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    6490 Us Highway 1 Port St. Lucie, FL 34952

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    6490 Us Highway 1 Port St. Lucie, FL 34952

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    • Hospitality properties
    • 5,826 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 6490 Us Highway 1

    Property size
    5,826 SF
    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    This exceptional 13-unit motel in Port St. Lucie, Florida, presents a lucrative investment opportunity. Boasting 5,826 square feet, the property enjoys a prime location near beaches, golf courses, shopping, and restaurants, ensuring high occupancy rates. The Rainbow Motel offers a mix of unit types, including a two-bedroom apartment and twelve efficiencies, all equipped with amenities such as refrigerators, microwaves, and guest laundry facilities. ADA-accessible rooms are also available. Significant renovations were completed in 2023, encompassing flooring, kitchens, paint, and bathrooms in most units. The motel's strong financial performance is documented, with a 2023 Net Operating Income (NOI) of $225,000, representing a nearly 13.24% cap rate. Pro-forma projections indicate an even higher NOI of $275,000 and a 16.18% cap rate, showcasing substantial growth potential. The property is zoned for commercial general use and is offered at an asking price of $1,700,000. This turnkey operation provides easy management and exceptional returns, making it an ideal addition to any investment portfolio. The property is located at 6490 S US Hwy 1, Port St. Lucie, FL 34952.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port St. Lucie
    County
    St Lucie
    State
    Florida
    Longitude
    -80.3253
    Latitude
    27.3469

    Comparable in this City

    • Value Estimation
      $3,820,000
      77,905 SF

      10120 Us Hwy 1st 1

      HOTEL/MOTEL • 77,905 SF
      10120 Us Hwy 1st 1, Port Saint Lucie, FL 34952-5644
      View Details
    • Value Estimation by Request
      50,481 SF

      3500 Morningside Blvd

      HOTEL/MOTEL • 50,481 SF
      3500 Morningside Blvd, Port Saint Lucie, FL 34952-6116
      View Details
    • Value Estimation
      $1,265,000
      1,920 SF

      6490 Us Hwy 1st 1

      HOTEL/MOTEL • 1,920 SF
      6490 Us Hwy 1st 1, Fort Pierce, FL 34952-9030
      View Details
    • Value Estimation by Request
      9.62 Acres

      Tilton Rd

      Land • 9.62 Acres
      0 Tilton Rd, Port St. Lucie, FL 34952
      View Details
    • Value Estimation by Request
      30,000 SF

      8900 Hwy

      Lifestyle centers • 30,000 SF
      8900 Hwy, Port St. Lucie, FL 34952
      View Details
    • Value Estimation by Request

      Freestanding Building With Lot

      Retail | Port St Lucie, Florida
      10425 S U.S. Highway 1, Port St Lucie, Florida 34952, Port St Lucie, FL 34952
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,826 SF

      Rainbow Motel: Turnkey Investment Opportunity

      Profitable motel with recent upgrades near beaches and amenities.
      6490 S Us Highway 1, Port St Lucie, FL 34952
      View Details
    • $299,000
      0.36 Acres

      Land in Waterfront Community

      Land in Rivella, a private waterfront community with amenities.
      146 SE Fiore Bello, Port St Lucie, FL 34952
      View Details
    • Contact for pricing
      11,500 SF

      Freestanding Service Building in Port St. Lucie

      Freestanding service building occupied by two auto-related tenants.
      1601 SE Village Green Dr, Port St Lucie, FL 34952
      View Details
    • $750,000
      620 SF

      Freestanding Building in Town Centre

      Renovated building with ample lot space in regional shopping center.
      10425 South Us Highway 1 U.S, Port St Lucie, FL 34952
      View Details
    • $2,200,000
      4,000 SF

      Established Arcade Business For Sale

      Profitable arcade business in a high-traffic location.
      7121-7145 S Us Highway 1, Port St Lucie, FL 34952
      View Details
    • Contact for pricing

      Murphy USA Investment Opportunity

      Single-tenant Murphy USA retail property in Port St. Lucie, Florida.
      10575 S Us Highway 1, Port Saint Lucie, FL 34952
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Port St. Lucie Warehouse Space

      10,000 SF warehouse space with 3-Phase Power.
      10011 S Us Highway 1 U.S, Port St Lucie, FL 34952
      View Details
    • $12 SF/Yr

      Retail/Office Space on US Highway

      Retail, office, or medical spaces with high visibility.
      10600-10642 South Federal Hwy, Port St Lucie, FL 34952
      View Details
    • $29 SF/Yr

      Professional Office Suite Available

      Class A office suite with private offices and open space.
      2100 SE Hillmoor Dr, Port St Lucie, FL 34952
      View Details
    • Contact for pricing

      New Class A Office Building

      Newly constructed Class A commercial building available for rent.
      7041 S Us Highway 1, Port St Lucie, FL 34952
      View Details
    • $23 SF/Yr

      Port St. Lucie Retail Center

      Retail strip center with high-traffic exposure on US-1 Highway.
      7630 S Us Highway 1, Port St Lucie, FL 34952
      View Details
    • Contact for pricing
      2,529 SF

      Port Saint Lucie Office Space

      Office space available for lease in Port Saint Lucie, FL.
      900 E Prima Vista Blvd, Port Saint Lucie, FL 34952
      View Details
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    Port St. Lucie, FL 34952
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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
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