Turn-Key Medical
For Sale
Contact for pricing
264 NW Peacock Blvd, Port St Lucie, FL 34986
Turn-key medical office with modern interior finishes and a versatile configuration, offered as an income-producing asset.
Property Size4,324 SF
Price / SF$231.27
Days on Market124
Property Features for 264 NW Peacock Blvd
General Information
Standard status
Active
Size
4,324 SF
Property subtype
OFFICE
Zoning
General Use
Listing Agency:
SLC Commercial Realty & Development
(772) 220-4096
Listed By:
Tyler Raynes · License #BK3419374
(772) 418-1946
Source:
Moodyscre
Added: May 12
Changed: Sep 6
Last Checked: Sep 12 at 11:07AM
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 SLC Commercial Realty & Development
Investment Insights
Based on property information with market context.
This turn-key medical office provides a versatile space configuration finished with modern interior finishes and high-quality construction throughout. The property is zoned General Use, supporting a flexible office layout designed to accommodate medical operations.
Located in St. Lucie West at 264 NW Peacock Blvd in Port St. Lucie, the building offers easy access to major roads for client and staff convenience. It is being marketed as an income-producing asset, with a stated NOI of $65,000.
With approximately 4,324 square feet of space, the suite is positioned for an owner-occupant or an investor seeking a ready-to-use medical office setup. The combination of turnkey condition, practical configuration, and straightforward access supports a smooth transition for the right operator or buyer.
Located in St. Lucie West at 264 NW Peacock Blvd in Port St. Lucie, the building offers easy access to major roads for client and staff convenience. It is being marketed as an income-producing asset, with a stated NOI of $65,000.
With approximately 4,324 square feet of space, the suite is positioned for an owner-occupant or an investor seeking a ready-to-use medical office setup. The combination of turnkey condition, practical configuration, and straightforward access supports a smooth transition for the right operator or buyer.
Key Highlights
- Zoned General Use
- Turn‑key medical office with modern interior finishes
- Versatile space configuration
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
$58,514
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
5.85%
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%
$1,170,280
$1.2M
Cap Rate 7%
$835,914
$835.9K
Cap Rate 9%
$650,156
$650.2K
Market Conditions
NOI Build-Up for 4,324 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
$109.0K $25.20/SF
− Vacancy
−$11.4K −$2.65/SF
EGI
$97.5K $22.55/SF
− OpEx
−$39.0K −$9.02/SF
NOI
$58.5K $13.53/SF
Area
St. Lucie County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$1,170,280
Cap Rate 7%
$835,914
Cap Rate 9%
$650,156
Alternative Uses
Best Use
Healthcare Medical
$835.9K
$731.4K – $975.2K
NOI $58,514 @ 7.0% cap · market cap 5.85%
Second Best
Office B
$780.5K
$683.0K – $910.6K
NOI $54,638 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$1.09M
$951.5K – $1.27M
NOI $76,120 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turn-key medical office with modern interior finishes and a versatile configuration, offered as an income-producing asset.
Where is this medical office space located?
The property is located at 264 NW Peacock Blvd Port St Lucie, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Zoned General Use; Turn‑key medical office with modern interior finishes; Versatile space configuration
