Renovated Office Condo For
For Sale
$160,000
725 SE Port St Lucie Boulevard 204, Port St Lucie, FL 34984
Updated office condo with efficient layout and convenient location.
Property Size700 SF
Price / SF$228.57
Days on Market164
Property Features for 725 SE Port St Lucie Boulevard 204
General Information
Standard status
Active
Size
700 SF
Building Details
Year Built
1985
Listing Agency:
Premier Brokers International
Listed By:
Julisa Aguilar · License #3120864
(772) 672-0233
Source:
Mymiahomes
Added: Mar 25
Changed: Aug 23
Last Checked: Sep 1 at 9:27PM
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 Premier Brokers International
Investment Insights
Based on property information with market context.
This renovated office condo is located on the second floor and features an efficient layout. The space includes a lobby area, a receptionist area, two private offices, a copier area, a break-room area, and a half bathroom. The property has been updated with modern doors, vinyl floors, baseboards, carpet, a modern toilet, vanity, and light fixtures, and has been freshly painted. The office benefits from plenty of natural light and available parking spaces. Situated in the Floresta area on Port St. Lucie Blvd, the location provides convenient access to the Turnpike, I95 Expressway, St. Lucie West, Tradition, Torino, US 1, the mall, hospitals, stores, and restaurants. This property presents an opportunity for business use.
Key Highlights
- Renovated office space with modern updates including doors, flooring, fixtures, and paint.
- Efficient layout featuring a lobby, receptionist area, two private offices, copier area, break‑room.
- Convenient location near Turnpike and I95, providing easy access to St. Lucie West, Tradition, Torino, US 1, Mall, Hospitals, Stores, and Restaurants.
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
$8,845
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
5.53%
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%
$176,900
$176.9K
Cap Rate 7%
$126,357
$126.4K
Cap Rate 9%
$98,278
$98.3K
Market Conditions
NOI Build-Up for 700 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
$15.1K $21.60/SF
− Vacancy
−$3.3K −$4.75/SF
EGI
$11.8K $16.85/SF
− OpEx
−$2.9K −$4.21/SF
NOI
$8.8K $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 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%
$176,900
Cap Rate 7%
$126,357
Cap Rate 9%
$98,278
Alternative Uses
Best Use
Office B
$126.4K
$110.6K – $147.4K
NOI $8,845 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.0K
$154.0K – $205.4K
NOI $12,323 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 34984, FL
16,721
Population
7,254
Households
2.3
Avg Household Size
44
Median Age
24%
College-Educated
85%
High-School Grad
9.8 sq mi
ZIP Area
1,706
Density / Sq Mi
$79,766
Median Household Income
$44,685
Median Earnings
$1,888
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated office condo with efficient layout and convenient location.
Where is this office units located?
The property is located at 725 SE Port St Lucie Boulevard 204 Port St Lucie, FL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Renovated office space with modern updates including doors, flooring, fixtures, and paint.; Efficient layout featuring a lobby, receptionist area, two private offices, copier area, break‑room.; Convenient location near Turnpike and I95, providing easy access to St. Lucie West, Tradition, Torino, US 1, Mall, Hospitals, Stores, and Restaurants.
