Industrial Flex Space with
For Sale
Contact for pricing
1553 SE South Niemeyer Cir, Port St Lucie, FL 34952
Built-out unit includes three air-conditioned offices supporting administrative work, meetings, and client interactions.
Property Size1,200 SF
Price / SF$216.67
Days on Market204
Property Features for 1553 SE South Niemeyer Cir
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Industrial
Zoning
Warehouse Industrial
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Crady Mackin Belland Commercial Real Estate
Listed By:
Conor Mackin · License #BK3495289
(772) 291-8443
Source:
Crexi
Added: Feb 11
Changed: Sep 3
Last Checked: Sep 2 at 6:29AM
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 Crady Mackin Belland Commercial Real Estate
Investment Insights
Based on property information with market context.
This 1,200-square-foot flex condominium was built in 2004 and is configured for a combination of industrial and office functions. The interior includes three air-conditioned offices that can support administrative work, meetings, and client interactions, along with the broader utility of a flex-space layout.
The property is zoned Warehouse Industrial and is located at 1553 SE South Niemeyer Cir in Port St. Lucie. Access to US-1 and Crosstown Parkway is nearby, while I-95 is less than 10 miles away.
The property is zoned Warehouse Industrial and is located at 1553 SE South Niemeyer Cir in Port St. Lucie. Access to US-1 and Crosstown Parkway is nearby, while I-95 is less than 10 miles away.
Key Highlights
- 1,200‑square‑foot industrial flex condominium
- Three air‑conditioned offices included
- Warehouse Industrial zoning
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
$15,163
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
5.83%
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%
$303,260
$303.3K
Cap Rate 7%
$216,614
$216.6K
Cap Rate 9%
$168,478
$168.5K
Market Conditions
NOI Build-Up for 1,200 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
$25.9K $21.60/SF
− Vacancy
−$5.7K −$4.75/SF
EGI
$20.2K $16.85/SF
− OpEx
−$5.1K −$4.21/SF
NOI
$15.2K $12.64/SF
Area
St. Lucie County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$303,260
Cap Rate 7%
$216,614
Cap Rate 9%
$168,478
Alternative Uses
Best Use
Office B
$216.6K
$189.5K – $252.7K
NOI $15,163 @ 7.0% cap · market cap 5.83%
Second Best
Flex RnD
$166.2K
$145.5K – $193.9K
NOI $11,636 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$301.8K
$264.1K – $352.1K
NOI $21,125 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
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 Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- 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 - Built-out unit includes three air-conditioned offices supporting administrative work, meetings, and client interactions.
Where is this flex space located?
The property is located at 1553 SE South Niemeyer Cir Port St Lucie, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,200‑square‑foot industrial flex condominium; Three air‑conditioned offices included; Warehouse Industrial zoning
