Commercial Laundry Service
For Sale
Contact for pricing
679 NW Enterprise Dr, Port St Lucie, FL 34986
Established commercial laundry service serving hospitality, restaurants, and clubs, with equipment, lease, client portfolio, and vehicles included.
Property Size5,250 SF
Price / SF$219.05
Days on Market506
Property Features for 679 NW Enterprise Dr
General Information
Standard status
Active
Size
5,250 SF
Property subtype
INDUSTRIAL
Additional Details
Business Included
Yes
Highway Access
Yes
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Matthew Mondo · License #SL3445909
(772) 236-7780
Source:
Moodyscre
Added: Apr 26, 2025
Changed: Sep 6
Last Checked: Sep 13 at 9:42AM
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.
Investment Insights
Based on property information with market context.
This offering is for an established commercial laundry service business. The sale includes all equipment, the property lease, the client portfolio, and company vehicles, supporting ongoing operations for customers.
The company primarily serves the hospitality industry, as well as restaurants and clubs. Its service area includes Brevard, Broward, Indian River, Martin, St. Lucie, and Palm Beach counties. The property is located at 679 NW Enterprise Dr in Port St. Lucie, and is conveniently located about 1.9 miles from I-95.
The property is described as surrounded by both national and local retailers. Please do not disturb staff onsite.
The company primarily serves the hospitality industry, as well as restaurants and clubs. Its service area includes Brevard, Broward, Indian River, Martin, St. Lucie, and Palm Beach counties. The property is located at 679 NW Enterprise Dr in Port St. Lucie, and is conveniently located about 1.9 miles from I-95.
The property is described as surrounded by both national and local retailers. Please do not disturb staff onsite.
Key Highlights
- Established commercial laundry service business serving the hospitality industry, plus restaurants and clubs
- Sale includes all equipment, the property lease, client portfolio, and company vehicles
- Primary service area covers Brevard, Broward, Indian River, Martin, St. Lucie, and Palm Beach counties
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
$37,012
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
3.22%
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%
$740,240
$740.2K
Cap Rate 7%
$528,743
$528.7K
Cap Rate 9%
$411,244
$411.2K
Market Conditions
NOI Build-Up for 5,250 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
$65.5K $12.48/SF
− Vacancy
−$12.6K −$2.41/SF
EGI
$52.9K $10.07/SF
− OpEx
−$15.9K −$3.02/SF
NOI
$37.0K $7.05/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
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%
$740,240
Cap Rate 7%
$528,743
Cap Rate 9%
$411,244
Alternative Uses
Best Use
Industrial
$528.7K
$462.7K – $616.9K
NOI $37,012 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,421 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 34986, FL
30,027
Population
14,600
Households
2.1
Avg Household Size
56
Median Age
35%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,597
Density / Sq Mi
$85,842
Median Household Income
$44,182
Median Earnings
$1,600
Median Rent
$368,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Established commercial laundry service serving hospitality, restaurants, and clubs, with equipment, lease, client portfolio, and vehicles included.
Where is this manufacturing property located?
The property is located at 679 NW Enterprise Dr Port St Lucie, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Established commercial laundry service business serving the hospitality industry, plus restaurants and clubs; Sale includes all equipment, the property lease, client portfolio, and company vehicles; Primary service area covers Brevard, Broward, Indian River, Martin, St. Lucie, and Palm Beach counties
