Flex Space with
For Sale
$198,000
1459 Village Green Drive, Port St Lucie, FL 34952
Open commercial unit with finished floors, warehouse-compatible zoning, parking, and access to US-1.
Property Size814 SF
Price / SF$243.24
Days on Market203
Property Features for 1459 Village Green Drive
General Information
Standard status
Active
Size
814 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,727
Amenities
3
Building Details
Year Built
1984
Listing Agency:
RE/MAX of Stuart
(772) 201-1505
Listed By:
Milton Koster · License #3296273
(772) 201-1505
Source:
Xome
Added: Jan 25
Changed: Aug 16
Last Checked: Aug 16 at 3:53AM
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 RE/MAX of Stuart
Investment Insights
Based on property information with market context.
This flex property offers an open showroom configuration with newly finished SunDek floors and a clean, adaptable interior. The unit is positioned for warehouse and light industrial operations, providing a practical setting for a range of commercial activities. The building was constructed in 1984.
Commerce Center 1 is situated within the Village Green Drive warehouse district in east Port St. Lucie. Access to US-1, Crosstown Parkway, and Prima Vista Boulevard supports convenient movement for customers, employees, and deliveries. The project includes ample parking and a mix of small-bay industrial occupants, with a professional commercial setting suited to contractors, service businesses, and light manufacturing or distribution operations.
Commerce Center 1 is situated within the Village Green Drive warehouse district in east Port St. Lucie. Access to US-1, Crosstown Parkway, and Prima Vista Boulevard supports convenient movement for customers, employees, and deliveries. The project includes ample parking and a mix of small-bay industrial occupants, with a professional commercial setting suited to contractors, service businesses, and light manufacturing or distribution operations.
Key Highlights
- Open showroom layout with newly finished SunDek floors
- Zoning supports warehouse and light industrial operations
- Located in the Village Green Drive warehouse district
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
$9,385
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
4.74%
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%
$187,700
$187.7K
Cap Rate 7%
$134,071
$134.1K
Cap Rate 9%
$104,278
$104.3K
Market Conditions
NOI Build-Up for 814 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
$14.7K $18.00/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$13.4K $16.47/SF
− OpEx
−$4.0K −$4.94/SF
NOI
$9.4K $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 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%
$187,700
Cap Rate 7%
$134,071
Cap Rate 9%
$104,278
Alternative Uses
Best Use
Retail
$134.1K
$117.3K – $156.4K
NOI $9,385 @ 7.0% cap · market cap 4.74%
Second Best
Flex RnD
$112.8K
$98.7K – $131.6K
NOI $7,893 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$204.7K
$179.1K – $238.8K
NOI $14,330 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
768
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 - Open commercial unit with finished floors, warehouse-compatible zoning, parking, and access to US-1.
Where is this flex space located?
The property is located at 1459 Village Green Drive Port St Lucie, FL.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Open showroom layout with newly finished SunDek floors; Zoning supports warehouse and light industrial operations; Located in the Village Green Drive warehouse district
