Mixed-Use Commercial Building For
For Sale
Contact for pricing
751 NW Airoso Blvd, Port St Lucie, FL 34983
3,810 SF mixed-use building with established tenants and high visibility.
Property Size3,810 SF
Price / SF$259.84
Days on Market149
Property Features for 751 NW Airoso Blvd
General Information
Standard status
Active
Size
3,810 SF
Property subtype
Retail
Zoning
CN
Occupancy
100%
Building Details
Year Built
1985
Listing Agency:
Crady Mackin Belland Commercial Real Estate
Listed By:
Stephen Peregoy · License #FL SL3542113
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 9 at 3:23PM
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 Crady Mackin Belland Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3,810 SF mixed-use commercial building is positioned on a high-visibility corner along a busy roadway. It is fully leased to two established tenants, including a restaurant and a neighborhood corner store, providing stable and reliable rental income. The property benefits from strong exposure, consistent traffic counts, and a strategic location that supports long-term tenant success. With a 7.5% cap rate, this asset offers investors an attractive return and immediate cash flow. The active surrounding commercial area makes this property a compelling addition to any investment portfolio.
Key Highlights
- High‑visibility corner location on a busy roadway.
- Fully leased to two established tenants (restaurant and corner store).
- Attractive 7.5% capitalization rate.
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
$56,908
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
5.75%
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%
$1,138,160
$1.1M
Cap Rate 7%
$812,971
$813.0K
Cap Rate 9%
$632,311
$632.3K
Market Conditions
NOI Build-Up for 3,810 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
$82.3K $21.60/SF
− Vacancy
−$6.4K −$1.68/SF
EGI
$75.9K $19.92/SF
− OpEx
−$19.0K −$4.98/SF
NOI
$56.9K $14.94/SF
Area
St. Lucie County, FL
Vacancy
7.80%
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%
$1,138,160
Cap Rate 7%
$812,971
Cap Rate 9%
$632,311
Alternative Uses
Best Use
Specialty Retail
$813.0K
$711.4K – $948.5K
NOI $56,908 @ 7.0% cap · market cap 5.75%
Second Best
Mixed Use
$734.8K
$642.9K – $857.3K
NOI $51,435 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$958.2K
$838.4K – $1.12M
NOI $67,071 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Sunoco
Shops & Services
8,026 visits/mo
0.3 miles
Dunkin' Donuts
Dining
5,935 visits/mo
0.3 miles
Shell
Shops & Services
4,766 visits/mo
0.1 miles
Circle K
Shops & Services
2,859 visits/mo
0.1 miles
Devon Self Storage
Shops & Services
2,149 visits/mo
0.2 miles
Demographics for 34983, FL
43,654
Population
17,799
Households
2.5
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
14.9 sq mi
ZIP Area
2,930
Density / Sq Mi
$72,787
Median Household Income
$40,538
Median Earnings
$1,739
Median Rent
$293,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3,810 SF mixed-use building with established tenants and high visibility.
Where is this mixed-use property located?
The property is located at 751 NW Airoso Blvd Port St Lucie, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: High‑visibility corner location on a busy roadway.; Fully leased to two established tenants (restaurant and corner store).; Attractive 7.5% capitalization rate.
