Building Details

Building Size 4,324 SF

Year Built 2007

Listing Agency: SLC Commercial Realty & Development

Listed By: Tyler Raynes · License #BK3419374 Show Phone

Source: Slccommercial

Added: Jun 2 Changed: Oct 7 Last Checked: Oct 19 at 4:17AM

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Investment Insights

Based on property information with market context.

Well-located 2,818 SF medical office condo in the heart of St. Lucie West, offered as a sale-leaseback investment with an established, in-place medical practice. The space is turn-key, with high-quality construction and a modern interior finish package. A versatile configuration supports day-to-day care operations and tenant use, with the added appeal of ongoing income support through a new 5-year lease term.

The property is zoned for General Use and positioned for convenient access to major roads, with nearby amenities in the surrounding area. This combination can be helpful for maintaining patient-facing accessibility while keeping the asset oriented toward healthcare corridor demand.

For investors, the in-place tenancy and leaseback structure are designed to provide stable cash flow from day one, with the lease scheduled for renewal on a new 5-year term at market rent and annual rent increases. With NOI reported at $65,000 and an indicated 6.5% cap rate, this is a straightforward option for buyers seeking a lower-management medical asset supported by proven operations.

Key Highlights

• 2,818 SF medical office condo built in 2007 in St. Lucie West
• Offered as a sale‑leaseback with a new 5‑year leaseback term at market rent
• Includes established, in‑place medical practice with built‑in tenancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,134

Cap Rate

4.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$762,680 $762.7K

Cap Rate 7%

$544,771 $544.8K

Cap Rate 9%

$423,711 $423.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,818 SF

Gross rent

$71.0K $25.20/SF

− Vacancy

−$7.5K −$2.65/SF

EGI

$63.6K $22.55/SF

− OpEx

−$25.4K −$9.02/SF

NOI

$38.1K $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 Rate 5%

$762,680

Cap Rate 7%

$544,771

Cap Rate 9%

$423,711

Alternative Uses

Best Use

Healthcare Medical

$544.8K

$476.7K – $635.6K (±1% cap)

NOI $38,134 @ 7.0% cap · market cap 4.01%

Second Best

Office B

$508.7K

$445.1K – $593.5K (±1% cap)

NOI $35,608 @ 7.0% cap · market cap 3.75%

Theoretical Best

Office A

$708.7K

$620.1K – $826.8K (±1% cap)

NOI $49,608 @ 7.0% cap · market cap 5.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Peacock Dental - Mirela ... Dental Office Dr. Charles A. Buscema Physician Pioneer Pain Management ... Physician Back In Action, Saint ... Physician Psychiatry of the Palm Beaches ... Medical Clinic

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Food Market Grocery & Convenience Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar Off Market Nearby

• Petco Vaccination Clinic — 1753 St Lucie W Blvd, Port St. Lucie, FL 34986
• Port Saint Lucie Animal Medical Center - Vetco Total Care — 1753 St Lucie W Blvd, Port St. Lucie, FL 34986
• Kelly's Animal Hospital — 150 NW Central Park Plaza, Port St. Lucie, FL 34986
• Guardian Veterinary Medical Center — 415 NW California Blvd, Port St. Lucie, FL 34986

Frequently Asked Questions

What type of property is this?

Medical Office Space - Turn-key medical office condo with in-place practice, structured sale-leaseback for stable, predictable investor cash flow.

Where is this medical office space located?

The property is located at 266 NW Peacock Blvd Unit 204 -205 St Lucie West, FL.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 2,818 SF medical office condo built in 2007 in St. Lucie West; Offered as a sale‑leaseback with a new 5‑year leaseback term at market rent; Includes established, in‑place medical practice with built‑in tenancy