Office Condominium Suite with Seven
550 NW University Blvd #104 Port St Lucie, FL 34986
550 NW University Blvd #104, Port St Lucie, FL, 34986
$350,000
For Sale
$350,000
Vacant professional office suite with seven private offices, reception area, restroom, and storage within West Park Professional Centre.
Property Size2,124 SF
Price / SF$164.78
Days on Market45
Property Features for 550 NW University Blvd #104
General Information
- Standard status
- Active
- Size
- 2,124 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing Agency
ALLISON JAMES ESTATES & HOMES
(754) 245-4016
Listed by
NADINE PIERRE · License #A12028833
Source
Corcoran
Added: Jun 4 Checked: Jul 18 at 2:40 am
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 ALLISON JAMES ESTATES & HOMES
Investment Insights
Based on property information with market context.
This office condominium suite is approximately 2,124 square feet and is offered for sale vacant and ready for immediate occupancy. The layout includes seven private offices, a reception and waiting area, a storage area, a restroom, and additional ample storage throughout.
The suite is located within West Park Professional Centre in the St. Lucie West area and sits directly across from Clover Park, home of the New York Mets Spring Training facility. The property offers ample parking and convenient access to I-95 and Florida’s Turnpike, with nearby restaurants, shopping, hospitals, and other professional services.
The property is being sold AS IS, and buyers should verify all measurements, zoning, permitted uses, condominium information, and association requirements.
The suite is located within West Park Professional Centre in the St. Lucie West area and sits directly across from Clover Park, home of the New York Mets Spring Training facility. The property offers ample parking and convenient access to I-95 and Florida’s Turnpike, with nearby restaurants, shopping, hospitals, and other professional services.
The property is being sold AS IS, and buyers should verify all measurements, zoning, permitted uses, condominium information, and association requirements.
Key Highlights
- 2,124‑sq‑ft vacant professional office condominium suite in West Park Professional Centre (year built 2006).
- Layout includes seven private offices, reception/waiting area, storage area, and restroom.
- Suite offers immediate owner‑occupant use or leasing potential to multiple tenants (per description).
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.5k | $25.20 |
| − Vacancy | −$5.6k | −$2.65 |
| EGI | $47.9k | $22.55 |
| − OpEx | −$19.2k | −$9.02 |
| NOI | $28.7k | $13.53 |
2,124 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$410.6K
$359.3K – $479.1K
NOI $28,743 @ 7.0% cap · market cap 8.21%
Second Best
Office B
$383.4K
$335.5K – $447.3K
NOI $26,839 @ 7.0% cap · market cap 7.67%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Immigration Document Solutions
Law Firm
LowTdoc - Testosterone Replacement ...
Medical Clinic
The Academy at Ambrosia
Counselor
Youth and Longevity , LLC ...
Medical Clinic
Roger H. Bell, ...
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Vacant professional office suite with seven private offices, reception area, restroom, and storage within West Park Professional Centre.
Where is this office units located?
The property is located at 550 NW University Blvd #104 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: 2,124‑sq‑ft vacant professional office condominium suite in West Park Professional Centre (year built 2006).; Layout includes seven private offices, reception/waiting area, storage area, and restroom.; Suite offers immediate owner‑occupant use or leasing potential to multiple tenants (per description).
