Turnkey Restaurant
For Sale
$348,000
4019 SW Port St Lucie Boulevard, Port St Lucie, FL 34953
Turnkey restaurant bistro with a dual-concept dining and bakery/café counter layout and an on-site commercial espresso bar.
Property Size1,872 SF
Price / SF$185.90
Days on Market47
Property Features for 4019 SW Port St Lucie Boulevard
General Information
Standard status
Active
Size
1,872 SF
Building Details
Year Built
1999
Listing Agency:
LYNQ Real Estate
Listed By:
Yazcara Corrales Bradley · License #B26025130
(772) 631-2228
Source:
Mymiahomes
Added: Jul 20
Changed: Aug 23
Last Checked: Sep 2 at 7:21PM
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 LYNQ Real Estate
Investment Insights
Based on property information with market context.
This turnkey restaurant bistro is offered with a dual-concept layout that combines a full-service dining room with a dedicated bakery/café counter. Interior finishes include tufted banquettes, exposed brick, and floral ceiling installations, along with a professional espresso bar and glass pastry display. The property also features a fully equipped commercial kitchen, with most equipment installed within the last two years.
The sale includes a beer and wine license. The restaurant operates for breakfast, brunch, and lunch, with stated potential to extend into dinner service. It is located in a high-visibility Port St. Lucie plaza with ample parking and strong daily traffic along a major corridor.
The majority of interior equipment and décor work was completed within the last two years, reflecting recent build-out and ready-to-operate condition.
The sale includes a beer and wine license. The restaurant operates for breakfast, brunch, and lunch, with stated potential to extend into dinner service. It is located in a high-visibility Port St. Lucie plaza with ample parking and strong daily traffic along a major corridor.
The majority of interior equipment and décor work was completed within the last two years, reflecting recent build-out and ready-to-operate condition.
Key Highlights
- Turnkey restaurant bistro in a Port St. Lucie plaza with a dual‑concept dining room plus dedicated bakery/cafe9 counter
- Includes a beer and wine license
- Fully equipped commercial kitchen with mostly new equipment installed within the last two years
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
$27,961
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
8.03%
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%
$559,220
$559.2K
Cap Rate 7%
$399,443
$399.4K
Cap Rate 9%
$310,678
$310.7K
Market Conditions
NOI Build-Up for 1,872 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
$40.4K $21.60/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$37.3K $19.92/SF
− OpEx
−$9.3K −$4.98/SF
NOI
$28.0K $14.94/SF
Area
St. Lucie County, FL
Vacancy
7.80%
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%
$559,220
Cap Rate 7%
$399,443
Cap Rate 9%
$310,678
Alternative Uses
Best Use
Specialty Retail
$399.4K
$349.5K – $466.0K
NOI $27,961 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.8K
$411.9K – $549.3K
NOI $32,955 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Dollar General
Shops & Services
15,195 visits/mo
0.1 miles
Little Caesars Pizza
Dining
2,682 visits/mo
0.1 miles
Demographics for 34953, FL
77,023
Population
28,131
Households
2.7
Avg Household Size
39
Median Age
23%
College-Educated
90%
High-School Grad
23.8 sq mi
ZIP Area
3,236
Density / Sq Mi
$81,028
Median Household Income
$39,348
Median Earnings
$1,902
Median Rent
$326,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant bistro with a dual-concept dining and bakery/café counter layout and an on-site commercial espresso bar.
Where is this conventional restaurant located?
The property is located at 4019 SW Port St Lucie Boulevard Port St Lucie, FL.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Turnkey restaurant bistro in a Port St. Lucie plaza with a dual‑concept dining room plus dedicated bakery/cafe9 counter; Includes a beer and wine license; Fully equipped commercial kitchen with mostly new equipment installed within the last two years
