Warehouse Condo with Roll-Up
For Sale
$139,000
A9-1463 Se Village Green Dr, Port St Lucie, FL 34952
Vacant commercial unit with an open layout, private restroom, utility sink, and separate pedestrian entry.
Property Size484 SF
Price / SF$287.19
Days on Market20
Property Features for A9-1463 Se Village Green Dr
General Information
Standard status
Active
Size
484 SF
Warehouse & Industrial
Clear Height
17 ft
Warehouse Space
484 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,104
Listing Agency:
Florida Realty of Miami Corp
(772) 240-4245
Listed By:
Mario Maruri · License #B26056198
(772) 240-4245
Source:
Exprealty
Added: Jul 24
Changed: Aug 9
Last Checked: Aug 11 at 12:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This 484 SF warehouse condo provides an open interior with approximately 17-foot clear ceilings, supporting vertical storage and flexible commercial operations. The unit includes an overhead roll-up door, a separate pedestrian entrance, a private restroom, and a utility sink. It is currently vacant and ready for occupancy.
The property is located at A9-1463 SE Village Green Dr in Port St. Lucie, within the Village Green Commercial Center. Access to US-1, Florida's Turnpike, and I-95 places the unit within reach of the Treasure Coast and South Florida. The compact warehouse format suits contractors, trades, e-commerce, storage, light manufacturing, distribution, and other owner-user applications supported by the existing configuration.
The property is located at A9-1463 SE Village Green Dr in Port St. Lucie, within the Village Green Commercial Center. Access to US-1, Florida's Turnpike, and I-95 places the unit within reach of the Treasure Coast and South Florida. The compact warehouse format suits contractors, trades, e-commerce, storage, light manufacturing, distribution, and other owner-user applications supported by the existing configuration.
Key Highlights
- 484 SF warehouse condo with approximately 17‑foot clear ceilings
- Overhead roll‑up door plus separate pedestrian entrance
- Private restroom and utility sink
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
$4,693
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
3.38%
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%
$93,860
$93.9K
Cap Rate 7%
$67,043
$67.0K
Cap Rate 9%
$52,144
$52.1K
Market Conditions
NOI Build-Up for 484 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
$8.1K $16.80/SF
− Vacancy
−$911 −$1.88/SF
EGI
$7.2K $14.92/SF
− OpEx
−$2.5K −$5.22/SF
NOI
$4.7K $9.70/SF
Area
St. Lucie County, FL
Vacancy
11.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$93,860
Cap Rate 7%
$67,043
Cap Rate 9%
$52,144
Alternative Uses
Best Use
Flex RnD
$67.0K
$58.7K – $78.2K
NOI $4,693 @ 7.0% cap · market cap 3.38%
Second Best
Warehouse
$59.2K
$51.8K – $69.1K
NOI $4,143 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$121.7K
$106.5K – $142.0K
NOI $8,520 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34952, FL
42,630
Population
21,844
Households
2
Avg Household Size
53
Median Age
24%
College-Educated
91%
High-School Grad
24.6 sq mi
ZIP Area
1,733
Density / Sq Mi
$60,123
Median Household Income
$37,184
Median Earnings
$1,635
Median Rent
$242,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant commercial unit with an open layout, private restroom, utility sink, and separate pedestrian entry.
Where is this warehouse located?
The property is located at A9-1463 Se Village Green Dr Port St Lucie, FL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 484 SF warehouse condo with approximately 17‑foot clear ceilings; Overhead roll‑up door plus separate pedestrian entrance; Private restroom and utility sink
