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    Property profile & analytics

    5501 Midway Rd Port St. Lucie, FL 34983

    • Land
    • 4.90 lot acres
    For Sale
    View listing
    $3,900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5501 Midway Rd

    Lot size
    4.90 lot acres
    Property type
    Land

    Description

    This exceptional 4.9-acre vacant commercial land parcel, located at 5501 W Midway Road in Port St. Lucie, Florida (zip code 34983), presents a unique investment opportunity. Zoned for commercial use, this property boasts a highly desirable location on Midway Road, a rapidly developing corridor connecting I-95 and US 1. The site is strategically positioned with road access on four sides, ensuring excellent visibility and accessibility. Its proximity to major developments significantly enhances its value. These include a recently constructed 1 million-square-foot Amazon distribution center just 1.3 miles west, and the planned construction of a large-scale Wavegarden Surf Park (including residential, hotel, and retail components) at the intersection of Midway Road and I-95. Further bolstering the property's potential is the planned extension of Jenkins Road, connecting Port St. Lucie to St. Lucie International Airport, and the development of a new 1,970-acre, 4,000-home community (Wylder) nearby. A new "build-to-rent" community is also under construction less than 1.5 miles away. Midway Road in this area experiences a high average daily traffic count of 24,000 vehicles. A new Turnpike interchange is also in the planning stages immediately west of the property. The intersection of Midway Road and Milner Drive (Jenkins Road on the north side) is projected to become a major intersection. The asking price for this exceptional property is $3,900,000. Potential buyers should review the attached documents for additional details and supporting data.

    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
    -80.3789
    Latitude
    27.3742

    Comparable in this City

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      892 Lakehurst Dr

      CONDOMINIUMS (INDUSTRIAL) • 725 SF
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      682 Carter Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,328 SF
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    • Value Estimation
      $2,120,000
      14,733 SF

      692 Prima Vis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 14,733 SF
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    • Value Estimation by Request
      1,260 SF

      475 Prima Vis Blvd, Unit 209

      CONDOMINIUM OFFICES • 1,260 SF
      475 Prima Vis Blvd, Port Saint Lucie, FL 34983-8731
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    • Value Estimation by Request
      0.31 Acres

      Port

      WASTE DISPOSAL, SEWAGE • 0.31 Acres
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      View Details

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    5501 Midway Rd
    Port St. Lucie, FL 34983
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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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