Vacant Office
For Sale
$350,000
550 University Blvd, Port St Lucie, FL 34986
Seven private offices support immediate owner occupancy or multi-tenant leasing.
Property Size2,178 SF
Price / SF$160.70
Days on Market66
Property Features for 550 University Blvd
General Information
Standard status
Active
Size
2,178 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$7,960
Amenities
3
Building Details
Year Built
2006
Owner Occupied
No
Listing Agency:
Allison James Estates & Homes
(754) 245-4016
Listed By:
Nadine Pierre · License #3176331
(754) 245-4016
Source:
Xome
Added: May 29
Changed: Aug 2
Last Checked: Aug 2 at 5:22AM
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.
Built in 2006, this vacant office condominium provides a practical configuration for an owner-user or an investor seeking flexible occupancy. The suite includes seven private offices, a reception and waiting area, a restroom, and dedicated storage areas. Its layout can accommodate professional, medical, legal, financial, or administrative operations, subject to verification of zoning and permitted uses. The property is being sold as-is.
The office is located within West Park Professional Centre at 550 University Blvd in Port St. Lucie. It sits across from Clover Park, the New York Mets Spring Training facility, and offers convenient access to I-95 and Florida's Turnpike. Restaurants, shopping, hospitals, and other professional services are also identified in the surrounding area. Ample parking is available at the professional center, with condominium and association requirements subject to buyer verification.
The office is located within West Park Professional Centre at 550 University Blvd in Port St. Lucie. It sits across from Clover Park, the New York Mets Spring Training facility, and offers convenient access to I-95 and Florida's Turnpike. Restaurants, shopping, hospitals, and other professional services are also identified in the surrounding area. Ample parking is available at the professional center, with condominium and association requirements subject to buyer verification.
Key Highlights
- Seven private offices plus reception and waiting areas
- Vacant suite supports immediate owner occupancy or leasing to multiple tenants
- Dedicated storage areas and restroom included
Financial Insights For Office B
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 | $47.0k | $21.60 |
| − Vacancy | −$10.3k | −$4.75 |
| EGI | $36.7k | $16.85 |
| − OpEx | −$9.2k | −$4.21 |
| NOI | $27.5k | $12.64 |
2,178 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
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.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,193
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Seven private offices support immediate owner occupancy or multi-tenant leasing.
Where is this office units located?
The property is located at 550 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: Seven private offices plus reception and waiting areas; Vacant suite supports immediate owner occupancy or leasing to multiple tenants; Dedicated storage areas and restroom included
