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    Property profile & analytics

    1860 Fountainview Blvd Port St. Lucie, FL 34986

    • Office buildings
    • 45,510 SF
    • 3.00 lot acres
    For Lease
    View listing
    $0.27 SF/Yr
    Last Sale
    Jun 26, 2024
    $6,245,000
    Value Estimations
    $6,245,000
    Cap Rate Potential
    9.8%
    Office buildings
    Location Intelligence
    Property ID
    US18-5186336
    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

    • Office buildings

    Property Details for 1860 Fountainview Blvd

    Year built
    2006
    Construction
    BRICK
    Lot size
    3.00 lot acres
    Property size
    45,510 SF
    Zone code
    PUD
    Property type
    Office buildings
    APN
    3326-702-0007-000-4
    APU
    332670200070004

    Description

    This exceptional Class A office space, located at 1860 SW Fountainview Boulevard in Stuart, offers 45,000 square feet of single-tenant occupancy. The property is zoned PUD (Planned Unit Development) and features a convenient location ideal for businesses of all sizes. The building boasts a modern design and offers flexible lease terms, eliminating the burden of long-term commitments often associated with traditional office spaces. This turnkey solution provides furnished executive suites and private offices, catering to diverse business needs and budgets. Amenities include readily available receptionist and waiting areas, access to shared equipment and amenities, and convenient conference rooms, all contributing to a professional image for your clients. The property's single-tenant configuration ensures complete control and privacy, making it an attractive option for businesses seeking a dedicated and efficient workspace. The APN is 332670200070004. While the lot size is not specified, this exceptional property presents a unique opportunity to establish a thriving business in a prime Stuart location. The building's design and amenities are tailored to support a productive and professional work environment. This is a rare opportunity to secure a substantial, well-appointed office space in a highly desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,245,000
      ML approach
      $6,245,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,105,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $10,270,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $9,185,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $8,630,000
      Change: +7% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $7,090,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Saint Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.4112
    Latitude
    27.3093
    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
    $186,789
    $1,666,200
    $9,253,600
    $10,919,800
    -
    $1,666,200
    $9,253,600
    $10,919,800

    Comparable in this City

    • Value Estimation
      $9,710,000
      45,416 SF

      1660 Saint Lucie W Blvd

      OFFICE BUILDING (MULTI-STORY) • 45,416 SF
      1660 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-1967
      View Details
    • Value Estimation
      $4,760,000
      20,428 SF

      1680 Saint Lucie W Blvd

      OFFICE BUILDING (MULTI-STORY) • 20,428 SF
      1680 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-1927
      View Details
    • Value Estimation
      $2,275,000
      10,918 SF

      1430 Saint Lucie W Blvd

      PROFESSIONAL BUILDING • 10,918 SF
      1430 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-2134
      View Details
    • Value Estimation
      $2,900,000
      3,840 SF

      1352 Saint Lucie W Blvd

      OFFICE BUILDING • 3,840 SF
      1352 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-2109
      View Details
    • Value Estimation
      $6,315,000
      21,951 SF

      8555 Commerce Ctr Dr

      OFFICE BUILDING • 21,951 SF
      8555 Commerce Ctr Dr, Port Saint Lucie, FL 34986-3084
      View Details
    • Value Estimation
      $4,250,000
      19,872 SF

      451 Bethany Dr

      PROFESSIONAL BUILDING • 19,872 SF
      451 Bethany Dr, Port Saint Lucie, FL 34986-1964
      View Details

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      Port St. Lucie Office Complex

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      View Details

    Similar Nearby for Lease

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    1860 Fountainview Blvd
    Port St. Lucie, FL 34986
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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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