Leased Warehouse Flex
1256 SW Biltmore Street Port St Lucie, FL 34953
1256 SW Biltmore Street, Port St Lucie, FL, 34953
$339,000
For Sale
$339,000
Leased 1,225 SF flex-use unit in a well-maintained 8-unit concrete base metal building with double street access.
Property Size1,225 SF
Price / SF$276.73
Days on Market821
Property Features for 1256 SW Biltmore Street
General Information
- Standard status
- Active
- Size
- 1,225 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2006
Listing agency
Reliant Realty ERA Powered
(561) 969-3004
Listed by
Andree Bogues · License #3030933
(561) 969-3004
Source
Xome
Added: Apr 23, 2024 Updated: Jul 22 at 2:03AM Checked: Jul 22 at 2:03AM
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 Reliant Realty ERA Powered
Investment Insights
Based on property information with market context.
This for-sale flex-use warehouse unit is currently leased and includes 1,225 SF of space within a very well maintained 8-unit concrete base metal building built in 2006. The unit features a roll-up door, an air-conditioned flex-use area, fully tiled flooring, insulated ceiling, and warehouse wall panels designed for easy wipe-clean maintenance. Interior functionality includes a spacious restroom and a separate walk-in office entrance, with 18-foot ceilings that can support loft-style storage.
The property offers double street access and ample parking, along with tractor-trailer ingress and egress. The unit is described as having convenient access within the Biltmore Commercial Industrial District between Biltmore and Macedo.
The seller notes an existing 2-year tenant lease in place.
The property offers double street access and ample parking, along with tractor-trailer ingress and egress. The unit is described as having convenient access within the Biltmore Commercial Industrial District between Biltmore and Macedo.
The seller notes an existing 2-year tenant lease in place.
Key Highlights
- Leased 1,225 SF flex‑use unit in a well‑maintained 2006‑built 8‑unit concrete base metal building
- Double street access with corner lot positioning
- Tractor‑trailer ingress/egress and ample parking
Local Financial Insights For Office B
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 | $26.5k | $21.60 |
| − Vacancy | −$5.8k | −$4.75 |
| EGI | $20.6k | $16.85 |
| − OpEx | −$5.2k | −$4.21 |
| NOI | $15.5k | $12.64 |
1,225 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$221.1K
$193.5K – $258.0K
NOI $15,479 @ 7.0% cap · market cap 4.57%
Second Best
Flex RnD
$169.7K
$148.5K – $198.0K
NOI $11,879 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$308.1K
$269.6K – $359.4K
NOI $21,565 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Sunlight Kitchen — 477 SW Cashmere Blvd, Port St. Lucie, FL 34986
FAQs
What type of property is this?
Flex space - Leased 1,225 SF flex-use unit in a well-maintained 8-unit concrete base metal building with double street access.
Where is this flex space located?
The property is located at 1256 SW Biltmore Street Port St Lucie, FL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Leased 1,225 SF flex‑use unit in a well‑maintained 2006‑built 8‑unit concrete base metal building; Double street access with corner lot positioning; Tractor‑trailer ingress/egress and ample parking
