Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8621 Hwy Port St. Lucie, FL 34952
    Back to Search
    Property profile & analytics

    8621 Hwy Port St. Lucie, FL 34952

    View on Map
    • Commercial real estate
    • 1,525 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8621 Hwy

    Year built
    2018
    Property size
    1,525 SF
    Property type
    Commercial real estate

    Description

    This exceptional business opportunity presents a fully equipped, 1,525-square-foot restaurant located at 8621 S U.S. Hwy 1, Port St. Lucie, FL 34952, within a General Commercial (Gen Comm) zoned area. The property, built in 2018, is a single-story building in a Class B property. The current lease, a single-unit tenancy, commenced July 1, 2018, and expires June 30, 2026, leaving approximately two years remaining. The asking price is $199,900. All existing kitchen equipment, chairs, and tables are included in the sale, making this a true turnkey operation. The restaurant has consistently enjoyed high demand, with full bookings on weekends and strong weekday business. While the current owner will be relocating and taking the name, signage, and menu, the established customer base and favorable lease terms present a significant advantage for a new operator. The lease rate is notably lower than comparable spaces in the area. This is a rare opportunity to acquire a profitable, established restaurant with minimal upfront investment. The property is situated in St. Lucie County.

    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
    -80.3124
    Latitude
    27.3109

    Comparable in this City

    • Value Estimation
      $870,000
      4,800 SF

      10100 Us Hwy 1st 1

      STORE/OFFICE (MIXED USE) • 4,800 SF
      10100 Us Hwy 1st 1, Port St Lucie, FL 34952-5644
      View Details
    • Value Estimation
      $750,000
      16,134 SF

      2240 Veterans Memorial Pkwy

      STORE/OFFICE (MIXED USE) • 16,134 SF
      2240 Veterans Memorial Pkwy, Port Saint Lucie, FL 34952-4873
      View Details
    • Value Estimation
      $1,250,000
      25,169 SF

      6951 Hancock Dr

      STORE/OFFICE (MIXED USE) • 25,169 SF
      6951 Hancock Dr, Fort Pierce, FL 34952-8207
      View Details
    • Value Estimation by Request
      5,000 SF

      Perkins Restaurant For Sale! Just $70 000

      Restaurants • 5,000 SF
      0 Perkins Restaurant For Sale! Just $70 000, Port St. Lucie, FL 34952
      View Details
    • Value Estimation by Request

      1748 Port St Lucie Blvd

      Retail properties & Spaces
      1748 Port St Lucie Blvd, Port St. Lucie, FL 34952
      View Details
    • Value Estimation by Request
      5.34 Acres

      2160 Hillmoor Dr

      Restaurants • 157,914 SF
      2160 Hillmoor Dr, Port St. Lucie, FL 34952
      View Details

    Similar Nearby for Sale

    • 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
    • $310,000
      0.91 Acres

      Corner Land in Port St. Lucie

      Corner lot, convenient location, ideal for building a dream home.
      2029 SW Brevity Ter, Port St Lucie, FL 34952
      View Details
    • $55,000
      0.06 Acres

      Port St. Lucie Residential Corner Lot

      Cleared, level residential corner lot in Port St. Lucie, Florida.
      2301 SE Tavares Dr, Port St Lucie, FL 34952
      View Details
    • $225,000

      Established Retail Business For Sale

      Profitable appliance parts business with steady customer base on US1.
      8025 S Us Highway 1 U.S, Port St Lucie, FL 34952
      View Details
    • $999,888
      0.79 Acres

      US-1 Frontage Commercial Lot

      High-traffic commercial lot on US-1 in Port St. Lucie.
      10720 S Us Highway 1 U.S, 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

    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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8621 Hwy
    Port St. Lucie, FL 34952
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8621 Hwy, Port St. Lucie, FL, 34952
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!