1556 South Niemeyer Cir Port St. Lucie, FL 34952
- Warehouses
- 2,006 SF
Current Use by Public Records
- Warehouses
Property Details for 1556 South Niemeyer Cir
- Year built
- 1995
- Property size
- 2,006 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This 2,006-square-foot industrial warehouse condo in Port St. Lucie, Florida, presents a compelling investment opportunity. Located at 1556 SE South Niemeyer Cir, 34952, this single-unit Class C property boasts a 20-foot ceiling height and is zoned WI, offering versatile usage options ideal for industrial and flex space needs. Built in 1995, the property features a 14-foot bay door and convenient access to 3-phase power. The asking price is $380,000, translating to $189.43 per square foot. With a pro-forma NOI of $30,090 and a 7.92% pro-forma cap rate, this property offers strong potential returns for owner-users. Its prime location east of US1 near Crosstown Parkway positions it to benefit from the area's growing demand for industrial space. The property's APN is 3435-501-0001-000-0. This is a modified leasehold tenancy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port St. Lucie
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3043
- Latitude
- 27.3041
