Existing culinary infrastructure is in place for a range of commercial kitchen activities.
The property is located at 1260 Southwest Biltmore St in Port St. Lucie, between SW Biltmore Street and SW S Macedo Blvd. Industrial zoning supports the property’s commercial kitchen and specialty food manufacturing orientation. The layout and installed infrastructure are suited to catering, meal preparation, ghost kitchen, and specialty food production uses.
The property is located at 1260 Southwest Biltmore St in Port St. Lucie, between SW Biltmore Street and SW S Macedo Blvd. Industrial zoning supports the property’s commercial kitchen and specialty food manufacturing orientation. The layout and installed infrastructure are suited to catering, meal preparation, ghost kitchen, and specialty food production uses.
Key Highlights
- 1,225‑square‑foot commercial kitchen condo in Unit 1260
- Approximately 800‑square‑foot load‑bearing mezzanine
- Existing culinary infrastructure for commercial food operations
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
$18,297
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
7.32%
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%
$365,940
$365.9K
Cap Rate 7%
$261,386
$261.4K
Cap Rate 9%
$203,300
$203.3K
Market Conditions
NOI Build-Up for 1,225 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
$26.5K $21.60/SF
− Vacancy
−$2.1K −$1.68/SF
EGI
$24.4K $19.92/SF
− OpEx
−$6.1K −$4.98/SF
NOI
$18.3K $14.94/SF
Area
St. Lucie County, FL
Vacancy
7.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$365,940
Cap Rate 7%
$261,386
Cap Rate 9%
$203,300
Alternative Uses
Best Use
Specialty Retail
$261.4K
$228.7K – $305.0K
NOI $18,297 @ 7.0% cap · market cap 7.32%
Second Best
Industrial
$123.4K
$108.0K – $143.9K
NOI $8,636 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$308.1K
$269.6K – $359.4K
NOI $21,565 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Industrial-zoned condo with culinary infrastructure suited to catering, meal preparation, and specialty food production.
Where is this commercial kitchen located?
The property is located at 1260 Southwest Biltmore St Port St Lucie, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,225‑square‑foot commercial kitchen condo in Unit 1260; Approximately 800‑square‑foot load‑bearing mezzanine; Existing culinary infrastructure for commercial food operations
