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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1961 Park Pl Port Saint Lucie, FL 34986-1930

    • Office buildings
    • 21,280 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimations
    $3,670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7689160
    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 1961 Park Pl

    Year built
    2021
    Construction
    CONCRETE BLOCKS
    Lot size
    0.83 lot acres
    Property size
    21,280 SF
    Zone code
    HIGHWAY CO
    Property type
    Office buildings
    APN
    3326-707-0004-000-8
    APU
    332670700040008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,780,000
      6.5%
      $4,415,000
      7%
      $4,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,316,000
      Market price range: $2.63M - $6.08M
      AI Estimate
      $3,286,000
      Market price range: $2.64M - $5.58M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,790,000
      Current use
      AUTO REPAIR, GARAGE
      $5,570,000
      Change: +47% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,805,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $4,295,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $4,035,000
      Change: +7% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,315,000
      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
    -80.4093
    Latitude
    27.3094
    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
    $78,457
    $662,100
    $2,632,100
    $3,294,200
    -
    $662,100
    $2,632,100
    $3,294,200

    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

    Similar Nearby for Sale

    • Contact for pricing
      41,753 SF

      St. Lucie West Landmark Building

      Professional and medical office space in a prominent four-story building.
      1660 Saint Lucie West Blvd, Port St Lucie, FL 34986
      View Details
    • $5,250,000
      10,000 SF

      Port St. Lucie Office Complex

      Fully Leased, High-Cap Rate Office Building
      1940 Fountainview Blvd, Port St. Lucie, FL 34986
      View Details
    • Contact for pricing

      Professional Office Space Available

      Class A office space with private offices and amenities.
      240 NW Peacock Blvd, Port St Lucie, FL 34986
      View Details
    • Contact for pricing

      Professional Office Suite in St. Lucie

      Well-maintained 3,500 SF office suite near Clover Park.
      544 NW University Blvd, Port St Lucie, FL 34986
      View Details
    • $275,000

      Profitable Office Space Investment

      1,056 SF office space with long-term tenants in place.
      544 NW University Blvd Blvd, Port St Lucie, FL 34986
      View Details
    • $4,700,000

      Medical Office Building For Sale

      Medical office building with flexible space and modern amenities.
      451 SW Bethany Dr, Port St Lucie, FL 34986
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      18,000 SF

      St. Lucie West Office Building

      Office building in a high-growth area with excellent visibility.
      9265 Commerce Ctr Dr, Port St Lucie, FL 34986
      View Details
    • $22 SF/Yr
      4,020 SF

      Single-Story Office Building For Rent

      Single-story office building with immediate availability and hurricane impact glass.
      120-128 SW Chamber Ct, Port Saint Lucie, FL 34986
      View Details
    • $22 SF/Yr
      10,736 SF

      St. Lucie West Medical Office Space

      Turnkey medical office, prime location.
      1631 St Lucie Blvd, Port St. Lucie, FL 34986
      View Details
    • $20 SF/Yr
      26,880 SF

      Port St. Lucie Flex Warehouse

      Flex warehouse buildings with office space and roll-up doors.
      532-534 Northwest Mercantile Pl, Port St Lucie, FL 34986
      View Details
    • $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
    • $25 SF/Yr
      3,076 SF

      St Lucie West Professional Offices

      Medical and professional offices in the heart of St Lucie West.
      525 NW Lake Whitney Pl, Port Saint Lucie, FL 34986
      View Details
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    1961 Park Pl
    Port Saint Lucie, FL 34986-1930
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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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