Renovated Office
For Sale
$160,000
725 SE Port St Lucie Boulevard, Port St Lucie, FL
Commercial Sale, Port St. Lucie, FL
Property Size700 SF
Price / SF$228.57
Days on Market173
Property Features for 725 SE Port St Lucie Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
OFFICE CONDO
Parking
30
Directions
From US1, take PSL Blvd West, pass Westmoreland, pass the River Bridge, go to the last building on the right, before Floresta Blvd Traffic light.
Subdivision
7170
Standard status
Active
APN
441060100100009
Size
700 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TROPICAL SUITE UNIT 204 (OR 994-2798)
Tax Annual Amount
2168
HOA Fee
$841 Quarterly
Legal Description
TROPICAL SUITE UNIT 204 (OR 994-2798)
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Number of units
12
Flooring type
Vinyl, Carpet
Building materials
Block, CBS, Concrete, Stucco
Listing Agency:
Premier Brokers International
(561) 855-6179
Listed By:
Julisa Aguilar · License #3120864
(772) 672-0233
Added: Mar 22
Changed: Sep 9
Last Checked: Sep 10 at 5:06AM
MLS# B26005394
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 700-square-foot office condo occupies the second floor of a 1985 building and has been renovated with vinyl and carpet flooring, updated doors, baseboards, lighting, bathroom fixtures, and fresh paint. The layout includes a lobby, reception area, two private offices, copier space, break area, and a half bathroom. Block, concrete, and stucco construction support the building, with electric heating, central air, and electric cooling.
The property is located along SE Port St. Lucie Boulevard near Floresta, providing access toward the Turnpike and I-95. St. Lucie West, Tradition, Torino, US 1, hospitals, retail, restaurants, and the mall are identified within the surrounding area. Parking spaces are available, and the property has public water and public sewer service.
The property is located along SE Port St. Lucie Boulevard near Floresta, providing access toward the Turnpike and I-95. St. Lucie West, Tradition, Torino, US 1, hospitals, retail, restaurants, and the mall are identified within the surrounding area. Parking spaces are available, and the property has public water and public sewer service.
Key Highlights
- 700‑square‑foot second‑floor office condo
- Renovated with vinyl and carpet flooring, updated fixtures, lighting, doors, and fresh paint
- Efficient layout with lobby, reception area, two private offices, copier area, break area, and half bathroom
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite with a reception area, two private offices, break area, and natural light.
Where is this office units located?
The property is located at 725 SE Port St Lucie Boulevard 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: 700‑square‑foot second‑floor office condo; Renovated with vinyl and carpet flooring, updated fixtures, lighting, doors, and fresh paint; Efficient layout with lobby, reception area, two private offices, copier area, break area, and half bathroom
