Smoke Shop Retail
For Sale
$224,000
914 SW Gatlin Boulevard, Port St Lucie, FL 34953
For-sale smoke shop with included inventory and a lease term ending April 30, 2028.
Property Size1,050 SF
Price / SF$213.33
Days on Market244
Property Features for 914 SW Gatlin Boulevard
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Amenities
Central air
Central Air Cooling
Central Heating
Common
Building Details
Year Built
2004
Listing Agency:
DIVITO REAL ESTATE GROUP
Listed By:
LISA WILBURN · License #R11124017
(561) 644-1562
Source:
Corcoran
Added: Jan 9
Changed: Sep 8
Last Checked: Sep 9 at 2:00PM
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 DIVITO REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This offering is a smoke shop retail storefront with 1,050 square feet of space. The sale includes full inventory, creating a turnkey path for an operator looking to step into an established retail business. The business has been operating for 3 years under the current LLC, and prior to that it operated as a smoke shop for 10+ years under another ownership structure.
The property is located at 914 SW Gatlin Boulevard in Port St. Lucie, Florida. The current lease term runs through April 30, 2028, which is an important planning detail for prospective buyers evaluating timing for occupancy and operations.
This configuration may fit an investor-buyer or an end-user seeking a ready-to-operate smoke shop retail concept where inventory is conveyed with the sale. Because the offering is tied to an existing lease with a known end date, it supports straightforward transition planning for the next phase of operations. Interested parties can review the lease timing and inventory included terms as part of their purchase decision.
The property is located at 914 SW Gatlin Boulevard in Port St. Lucie, Florida. The current lease term runs through April 30, 2028, which is an important planning detail for prospective buyers evaluating timing for occupancy and operations.
This configuration may fit an investor-buyer or an end-user seeking a ready-to-operate smoke shop retail concept where inventory is conveyed with the sale. Because the offering is tied to an existing lease with a known end date, it supports straightforward transition planning for the next phase of operations. Interested parties can review the lease timing and inventory included terms as part of their purchase decision.
Key Highlights
- Smoke shop for sale with full inventory included with the sale
- Lease term ends April 30, 2028
- Business operating under the current LLC for 3 years; previously operated as a smoke shop for 10+ years
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
$12,105
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
5.40%
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%
$242,100
$242.1K
Cap Rate 7%
$172,929
$172.9K
Cap Rate 9%
$134,500
$134.5K
Market Conditions
NOI Build-Up for 1,050 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
$18.9K $18.00/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$17.3K $16.47/SF
− OpEx
−$5.2K −$4.94/SF
NOI
$12.1K $11.53/SF
Area
St. Lucie County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$242,100
Cap Rate 7%
$172,929
Cap Rate 9%
$134,500
Alternative Uses
Best Use
Retail
$172.9K
$151.3K – $201.8K
NOI $12,105 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.1K
$231.1K – $308.1K
NOI $18,484 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
198k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 30%
Dining 12%
Apparel 5%
Bravo Supermarkets
Groceries
44,631 visits/mo
0.2 miles
Walmart Neighborhood Market
Groceries
33,360 visits/mo
0.3 miles
Aldi
Groceries
21,932 visits/mo
0.1 miles
Dollar Tree
Shops & Services
15,911 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
11,282 visits/mo
0.3 miles
Demographics for 34953, FL
77,023
Population
28,131
Households
2.7
Avg Household Size
39
Median Age
23%
College-Educated
90%
High-School Grad
23.8 sq mi
ZIP Area
3,236
Density / Sq Mi
$81,028
Median Household Income
$39,348
Median Earnings
$1,902
Median Rent
$326,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - For-sale smoke shop with included inventory and a lease term ending April 30, 2028.
Where is this retail space located?
The property is located at 914 SW Gatlin Boulevard Port St Lucie, FL.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Smoke shop for sale with full inventory included with the sale; Lease term ends April 30, 2028; Business operating under the current LLC for 3 years; previously operated as a smoke shop for 10+ years
