Office Condominium Suite with Seven
For Sale
$350,000
550 NW University Blvd 104, Port St Lucie, FL 34986
Vacant professional office suite with seven private offices, reception area, restroom, and storage within West Park Professional Centre.
Property Size2,178 SF
Price / SF$160.70
Days on Market94
Property Features for 550 NW University Blvd 104
General Information
Standard status
Active
Size
2,178 SF
Additional Details
Office Units
7
Building Details
Year Built
2006
Listing Agency:
Allison James Estates & Homes
Listed By:
Nadine Pierre · License #3176331
(754) 245-4016
Source:
Chenoregroup
Added: Jul 18
Changed: Oct 2
Last Checked: Oct 7 at 1:33PM
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
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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 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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,521
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,420
$550.4K
Cap Rate 7%
$393,157
$393.2K
Cap Rate 9%
$305,789
$305.8K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$47.0K $21.60/SF
− Vacancy
−$10.3K −$4.75/SF
EGI
$36.7K $16.85/SF
− OpEx
−$9.2K −$4.21/SF
NOI
$27.5K $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%
$550,420
Cap Rate 7%
$393,157
Cap Rate 9%
$305,789
Alternative Uses
Best Use
Office B
$393.2K
$344.0K – $458.7K
NOI $27,521 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.7K
$479.3K – $639.0K
NOI $38,342 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
7
Office units
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 - 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).
