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    Property profile & analytics

    1250 Biltmore St Port Saint Lucie, FL 34983-2487

    • Industrial properties
    • 1,715 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3815715
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1250 Biltmore St

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    0.02 lot acres
    Property size
    1,715 SF
    Zone code
    LI - PSL
    Property type
    Industrial properties
    APN
    3431-566-0008-000-8
    APU
    343156600080008

    Description

    This 1,717-square-foot Class B flex industrial condo unit is located at 1250 SW Biltmore St, Port St. Lucie, FL 34983 (APN 3431-566-0008-000-8). Built in 2006, the property features an 18-foot ceiling height and offers a versatile layout ideal for various business types. The unit includes office space, a restroom, and an open warehouse area, making it suitable for contractors, trades businesses, or storage needs. Its convenient location provides easy access to I-95 and the Turnpike, ensuring efficient transportation throughout Port St. Lucie and surrounding areas. This is an owner/user investment opportunity priced at $345,000, translating to $200.93 per square foot. Note that this unit can be purchased alongside three adjacent units currently configured as a turnkey food production facility, complete with a full kitchen (including hood and grease trap), specialized plumbing, a 1,000-square-foot walk-in refrigerator and freezer, and a backup generator. This presents a unique opportunity for expansion or synergy with related businesses. The property is situated in St. Lucie County, Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Saint Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3709
    Latitude
    27.3026
    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
    $4,223
    $0.00
    $257,300
    $257,300
    -
    $0.00
    $257,300
    $257,300

    Comparable in this City

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      2,000 SF

      892 Lakehurst Dr

      CONDOMINIUMS (INDUSTRIAL) • 2,000 SF
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    • Value Estimation by Request
      1,200 SF

      1030 Biltmore St

      CONDOMINIUMS (INDUSTRIAL) • 1,200 SF
      1030 Biltmore St, Port Saint Lucie, FL 34983-2485
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      1368 Biltmore St

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      656 Carter Ave

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    Similar Nearby for Sale

    • $1,125,000
      4,263 SF

      Port St. Lucie Food Production Facility

      Turnkey Food Production, 4,263 SF
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    • $355,000
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      Port St. Lucie Flex Industrial Condo

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    • $750,000

      Port St. Lucie Warehouse - $750K

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    • $285,000
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      Flex Condo with Warehouse Space

      Flex condo featuring office, bath, and air-conditioned warehouse space.
      1250-1264 SW Biltmore St, Port Saint Lucie, FL 34983
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    • $315,000

      Flex Condo For Sale

      End unit flex condo available for immediate owner occupancy.
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      Midway Road Commercial Land

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    Similar Nearby for Lease

    • $16 SF/Yr
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      Port St. Lucie Warehouse Space

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    • $18 SF/Yr
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    • $15 SF/Yr
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      Drive-Through Parking Lot For Rent

      Convenient parking lot with drive-through access in central industrial park.
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    • $265,000
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      Port Saint Lucie Commercial Land

      Commercial land available for rent in Port Saint Lucie, Florida.
      664 SW Carter Ave, Port Saint Lucie, FL 34983
      View Details
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    1250 Biltmore St
    Port Saint Lucie, FL 34983-2487
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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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