Retail Space Near K-8
For Sale
Contact for pricing
1264 SW California Blvd # 1282, Port Saint Lucie, FL 34953
An approximately 890-square-foot retail unit is available within a 2008 shopping center on a two-acre corner site.
Property Size15,000 SF
Price / SF$0.13
Days on Market204
Property Features for 1264 SW California Blvd # 1282
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$69,199
Building Details
Building Size
15,000 SF
Year Built
2008
Listing Agency:
Magin New World Realty
Listed By:
Magin Hernandez · License #3254306
(305) 803-5192
Source:
Rennyrealty
Added: Apr 13
Changed: Oct 31
Last Checked: Oct 31 at 3:04AM
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 Magin New World Realty
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Investment Insights
Based on property information with market context.
An approximately 890-square-foot retail unit is available for sale in the Oak Hammock shopping center. The center was built in 2008 and occupies a two-acre corner parcel.
The property sits across from Oak Hammock K-8 School, at the junction of SW Savona and SW California Boulevard. The unit is identified as 1264 SW California Boulevard #1282.
The property sits across from Oak Hammock K-8 School, at the junction of SW Savona and SW California Boulevard. The unit is identified as 1264 SW California Boulevard #1282.
Key Highlights
- Approximately 890 square feet of retail space
- Shopping center built in 2008
- Center occupies a two‑acre corner site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,935
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,458,700
$3.5M
Cap Rate 7%
$2,470,500
$2.5M
Cap Rate 9%
$1,921,500
$1.9M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$270.0K $18.00/SF
− Vacancy
−$23.0K −$1.53/SF
EGI
$247.1K $16.47/SF
− OpEx
−$74.1K −$4.94/SF
NOI
$172.9K $11.53/SF
Area
St. Lucie County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,458,700
Cap Rate 7%
$2,470,500
Cap Rate 9%
$1,921,500
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,935 @ 7.0% cap · market cap 9,101.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,060 @ 7.0% cap · market cap 13,897.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
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Business Placement
Demographics for 34953, FL
77,023
Population
28,131
Households
2.7
Avg Household Size
39
Median Age
23%
College-Educated
90%
High-School Grad
23.8 sq mi
ZIP Area
3,236
Density / Sq Mi
$81,028
Median Household Income
$39,348
Median Earnings
$1,902
Median Rent
$326,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An approximately 890-square-foot retail unit is available within a 2008 shopping center on a two-acre corner site.
Where is this retail space located?
The property is located at 1264 SW California Blvd # 1282 Port Saint Lucie, FL.
What are key features of this property?
This property features: Approximately 890 square feet of retail space; Shopping center built in 2008; Center occupies a two‑acre corner site
