Two-Unit Warehouse and
6900 Heritage Drive Port St Lucie, FL 34952
6900 Heritage Drive, Port St Lucie, FL, 34952
$1,250,000
For Sale
$1,250,000
Two separate warehouse/shop units with bay doors, offices, and fenced, gated outdoor storage on secured land.
Property Size4,500 SF
Lot Size0.75 Acres
Price / SF$277.78
Days on Market807
Property Features for 6900 Heritage Drive
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.75 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1989
Listing agency
Reef To Ranch Real Estate, Inc
(772) 332-9544
Listed by
Cooper Osteen · License #3393898
(772) 332-9544
Source
Xome
Added: May 7, 2024 Updated: Jul 21 at 7:59AM Checked: Jul 21 at 7:59AM
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 Reef To Ranch Real Estate, Inc
Investment Insights
Based on property information with market context.
This two-unit warehouse and shop building offers a total of 4,500 SF of concrete block space, with each side configured as a separate unit. Each unit includes its own set of (4) 10x12 bay doors and separate office space, supporting flexible use and individual tenant operations.
The property also includes secure outdoor storage land that is fenced and gated, and described as filled and lighted for added security. Access is provided off US Highway 1.
Current tenants are noted as being on month-to-month leases, with initial discussions described as potentially yielding approximately $7,500 per month net and the opportunity to transition to 5-year leases.
The property also includes secure outdoor storage land that is fenced and gated, and described as filled and lighted for added security. Access is provided off US Highway 1.
Current tenants are noted as being on month-to-month leases, with initial discussions described as potentially yielding approximately $7,500 per month net and the opportunity to transition to 5-year leases.
Key Highlights
- Two‑unit concrete block warehouse/shop building totaling 4,500 SF (4) 10x12 bay doors per side plus separate office space
- Secure outdoor storage on a fenced and gated, filled and lighted area for added security
- Access is conveniently off US Highway 1
Local 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 | $97.2k | $21.60 |
| − Vacancy | −$21.4k | −$4.75 |
| EGI | $75.8k | $16.85 |
| − OpEx | −$19.0k | −$4.21 |
| NOI | $56.9k | $12.64 |
4,500 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$812.3K
$710.8K – $947.7K
NOI $56,862 @ 7.0% cap · market cap 4.55%
Second Best
Flex RnD
$623.4K
$545.5K – $727.3K
NOI $43,636 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,218 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mattrnss Warehouse Liquidators
Furniture & Home Goods
Auto Pro Tech
Auto Repair Shop
BMax Custom Tuning ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Toque Boutique Catering — 7177 S U.S. Hwy 1, Port St. Lucie, FL 34952
FAQs
What type of property is this?
Flex space - Two separate warehouse/shop units with bay doors, offices, and fenced, gated outdoor storage on secured land.
Where is this flex space located?
The property is located at 6900 Heritage Drive Port St Lucie, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑unit concrete block warehouse/shop building totaling 4,500 SF (4) 10x12 bay doors per side plus separate office space; Secure outdoor storage on a fenced and gated, filled and lighted area for added security; Access is conveniently off US Highway 1
