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    6490 Us Highway 1 Port St. Lucie, FL 34952

    For Sale
    $1,700,000

    Florida Motel, High ROI, Updated 2023

    Property size:
    5,826 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 13-unit motel in Port St. Lucie, Florida, presents a lucrative investment opportunity. Boasting 5,826 square feet, the property enjoys a prime location near beaches, golf courses, shopping, and restaurants, ensuring high occupancy rates. The Rainbow Motel offers a mix of unit types, including a two-bedroom apartment and twelve efficiencies, all equipped with amenities such as refrigerators, microwaves, and guest laundry facilities. ADA-accessible rooms are also available. Significant renovations were completed in 2023, encompassing flooring, kitchens, paint, and bathrooms in most units. The motel's strong financial performance is documented, with a 2023 Net Operating Income (NOI) of $225,000, representing a nearly 13.24% cap rate. Pro-forma projections indicate an even higher NOI of $275,000 and a 16.18% cap rate, showcasing substantial growth potential. The property is zoned for commercial general use and is offered at an asking price of $1,700,000. This turnkey operation provides easy management and exceptional returns, making it an ideal addition to any investment portfolio. The property is located at 6490 S US Hwy 1, Port St. Lucie, FL 34952.

    Property Features for 6490 Us Highway 1

    General Information

    Property type
    Motels
    Square Feet
    5,826 SF

    Building Details

    Year Renovated
    2023

    HighLights

    • 13‑unit motel in Port St. Lucie, FL, offering a strong investment opportunity.
    • 5,826 square feet with a prime location near beaches, golf, shopping, and restaurants.
    • Unit mix includes one two‑bedroom apartment and twelve efficiencies, all with refrigerators, microwaves, and guest laundry; ADA‑accessible rooms available.
    • Recently renovated (2023) with updated flooring, kitchens, paint, and bathrooms in most units.
    • 2023 NOI of $225,000 (13.24% cap rate); projected NOI of $275,000 (16.18% cap rate).
    • Commercial general zoning; asking price $1,700,000. Located at 6490 S US Hwy 1, Port St. Lucie, FL 34952.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port St. Lucie
    County
    St Lucie
    State
    Florida
    Longitude
    -80.3253283
    Latitude
    27.3468925

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    FAQs

    What type of property is this?
    Motel - Florida Motel, High ROI, Updated 2023
    Where is this motel located?
    The property is located at 6490 Us Highway 1 Port St. Lucie, FL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 13-unit motel in Port St. Lucie, FL, offering a strong investment opportunity.; 5,826 square feet with a prime location near beaches, golf, shopping, and restaurants.; Unit mix includes one two-bedroom apartment and twelve efficiencies, all with refrigerators, microwaves, and guest laundry; ADA-accessible rooms available.
    Request Owner's contact information
    6490 Us Highway 1 Port St. Lucie, FL 34952
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    Port St. Lucie, FL 34952
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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
    6490 Us Highway 1 Port St. Lucie, FL 34952
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