Smoke Shop Retail
For Sale
$224,000
914 SW Gatlin Boulevard, Port St Lucie, FL 34953
COMMERCIAL - Port St. Lucie, FL
Property Size1,050 SF
Price / SF$213.33
Days on Market332
Property Features for 914 SW Gatlin Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security System
Subdivision
7720
Standard status
Active
Size
1,050 SF
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2004
Building materials
Block, Concrete
Listing Agency:
Divito Real Estate Group
(833) 334-8486
Listed By:
Lisa Wilburn · License #3566906
(606) 369-6530
Added: Sep 15, 2025
Changed: Aug 4
Last Checked: Aug 12 at 11:06AM
MLS# R11124017
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 smoke shop retail storefront is offered for sale with the full inventory included. The current operation is under its present LLC for the past three years, and the business has been operating as a smoke shop for 10+ years prior to that. The listing also notes that the lease term ends April 30, 2028.
The property is located at 914 SW Gatlin Boulevard in Port St. Lucie, Florida 34953, in St. Lucie County. The premises are presented as an operating retail location suitable for a buyer seeking to take over an established smoke shop business.
The retail space is approximately 1,050 square feet and is being sold as a storefront business offering, with inventory included as part of the sale and a lease schedule through the stated expiration date.
The property is located at 914 SW Gatlin Boulevard in Port St. Lucie, Florida 34953, in St. Lucie County. The premises are presented as an operating retail location suitable for a buyer seeking to take over an established smoke shop business.
The retail space is approximately 1,050 square feet and is being sold as a storefront business offering, with inventory included as part of the sale and a lease schedule through the stated expiration date.
Key Highlights
- Established smoke shop with 13+ years of successful operation.
- Full inventory included in the sale.
- Lease term extends to April 30, 2028.
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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
446k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Dining 26%
Shops & Services 26%
Groceries 4%
Walmart
Superstores
112,820 visits/mo
0.3 miles
Sam's Club
Superstores
85,136 visits/mo
0.5 miles
RaceTrac
Shops & Services
48,488 visits/mo
0.2 miles
Sam's Club Gas Station
Shops & Services
31,477 visits/mo
0.4 miles
McDonald's
Dining
30,786 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Smoke shop retail storefront offered with full inventory included and a lease scheduled to end April 30, 2028.
Where is this storefront property 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: Established smoke shop with 13+ years of successful operation.; Full inventory included in the sale.; Lease term extends to April 30, 2028.
