Port St. Lucie Flex
For Sale
Contact for pricing
571 NW Mercantile Pl, Port Saint Lucie, FL
Flex unit in West Park Industrial Center for lease.
Property Size1,600 SF
Lot Size0.04 Acres
Price / SF$218.75
Days on Market392
Property Features for 571 NW Mercantile Pl
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.04 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Mathew Crady · License #3319900
(772) 260-1655
Source:
Moodyscre
Added: Aug 13, 2025
Changed: Jul 6
Last Checked: Sep 7 at 10:17AM
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 Jeremiah Baron & Co.
Investment Insights
Based on property information with market context.
This flex unit is located in the West Park Industrial Center in Port St. Lucie, Florida. The property features an open concept warehouse with a small air-conditioned office and a 300-square-foot mezzanine space. It also includes a roll-up door and a pedestrian door in the rear. The property is suitable for various industrial uses, including manufacturing, assembly, storage, and wholesale trade, as permitted under the Warehouse Industrial zoning. The property is approximately 2 miles from the I-95 access ramp and is surrounded by national and regional businesses. The property contains 1,600 square feet.
Key Highlights
- Excellent location in West Park Industrial Center, Port St. Lucie.
- Convenient access to I‑95 (approx. 2 miles).
- Flexible open concept warehouse space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,515
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,300
$310.3K
Cap Rate 7%
$221,643
$221.6K
Cap Rate 9%
$172,389
$172.4K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$26.9K $16.80/SF
− Vacancy
−$3.0K −$1.88/SF
EGI
$23.9K $14.92/SF
− OpEx
−$8.4K −$5.22/SF
NOI
$15.5K $9.70/SF
Area
St. Lucie County, FL
Vacancy
11.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,300
Cap Rate 7%
$221,643
Cap Rate 9%
$172,389
Alternative Uses
Best Use
Flex RnD
$221.6K
$193.9K – $258.6K
NOI $15,515 @ 7.0% cap · market cap 4.43%
Second Best
Warehouse
$195.7K
$171.2K – $228.3K
NOI $13,697 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial 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?
Flex space - Flex unit in West Park Industrial Center for lease.
Where is this flex space located?
The property is located at 571 NW Mercantile Pl Port Saint Lucie, FL.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Excellent location in West Park Industrial Center, Port St. Lucie.; Convenient access to I‑95 (approx. 2 miles).; Flexible open concept warehouse space.
