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Property profile & analytics
FOR SALE
Retail properties & Spaces
2250 SW Gatlin Blvd Port St Lucie, FL 34953
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6285658
For Sale
Contact for pricing
2250 SW Gatlin Blvd, Port St Lucie, FL 34953
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
86,232 SF
Lot
8.69 ac (378,362 SF)
Zoning code
PLANNED UN
APN
4315-503-0002-000-7
UPID
US18-6285658
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
$16.70M
CAP Approach
CAP
$15.30M
Comparable Approach
Comparable
$12.54M
Blend (final)
Blend
$16.70M
Owner & transaction history
Cf Bass II LLC · 2 yrs held
Cf Bass II LLC
since 2024
Last sale
$16.7M
4 recorded transactions
Zoning & alternative use
PLANNED UN · Port Saint Lucie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$22.6M
+29.7%
Neighborhood: shopping center
$19.5M
+11.8%
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 St Lucie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port St 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
$16,700,000
ML approach
$16,700,000
CAP Approach
CAP Return
Estimation
6%
$16,570,000
6.5%
$15,295,000
7%
$14,200,000
Alternative Use
Use
Estimation
RETAIL STORES
$17,405,000
Current use
AUTO REPAIR, GARAGE
$22,570,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,465,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$16,355,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$15,355,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$16.70M
Range $15.03M – $18.37M · ±10% · vs last sale $16.70M (Mar 13 2024)
Last sale anchor
$16.70M
Mar 13 2024
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
$194 / 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
$366,138
Tax year 2023
Assessed value
$17,284,200
Assessed 2023
Previous assessed
$12,313,620
+40.4% YoY
Effective rate
2.12%
On assessed value
Assessed land
$8,513,100
Assessed improvement
$8,771,100
Land market value
$8,513,100
Improvement market value
$8,771,100
Total market value
$17,284,200
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
86,232 SF
Lot
8.69 ac (378,362 SF)
Zoning code
PLANNED UN
APN
4315-503-0002-000-7
UPID
US18-6285658
Jurisdiction
ST LUCIE
Zoning & alternative use
PLANNED UN · Port Saint Lucie, FLZoning PLANNED UN · permitted uses
PLANNED UN · Port Saint Lucie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$17.4M
AUTO REPAIR, GARAGE
Est. value
$22.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.5M
MEDICAL BUILDING
Est. value
$16.4M
OFFICE BUILDING
Est. value
$15.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
8.69 ac
Current owner
From public records · entity-resolved
Cf Bass II LLC
Entity
Free & Clear · 2 yrs held
Mailing address
591 W PUTNAM AVE, GREENWICH, CT 06830-6005
Ownership since
2024
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
Mar 13, 2024
$16,700,800
Cf Bass II LLC
Spt Prairie 2250 Gatlin Blvd LLC
Special Warranty Deed
—
Oct 2, 2017
$1,438,610
Spt Prairiew 2250 Gatlin Blvd LLC
Bass Pro Outdoor World LLC
Special Warranty Deed
—
May 6, 2013
$9,300,100
Bass Pro Outdoor World LLC
Kohls Dept Stores INC
Grant Deed
—
—
—
Bass Pro Outdoor World LLC
—
Loan Modification
related
$1,740,000,000 · Jp Morgan Chase Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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