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    Crosstown Pkwy & SW Village Pkwy, Port St Lucie, FL 34987 Port St Lucie, FL 34987

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    Crosstown Pkwy & SW Village Pkwy, Port St Lucie, FL 34987 Port St Lucie, FL 34987

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    • Retail residential properties
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    • Retail residential properties

    Property Details for Crosstown Pkwy & SW Village Pkwy, Port St Lucie, FL 34987

    Property type
    Retail residential properties
    Property subtype
    Shopping centers

    Description

    Prime commercial leasing opportunity in Tradition, the fastest growing town on the Treasure Coast. The property has been conceptually laid out for inline space with two outparcels. The site is in an ideal location with the recent completion of the Crosstown Parkway extension which is planned to be open in Q3 of 2024 and will connect to Rangeline Road to the West. The site is located nearby Publix and residential developments from homebuilders, including DR Horton, Ryan Homes, Mattamy Homes, Kolter, Taylor Morrison, GHO Homes, and more. The property is situated at the signalized intersection of Crosstown Parkway and Verano Parkway. This site enjoys the benefits of its location on a main east/west thoroughfare with an interchange with I-95, just 1 mile east. Moreover, there is a limited amount of commercial (existing and proposed) in the vicinity of this property, providing insulation from competitors on this crucial entrance to Tradition and Verano.

    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
    State
    Florida
    Longitude
    -80.3256
    Latitude
    27.4467

    Comparable in this City

    • Value Estimation
      $4,225,000
      28,959 SF

      10800 Tradition Pkwy

      MINI-MALL • 28,959 SF
      10800 Tradition Pkwy, Port Saint Lucie, FL 34987
      View Details
    • Value Estimation by Request
      5,204 SF

      11550 Vlg Pkwy

      MINI-MALL • 5,204 SF
      11550 Vlg Pkwy, Port Saint Lucie, FL 34987-2392
      View Details
    • Value Estimation
      $4,750,000
      9,458 SF

      10860 Tradition Pkwy

      MINI-MALL • 9,458 SF
      10860 Tradition Pkwy, Port Saint Lucie, FL 34987-2891
      View Details
    • Value Estimation
      $2,795,000
      5,576 SF

      11167 Vlg Pkwy

      MINI-MALL • 5,576 SF
      11167 Vlg Pkwy, Port Saint Lucie, FL 34987
      View Details
    • Value Estimation
      $1,195,000
      8,778 SF

      11450 Vlg Pkwy

      MINI-MALL • 8,778 SF
      11450 Vlg Pkwy, Port Saint Lucie, FL 34987-2386
      View Details
    • Value Estimation
      $1,830,000
      10,478 SF

      11200 Vlg Pkwy

      MINI-MALL • 10,478 SF
      11200 Vlg Pkwy, Port Saint Lucie, FL 34987-2385
      View Details

    Similar Nearby for Sale

    • $8,850,000
      14,175 SF

      New Retail Center in Tradition

      New construction retail center in booming Tradition, 100% occupancy.
      10650 Crosstown Pkwy, Port Saint Lucie, FL 34987
      View Details
    • $250,000

      Established Carpet Cleaning Business Opportunity

      Profitable carpet cleaning business with strong market presence in Florida.
      Carpet Cleaning Way, Port Saint Lucie, FL 34987
      View Details
    • Contact for pricing

      Large Mixed-Use Development Opportunity

      256 acres for mixed-use development in Port St. Lucie.
      12801 Williams Rd, Port St Lucie, FL 34987
      View Details
    • Contact for pricing
      956 SF

      Turnkey Restaurant Opportunity For Sale

      Fully equipped restaurant with existing inventory and engaged customer base.
      11200 SW Village Pkwy, Port Saint Lucie, FL 34987
      View Details
    • $280,000
      0.23 Acres

      Tradition Area Land For Sale

      Cleared lot in Tradition area, ready for your dream home.
      2565 SW Salzedo Ave, Port St Lucie, FL 34987
      View Details
    • New
      $169,900
      0.26 Acres

      Oversized Cleared Lot Near Tradition

      Oversized cleared residential lot in Port St. Lucie, Florida.
      1785 SW Palermo Rd, Port St Lucie, FL 34987
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      2,122 SF

      Commercial Plaza in Growing Tradition

      Future commercial plaza in rapidly growing Tradition area.
      11650 SW Village Pkwy, Port St Lucie, FL 34987
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Tradition

      Retail space available in a master-planned community shopping center.
      10770 SW Village Pkwy, Port Saint Lucie, FL 34987
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Tradition

      Retail space available in a master-planned community shopping center.
      10844 SW Village Pkwy, Port Saint Lucie, FL 34987
      View Details
    • Contact for pricing
      1,131 SF

      Retail Space in Tradition

      Retail space available in a master-planned community shopping center.
      10740-10888 SW Village Pkwy, Port Saint Lucie, FL 34987
      View Details
    • Contact for pricing
      14,400 SF

      Retail Space in Growing Community

      Retail space near new developments in Tradition, Port St. Lucie.
      10340 SW Discovery Way, Port St Lucie, FL 34987
      View Details
    • Contact for pricing
      11,504 SF

      Retail Space on Village Parkway

      Versatile retail spaces in rapidly growing Port St. Lucie.
      10704 Southwest Village Pkwy, Port St Lucie, FL 34987
      View Details
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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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