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    10489 Meeting St Port Saint Lucie, FL 34987-1911
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    Property profile & analytics

    10489 Meeting St, Port Saint Lucie, FL 34987-1911

    View on Map
    • Office buildings
    • 3,746 SF
    • 0.57 lot acres
    Off-Market
    Property ID
    US18-6286437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 10489 Meeting St

    Year built
    2004
    Construction
    CONCRETE BLOCKS
    Lot size
    0.57 lot acres
    Zone code
    MASTER PLA
    Property type
    Office buildings
    APN
    4309-803-0010-000-8
    APU
    430980300100008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 11, 2019 $930,000 O & A Florida Investments LLC Charter Realty & Invs Co LLC Warranty Deed $730k · Branch Bk&tr
    Mar 22, 2019 $720,000 Charter Realty & Invs Co LLC Innovo Psl Office LLC Warranty Deed —
    Jul 11, 2017 $450,000 Innovo Psl Office LLC Tradition Land Co LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $840,000
      6.5%
      $775,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,069,000
      Market price range: $463k - $1.07M
      AI Estimate
      $982,000
      Market price range: $306k - $982k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $665,000
      Current use
      AUTO REPAIR, GARAGE
      $980,000
      Change: +47% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $845,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $755,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $710,000
      Change: +7% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Saint Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.4319
    Latitude
    27.2664
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,350
    $502,800
    $1,225,700
    $1,728,500
    -
    $502,800
    $1,225,700
    $1,728,500

    Comparable in this City

    • Value Estimation
      $22,740,000
      90,357 SF

      9801 Discovery Way

      OFFICE BUILDING (MULTI-STORY)
      9801 Discovery Way, Port Saint Lucie, FL 34987-2301
      View Details
    • Value Estimation
      $1,005,000
      4,000 SF

      10670 Tradition Pkwy

      PROFESSIONAL BUILDING
      10670 Tradition Pkwy, Port Saint Lucie, FL 34987-2862
      View Details
    • Value Estimation
      $8,635,000
      34,308 SF

      11380 Vlg Pkwy

      PROFESSIONAL BUILDING
      11380 Vlg Pkwy, Port Saint Lucie, FL 34987-2388
      View Details
    • Value Estimation by Request
      3,600 SF

      14201 Waterfall Ln

      OFFICE BUILDING
      14201 Waterfall Ln, Port Saint Lucie, FL 34987-7788
      View Details
    • Value Estimation
      $5,900,000
      10,114 SF

      Port

      OFFICE BUILDING
      Port, Saint Lucie, FL 34987
      View Details
    • Value Estimation
      $6,570,000
      84,976 SF

      11350 Vlg Pkwy

      OFFICE BUILDING (MULTI-STORY)
      11350 Vlg Pkwy, Port Saint Lucie, FL 34987-2352
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      245 Acres Industrial and Commercial Land

      Rail-served 245-acre property suitable for industrial and commercial uses.
      10301 Range Line Rd, Port St Lucie, FL 34987
      View Details
    • $174,900
      0.23 Acres

      Land in Tradition Area

      Land for sale in Port St. Lucie, Florida.
      2607 SW Fair Isle 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
    • Contact for pricing

      Prime Commercial Sites Available

      Four commercial sites available for sale or lease in Florida.
      Becker Rd & Sw Vlg Pkwy, Port St Lucie, FL 34987
      View Details
    • Contact for pricing

      13.5 Acre Commercial Site

      Commercial land for lease with I-95 frontage.
      10460 SW Fellowship Way, Port St Lucie, FL 34987
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tradition Medical Buildings Leasing Opportunity

      New medical buildings in Tradition, Port St. Lucie, available for lease.
      11530 SW Village Pkwy, Port St Lucie, FL 34987
      View Details
    • Contact for pricing

      Medical Office Building For Rent

      30,000 SF on-campus medical office building adjacent to hospital.
      10175 Southwest Innovation Way, Port St Lucie, FL 34987
      View Details
    • Contact for pricing
      2,100 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

      I-95 Frontage Commercial Land

      13.5-acre commercial site with 750’ I-95 frontage.
      10460 SW Fellowship Way, Port St Lucie, FL 34987
      View Details
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    Port Saint Lucie, FL 34987-1911
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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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