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    1601 Vlg Grn Dr Port St. Lucie, FL 34952

    Sponsored
    For Sale
    $2,500,000

    Fully occupied, high-return investment.

    Property size:
    11,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 11,500-square-foot industrial flex building, situated on a 1.09-acre lot in Port St. Lucie, Florida, presents a compelling investment opportunity. The property, built in 1979, boasts a 100% occupancy rate with two tenants, each operating under a net-net-net (NNN) lease at $16.00 per square foot. The single-story building features multiple roll-up doors, ample parking wrapping around the front and west sides, and additional parking at the rear. Its strategic location between Fort Pierce and Jensen Beach offers convenient access to US-1 and the Crosstown Parkway extension, placing it within 10 miles of the I-95 access ramp and Florida's Turnpike. The property is zoned WI and features two units, each valued at $1,250,000, with a total asking price of $2,500,000 ($217.39 per square foot). The property's strong tenancy and prime location make it an ideal investment for those seeking a stable, high-yield asset in a growing market. The APN is 3435-600-0012-000-4. This fully occupied, multi-tenant property offers a rare opportunity to acquire a well-maintained, income-producing asset in a desirable location.

    Property Features for 1601 Vlg Grn Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    11,500 SF
    Lot Size
    47,480 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Port St. Lucie
    County
    St Lucie
    State
    Florida
    Longitude
    -80.302435238109
    Latitude
    27.305926545014

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    FAQs

    What type of property is this?
    Distribution property - Fully occupied, high-return investment.
    Where is this distribution property located?
    The property is located at 1601 Vlg Grn Dr Port St. Lucie, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
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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
    1601 Vlg Grn Dr Port St. Lucie, FL 34952
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