18-Bay Flex
2095 NW Commerce Lakes Dr, Port Saint Lucie, FL 34986
For Sale
Contact for pricing
The planned multi-bay layout offers a range of individual spaces within one flex property.
Property Size23,654 SF
Price / SF$270.57
Days on Market30
Property Features for 2095 NW Commerce Lakes Dr
General Information
Standard status
Size
Property subtype
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Matthew Mondo · License FL SL3445909
(772) 236-7780
Source:
Moodyscre
Added: Oct 12
Changed: Nov 7
Last Checked: Nov 10 at 6:16AM
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.
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Investment Insights
Based on property information with market context.
Planned as a flex property with 18 bays, the building is under development and scheduled as 2026 construction. The project encompasses 23,654 square feet, with a multi-space configuration at its core.
Key Highlights
- 18 bays in a 23,654‑square‑foot flex property
- 2026 construction; currently under development
- Pre‑leasing opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,372
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,587,440
$4.6M
Cap Rate 7%
$3,276,743
$3.3M
Cap Rate 9%
$2,548,578
$2.5M
Market Conditions
NOI Build-Up for 23,654 SF
Gross rent
$397.4K $16.80/SF
− Vacancy
−$44.5K −$1.88/SF
EGI
$352.9K $14.92/SF
− OpEx
−$123.5K −$5.22/SF
NOI
$229.4K $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%
$4,587,440
Cap Rate 7%
$3,276,743
Cap Rate 9%
$2,548,578
Alternative Uses
Best Use
Flex RnD
$3.28M
$2.87M – $3.82M
NOI $229,372 @ 7.0% cap · market cap 3.58%
Second Best
Industrial
$2.38M
$2.08M – $2.78M
NOI $166,760 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$5.95M
$5.21M – $6.94M
NOI $416,405 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Balanced
Demand for This Use
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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
$368,300
Median Home Value
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Market
Average Price Trend$/SF for Flex space in St. Lucie County, FL
Properties on Market for Flex space in St. Lucie County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The planned multi-bay layout offers a range of individual spaces within one flex property.
Where is this flex space located?
The property is located at 2095 NW Commerce Lakes Dr Port Saint Lucie, FL.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: 18 bays in a 23,654‑square‑foot flex property; 2026 construction; currently under development; Pre‑leasing opportunity
