7-Office Condominium
For Sale
Under Contract
$350,000
550 NW University Blvd, Port St Lucie, FL 34986
Commercial Sale, Port St Lucie, FL
Property Size2,124 SF
Lot Size0.05 Acres
Price / SF$164.78
Days on Market100
Property Features for 550 NW University Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
7500
Standard status
Active Under Contract
APN
3325-600-0010-400-6
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
UNIVERSITY PARK ST LUCIE WEST PLAT #143 SECOND REPLAT IN PARCEL 21D (PB 41-29) THAT PART OF LOT 7 DESC AS UNIT F-104 MPDAF: FROM NW COR OF L
Tax Annual Amount
7960
HOA Fee
$2,833 Quarterly
Legal Description
UNIVERSITY PARK ST LUCIE WEST PLAT #143 SECOND REPLAT IN PARCEL 21D (PB 41-29) THAT PART OF LOT 7 DESC AS UNIT F-104 MPDAF: FROM NW COR OF L
Building Details
Year built
2006
Floors in Building
1
Listing Agency:
Allison James Estates & Homes
(941) 500-4922
Listed By:
Nadine Pierre · License #3176331
(754) 245-4016
Added: Jul 13
Changed: Oct 1
Last Checked: Oct 20 at 7:06AM
MLS# A12028833
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office condominium contains approximately 2,124 square feet with seven private offices, a reception and waiting area, restroom, and storage areas. The suite is currently vacant, supporting immediate owner occupancy or leasing to multiple tenants. The property is offered AS IS.
Located within West Park Professional Centre, the suite sits across from Clover Park, home of the New York Mets Spring Training facility. The property includes ample parking and provides access to I-95 and Florida's Turnpike, with restaurants, shopping, hospitals, and professional services in the surrounding area. Buyers are to verify measurements, zoning, permitted uses, condominium information, and association requirements.
Located within West Park Professional Centre, the suite sits across from Clover Park, home of the New York Mets Spring Training facility. The property includes ample parking and provides access to I-95 and Florida's Turnpike, with restaurants, shopping, hospitals, and professional services in the surrounding area. Buyers are to verify measurements, zoning, permitted uses, condominium information, and association requirements.
Key Highlights
- Approximately 2,124‑square‑foot office condominium
- Seven private offices with reception and waiting area
- Currently vacant for owner occupancy or leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,839
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,780
$536.8K
Cap Rate 7%
$383,414
$383.4K
Cap Rate 9%
$298,211
$298.2K
Market Conditions
NOI Build-Up for 2,124 SF
Gross rent
$45.9K $21.60/SF
− Vacancy
−$10.1K −$4.75/SF
EGI
$35.8K $16.85/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$26.8K $12.64/SF
Area
St. Lucie County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,780
Cap Rate 7%
$383,414
Cap Rate 9%
$298,211
Alternative Uses
Best Use
Office B
$383.4K
$335.5K – $447.3K
NOI $26,839 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$534.2K
$467.4K – $623.2K
NOI $37,391 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant professional suite with reception space, restroom, storage, and flexible occupancy for an owner-user or multiple tenants.
Where is this office unit located?
The property is located at 550 NW University Blvd Port St Lucie, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 2,124‑square‑foot office condominium; Seven private offices with reception and waiting area; Currently vacant for owner occupancy or leasing
