Office Unit with Flex
For Sale
$365,000
540 NW University Boulevard Unit 206, Port St Lucie, FL 34986
Freshly painted office unit with reception, kitchen, private offices, and adaptable open workspace.
Property Size968 SF
Price / SF$377.07
Days on Market138
Property Features for 540 NW University Boulevard Unit 206
General Information
Standard status
Active
Size
968 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Abandoned
No
Listing Agency:
The Keyes Company
Listed By:
Joanne McCurdy · License #3023629
(772) 216-2821
Source:
Thepennteam
Added: Jun 4
Changed: Oct 5
Last Checked: Oct 7 at 4:22PM
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 The Keyes Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial office unit offers a freshly painted, clean interior with a separate reception area, equipped kitchen, 4 offices, and a large open flex area. The configuration supports a range of professional office uses and provides a combination of defined rooms and adaptable workspace.
The property is positioned at 540 NW University Boulevard, #206, in Port St Lucie, Florida, with visibility from the road and custom signage allowed. It is located right off 95, across from the Mets Stadium, and includes plenty of parking. Built in 2006, the unit is zoned commercial and may suit an on-site user or an owner seeking space for a tenant.
The property is positioned at 540 NW University Boulevard, #206, in Port St Lucie, Florida, with visibility from the road and custom signage allowed. It is located right off 95, across from the Mets Stadium, and includes plenty of parking. Built in 2006, the unit is zoned commercial and may suit an on-site user or an owner seeking space for a tenant.
Key Highlights
- 4 offices plus a large open flex space
- Separate reception area and equipped kitchen
- Freshly painted and clean interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,099
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,980
$262.0K
Cap Rate 7%
$187,129
$187.1K
Cap Rate 9%
$145,544
$145.5K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$24.4K $25.20/SF
− Vacancy
−$2.6K −$2.65/SF
EGI
$21.8K $22.55/SF
− OpEx
−$8.7K −$9.02/SF
NOI
$13.1K $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%
$261,980
Cap Rate 7%
$187,129
Cap Rate 9%
$145,544
Alternative Uses
Best Use
Healthcare Medical
$187.1K
$163.7K – $218.3K
NOI $13,099 @ 7.0% cap · market cap 3.59%
Second Best
Office B
$174.7K
$152.9K – $203.9K
NOI $12,232 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$243.4K
$213.0K – $284.0K
NOI $17,041 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office units - Freshly painted office unit with reception, kitchen, private offices, and adaptable open workspace.
Where is this office units located?
The property is located at 540 NW University Boulevard Unit 206 Port St Lucie, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 4 offices plus a large open flex space; Separate reception area and equipped kitchen; Freshly painted and clean interior
