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    The Largest CRE Database in the US with Over 1 Million Listings

    590 Peacock Blvd Port St. Lucie, FL 34986

    Sponsored
    For Lease
    $17 SF/Yr

    Creative Office Suites, Port St. Lucie, FL

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    This exceptional creative office space, located within the Stadium Business Center at 590 NW Peacock Blvd, Port St. Lucie, FL 34986, offers a single available unit of 3,000 square feet. The property is classified as a Class B office building with multiple tenancy options. Ideally situated in St. Lucie West, this location boasts unparalleled convenience and visibility. The building enjoys a prime position directly across from the New York Mets' Clover Park stadium, ensuring high traffic and excellent brand exposure. Furthermore, the property benefits from exceptional accessibility to a wide array of amenities, including FedEx, UPS, and USPS facilities, diverse dining options, educational institutions, shopping centers, hotels, and the prestigious PGA golf courses. Monument signage on Peacock Boulevard provides significant advertising opportunities for tenants. The minimum leasable space is 3,000 square feet, making it suitable for businesses requiring substantial office area. This is a rare opportunity to secure a well-located, high-visibility office space in a thriving area of Port St. Lucie.

    Property Features for 590 Peacock Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF
    Class
    B

    Spaces For Lease

    at 590 Peacock Blvd, Port St. Lucie, FL 34986 Contact us
    Unit Available Space 1

    $17 /Mo

    Size
    3,000 SF
    Contact us

    We can help!

    Listing Contact
    Kevin Postal

    Learn more

    Property Insight Report

    HighLights

    • 2,850 SF Office Suite with Private Entrance
    • Spacious Reception/Showroom Area
    • Private Office Suite
    • Large Open Plan Office with 16' High Ceilings
    • Ample Storage Space
    Property Profile Location Intelligence

    Current Use by Public Records

    Attorneys' Title Fund ... Title Company Gentiva Home Healthcare Physician Kingdom Kids Pre-School High School Grace Christian Academy Religious School ClearPath Health LLC ... Crisis Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -80.408129336666
    Latitude
    27.326569835961

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    FAQs

    What type of property is this?
    Office space - Creative Office Suites, Port St. Lucie, FL
    Where is this office space located?
    The property is located at 590 Peacock Blvd Port St. Lucie, FL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 2,850 SF Office Suite with Private Entrance; Spacious Reception/Showroom Area; Private Office Suite
    Request Owner's contact information
    590 Peacock Blvd Port St. Lucie, FL 34986
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    590 Peacock Blvd Port St. Lucie, FL 34986
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    Listing Contact
    Kevin Postal
    Real Estate License ID: BK469854
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