Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1537 Saint Lucie W Blvd Port Saint Lucie, FL 34986-2113

    • Grocery and convenience stores
    • 56,422 SF
    • 13.32 lot acres
    OFF-MARKET
    Last Sale
    Mar 13, 2020
    Value Estimations
    $8,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7314809
    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

    • Grocery and convenience stores

    Property Details for 1537 Saint Lucie W Blvd

    Year built
    2021
    Construction
    CONCRETE BLOCKS
    Lot size
    13.32 lot acres
    Property size
    56,422 SF
    Zone code
    GENERAL CO
    Property type
    Grocery and convenience stores
    APN
    3325-602-0001-000-2
    APU
    332560200010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,840,000
      6.5%
      $10,010,000
      7%
      $9,295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,538,000
      Market price range: $2.41M - $9.41M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $11,390,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $12,735,000
      Change: +12% Conversion: Moderate
      MEDICAL BUILDING
      $10,700,000
      Change: -6% Conversion: Difficult
      OFFICE BUILDING
      $10,050,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Saint Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3923
    Latitude
    27.3169
    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
    $291,086
    $5,986,700
    $4,403,600
    $10,390,300
    -
    $5,986,700
    $4,403,600
    $10,390,300

    Comparable in this City

    • Value Estimation
      $8,455,000
      47,236 SF

      9335 Commerce Ctr Dr

      GROCERY, SUPERMARKET • 47,236 SF
      9335 Commerce Ctr Dr, Port Saint Lucie, FL 34986-8500
      View Details
    • Value Estimation
      $500,000
      5,535 SF

      1601 Saint Lucie W Blvd

      FINANCIAL BUILDING • 5,535 SF
      1601 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-2106
      View Details
    • Value Estimation
      $1,850,000
      11,200 SF

      1300 Saint Lucie W Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,200 SF
      1300 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-2109
      View Details
    • Value Estimation
      $2,440,000
      16,466 SF

      770 Saint Lucie W Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,466 SF
      770 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-1759
      View Details
    • Value Estimation by Request
      4,220 SF

      1410 Saint Lucie W Blvd

      FINANCIAL BUILDING • 4,220 SF
      1410 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-2110
      View Details
    • Value Estimation
      $1,980,000
      11,919 SF

      1665 Saint Lucie W Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,919 SF
      1665 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-2106
      View Details

    Similar Nearby for Sale

    • $1,300,000

      St. Lucie West Commercial Condominium

      Turn-key commercial condominium in St. Lucie West.
      266 NW Peacock Blvd, Port St Lucie, FL 34986
      View Details
    • $1,300,000
      4,458 SF

      Turn-Key Commercial Condo in St. Lucie

      4500+ SF commercial condo in St. Lucie West.
      266 NW Peacock Blvd, Port Saint Lucie, FL 34986
      View Details
    • $199,900

      RV Lot with Tiki

      Back-in RV lot with tiki, pond view, and amenities.
      101 NW Boundary Dr, Port Saint Lucie, FL 34986
      View Details
    • Contact for pricing
      53,894 SF

      St. Lucie West Redevelopment Opportunity

      Versatile property in a rapidly growing market.
      1900 NW Courtyard Cir, Port Saint Lucie, FL 34986
      View Details
    • $169,000
      Pending

      Culinary Oasis in Port St. Lucie

      Expansive lot with outdoor kitchen and furnished tiki for entertaining.
      184 NW Hazard Way, Port St Lucie, FL 34986
      View Details
    • $349,000

      Updated RV Lot on Golf Course

      Corner RV lot with updated tiki and resort amenities.
      460 NW Foursome Ln, Fort Pierce, FL 34986
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      114,884 SF

      PSL Business Center: Prime Office Space

      St. Lucie West Office Suites, 192-33,300 SF
      580 University Blvd, Port St. Lucie, FL 34986
      View Details
    • Contact for pricing
      88,342 SF

      Shoppes at St. Lucie West Retail Space

      Prime Port St. Lucie retail space available. Multiple suites, flexible sizes.
      1333 St. Lucie Blvd, Port St. Lucie, FL 34986
      View Details
    • $35 SF/Yr
      2,175 SF

      Port St. Lucie Retail Space For Lease

      Prime Retail Space, 2175 sq ft, I-95 Access
      270 Peacock Blvd, Port St. Lucie, FL 34986
      View Details
    • Contact for pricing
      85,708 SF

      Cashmere Corners Medical Office

      Port St. Lucie Medical Office Building
      870 St. Lucie Blvd, Port St. Lucie, FL 34986
      View Details
    • $349,999
      1,600 SF

      Port St. Lucie Flex Unit

      Flex unit in West Park Industrial Center for lease.
      571 NW Mercantile Pl, Port Saint Lucie, FL 34986
      View Details
    • $20 SF/Yr
      22,500 SF

      Port St. Lucie Flex Space

      5,000 SF flex space available for lease.
      603-619 NW Mercantile Pl, Port St Lucie, FL 34986
      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.
    1537 Saint Lucie W Blvd
    Port Saint Lucie, FL 34986-2113
    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

    Google sign-in failed. Please try again or use another login method.