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    1293 Del Rio Blvd Port St. Lucie, FL 34953

    For Sale
    $8,000,000

    Prime retail plaza, gas station, high cap rate.

    Property size:
    9,838 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a vacant, 9,838 square foot retail plaza and gas station business located at 1293 SW Del Rio Blvd, Port St. Lucie, FL 34953. The property boasts a compelling 7.50% cap rate and is offered at $8,000,000. Comprised of five units within a single, one-story building constructed in 2007, this shopping center sits on a 1.72-acre lot zoned for Neighborhood Commercial use. The property features five gas pumps and benefits from excellent visibility and frontage on two sides, enhanced by a monument sign and a recently updated exterior. Its strategic location in a densely populated residential area provides convenient access to Crosstown Parkway and the I-95 access ramp, ensuring high traffic flow and potential for strong tenant occupancy. The property's APN is 3420-535-0001-000-9. This is a gross lease property with a price per square foot of $813.17. The property is currently vacant, presenting a unique chance to customize tenant mix and maximize rental income. Don't miss this chance to acquire a high-performing retail asset in a thriving Florida market.

    Property Features for 1293 Del Rio Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,838 SF
    Lot Size
    74,923 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • Vacant 9,838 SF retail plaza and gas station in Port St. Lucie, FL.
    • Offered at $8,000,000 with a 7.50% cap rate.
    • Five‑unit, one‑story building on a 1.72‑acre lot, built in 2007.
    • Features five gas pumps, excellent visibility, and a recently updated exterior.
    • Strategically located near Crosstown Parkway and I‑95, in a densely populated area.
    • APN: 3420‑535‑0001‑000‑9; Zoned Neighborhood Commercial; $813.17/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Port St. Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.383720373179
    Latitude
    27.289047167134

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    FAQs

    What type of property is this?
    Lifestyle center - Prime retail plaza, gas station, high cap rate.
    Where is this lifestyle center located?
    The property is located at 1293 Del Rio Blvd Port St. Lucie, FL.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Vacant 9,838 SF retail plaza and gas station in Port St. Lucie, FL.; Offered at $8,000,000 with a 7.50% cap rate.; Five-unit, one-story building on a 1.72-acre lot, built in 2007.
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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
    1293 Del Rio Blvd Port St. Lucie, FL 34953
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