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    1940 Fountainview Blvd Port St. Lucie, FL 34986

    For Sale
    $5,250,000

    Fully Leased, High-Cap Rate Office Building

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a brand-new, 10,000-square-foot office building currently under construction in the thriving St. Lucie West area of Port St. Lucie, Florida. The property boasts a prime location with excellent visibility and accessibility, featuring I-95 frontage and stunning lake views. Benefitting from an average daily traffic count of 80,000 vehicles, this location ensures high exposure for tenants. The building is situated within a Planned Unit Development (PUD) zoning. Currently 100% occupied by three high-quality tenants: Morgan and Morgan law firm, Liberty Title Co., and Baron Real Estate, this multi-tenant property operates under a triple-net (NNN) lease structure. The asking price is $5,250,000, representing a compelling $525 per square foot and a 6.00% capitalization rate based on a Net Operating Income (NOI) of $315,000. The single-story building comprises three units, offering a stable and lucrative investment with significant potential for long-term growth. Convenient access to I-95 and the St. Lucie West interchange further enhances its appeal. This is a rare opportunity to acquire a fully leased, high-performing asset in a rapidly developing market. The address is 1940 SW Fountainview Blvd, Port St. Lucie, FL 34986.

    Property Features for 1940 Fountainview Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,000 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Exceptional investment opportunity: 10,000 SF office building under construction in St. Lucie West, FL, projected completion mid‑2023.
    • Fully occupied by Morgan & Morgan, Liberty Title, and Baron Real Estate.
    • High visibility I‑95 frontage with lake views, averaging 80,000 daily vehicles.
    • Convenient I‑95 and St. Lucie West interchange access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Port St. Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.411090448028
    Latitude
    27.307408316809

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased, High-Cap Rate Office Building
    Where is this office property / space located?
    The property is located at 1940 Fountainview Blvd Port St. Lucie, FL.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 10,000 SF office building under construction in St. Lucie West, FL, projected completion mid-2023.; Fully occupied by Morgan & Morgan, Liberty Title, and Baron Real Estate.; High visibility I-95 frontage with lake views, averaging 80,000 daily vehicles.
    (772) 286-5744
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    1940 Fountainview Blvd Port St. Lucie, FL 34986
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1940 Fountainview Blvd Port St. Lucie, FL 34986
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