Freestanding
For Sale
$7,500,000
Pending
8883 S US Highway 1, Port St Lucie, FL 34952
Freestanding office and warehouse offering a 35,000 SF air-conditioned concrete structure with four loading docks.
Property Size59,553 SF
Days on Market1991
Property Features for 8883 S US Highway 1
General Information
Standard status
Pending
Size
59,553 SF
Property subtype
General Commercial
Zoning
CS
Warehouse & Industrial
Clear Height
30 ft
Dock-High Doors
4
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$95,230
Amenities
reception area
elevator access
conference rooms on site
private restrooms
3
Building Details
Year Built
2002
Construction
reinforced concrete
Listing Agency:
Total R E Consultants Inc
(954) 341-3294
Listed By:
J. Josep Pelayo · License #A11997717
(954) 551-9427
Source:
Xome
Added: Mar 27, 2021
Changed: Aug 14
Last Checked: Jul 24 at 4:56AM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
Freestanding office/warehouse totaling 59,553 SF, featuring an air-conditioned construction reinforced concrete portion totaling 35,000 SF. The building includes a reception area and elevator access, along with conference rooms and private restrooms. Operational support is provided through four loading docks and a clear ceiling height of 24 to 30 feet. Power supply is listed at 1,200 amps.
The property is offered for sale and is zoned CS, making it suited for users needing both office and warehouse functionality under the current zoning designation.
Additional functional details include on-site office-oriented spaces and loading capabilities, supported by the reinforced concrete construction and the stated ceiling height for warehouse use.
The property is offered for sale and is zoned CS, making it suited for users needing both office and warehouse functionality under the current zoning designation.
Additional functional details include on-site office-oriented spaces and loading capabilities, supported by the reinforced concrete construction and the stated ceiling height for warehouse use.
Key Highlights
- Freestanding office/warehouse totaling 59,553 SF with a 35,000 SF air‑conditioned reinforced concrete structure
- 4 loading docks plus elevator access, with reception area and conference rooms on site
- Private restrooms and 3 guest facilities
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
$577,483
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
7.70%
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%
$11,549,660
$11.5M
Cap Rate 7%
$8,249,757
$8.2M
Cap Rate 9%
$6,416,478
$6.4M
Market Conditions
NOI Build-Up for 59,553 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
$1.00M $16.80/SF
− Vacancy
−$112.1K −$1.88/SF
EGI
$888.4K $14.92/SF
− OpEx
−$311.0K −$5.22/SF
NOI
$577.5K $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%
$11,549,660
Cap Rate 7%
$8,249,757
Cap Rate 9%
$6,416,478
Alternative Uses
Best Use
Flex RnD
$8.25M
$7.22M – $9.62M
NOI $577,483 @ 7.0% cap · market cap 7.70%
Second Best
Warehouse
$7.28M
$6.37M – $8.50M
NOI $509,813 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$14.98M
$13.10M – $17.47M
NOI $1,048,371 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
30 ft
Clear height
4
Dock-high doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
785
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.
Similar Off Market Nearby
- Culinary Village Catering, LLC — 1592 se village green dr suite d, port st. lucie, fl 34952
- ArcAngels CATERING — 8741 SE Townplace Blvd, Port St. Lucie, FL 34952
- Paella Grill Catering — 8741 S U.S. Hwy 1, Port St. Lucie, FL 34952
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding office and warehouse offering a 35,000 SF air-conditioned concrete structure with four loading docks.
Where is this flex space located?
The property is located at 8883 S US Highway 1 Port St Lucie, FL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Freestanding office/warehouse totaling 59,553 SF with a 35,000 SF air‑conditioned reinforced concrete structure; 4 loading docks plus elevator access, with reception area and conference rooms on site; Private restrooms and 3 guest facilities
