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Property profile & analytics
FOR LEASE
Warehouses
1901 SW Biltmore St Port Saint Lucie, FL 34984
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-7973002
For Lease
1 / 2
$1,600/Mo
1901 SW Biltmore St, Port Saint Lucie, FL 34984
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
CONCRETE BLOCKS
Total area
7,000 SF
Lot
0.7 ac (30,625 SF)
Zoning code
CS SERVIC
APN
3420-560-2411-000-8
UPID
US18-7973002
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$925k
Owner & transaction history
1901 Biltmore LLC
1901 Biltmore LLC
since 2026
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
CS SERVIC · Port Saint Lucie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+66.2%
Medical building
$1.3M
+56.2%
Office building
$1.2M
+46.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Saint Lucie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Saint Lucie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$890,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$850,000
Current use
RETAIL STORES
$1,415,000
Change: +66% · Conversion: Moderate
MEDICAL BUILDING
$1,330,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$1,245,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,010,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.12M (Oct 6 2022)
Last sale anchor
$1.12M
Oct 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,153
Tax year 2023
Assessed value
$949,800
Assessed 2023
Previous assessed
$468,979
+102.5% YoY
Effective rate
2.44%
On assessed value
Assessed land
$214,400
Assessed improvement
$735,400
Land market value
$214,400
Improvement market value
$735,400
Total market value
$949,800
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1989
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
10
Bathrooms
7
Total area
7,000 SF
Lot
0.7 ac (30,625 SF)
Zoning code
CS SERVIC
APN
3420-560-2411-000-8
UPID
US18-7973002
Jurisdiction
ST LUCIE
Zoning & alternative use
CS SERVIC · Port Saint Lucie, FL
Zoning CS SERVIC · permitted uses
CS SERVIC · Port Saint Lucie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Saint Lucie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$850,000
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
7
Lot
0.7 ac
Current owner
From public records · entity-resolved
1901 Biltmore LLC
Entity
Mailing address
6520 STONEHURST CIR, LAKE WORTH, FL 33467-7374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
$1,320,000
1901 Biltmore LLC
Ghrayeb 511 S East Coast LLC
Warranty Deed
$700,000 · Elga Credit Union
Oct 6, 2022
$1,120,000
Ghrayeb 511 S East Coast LLC
Smg Properties Of S Florida LLC
Warranty Deed
$742,000 · Bankflorida
Jun 7, 2016
$350,000
Smg Properties Of S Florida LLC
Boland,rosemarie & Patrick
Warranty Deed
$350,000 · Patrick & Rosemarie Boland
Oct 2, 2007
—
Patrick Boland
Boland,rosemarie
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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