Light Industrial Duplex For
For Sale
$2,895,000
1725-1733 SW Biltmore St, Port St Lucie, FL 34984
Fully leased, renovated light industrial duplex near major highways.
Property Size12,000 SF
Lot Size0.92 Acres
Price / SF$241.25
Days on Market212
Property Features for 1725-1733 SW Biltmore St
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.92 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$24,101
Building Details
Building Size
12,000 SF
Year Built
1988
Stories
1
Listing Agency:
Management Specialists
Listed By:
Jeffrey Miller · License #3180664
(772) 380-9011
Source:
Elliman
Added: Mar 10
Changed: Sep 24
Last Checked: Oct 5 at 7:50PM
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 Management Specialists
Investment Insights
Based on property information with market context.
This 12,000 square foot light industrial duplex is fully leased and located minutes from major highways including the Florida Turnpike, I-95, US1, and Crosstown Parkway, providing excellent accessibility for logistics and distribution. The property was fully renovated in 2013 and offers modern facilities and strong structural integrity. It is priced below replacement cost and is fully leased to high-quality tenants, providing immediate cash flow. The property is versatile for both long-term investors or potential owner-users looking for a strategic location. Flexible parking lots can double as yard space, ideal for operational flexibility. A permitted well is located on site, offering potential for specialized manufacturing or other uses. Seller financing is available with flexible terms based on duration, sale price, and conditions. This property offers potential for growth and value appreciation.
Key Highlights
- Fully leased to high‑quality tenants, providing immediate cash flow.
- Priced below replacement cost, making this an incredible value.
- Conveniently located minutes from major highways (Florida Turnpike, I‑95, US1, & Crosstown Parkway) ensuring excellent accessibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,364
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,327,280
$2.3M
Cap Rate 7%
$1,662,343
$1.7M
Cap Rate 9%
$1,292,933
$1.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$201.6K $16.80/SF
− Vacancy
−$22.6K −$1.88/SF
EGI
$179.0K $14.92/SF
− OpEx
−$62.7K −$5.22/SF
NOI
$116.4K $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 Rate 5%
$2,327,280
Cap Rate 7%
$1,662,343
Cap Rate 9%
$1,292,933
Alternative Uses
Best Use
Flex RnD
$1.66M
$1.45M – $1.94M
NOI $116,364 @ 7.0% cap · market cap 4.02%
Second Best
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,599 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,248 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34984, FL
16,721
Population
7,254
Households
2.3
Avg Household Size
44
Median Age
24%
College-Educated
85%
High-School Grad
9.8 sq mi
ZIP Area
1,706
Density / Sq Mi
$79,766
Median Household Income
$44,685
Median Earnings
$1,888
Median Rent
$324,900
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?
Flex space - Fully leased, renovated light industrial duplex near major highways.
Where is this flex space located?
The property is located at 1725-1733 SW Biltmore St Port St Lucie, FL.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Fully leased to high‑quality tenants, providing immediate cash flow.; Priced below replacement cost, making this an incredible value.; Conveniently located minutes from major highways (Florida Turnpike, I‑95, US1, & Crosstown Parkway) ensuring excellent accessibility.
