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    234 Prt St Lucie Blvd Port Saint Lucie, FL 34984-5044
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    Property profile & analytics

    234 Prt St Lucie Blvd, Port Saint Lucie, FL 34984-5044

    View on Map
    • Community centers
    • 6,784 SF
    • 0.92 lot acres
    Off-Market
    Last Sale Feb 8, 2023
    $1,550,000
    Property ID
    US18-5992160
    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.
    Value Estimations
    $1,485,000
    Show details
    Cap Rate Potential
    8.6%
    Community centers
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 234 Prt St Lucie Blvd

    Year built
    2008
    Construction
    CONCRETE BLOCKS
    Lot size
    0.92 lot acres
    Zone code
    GENERAL CO
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    3420-585-2696-000-6
    APU
    342058526960006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 8, 2023 $1,550,000 Futuro 3 LLC Ceyden LLC Warranty Deed —
    Nov 6, 2017 $1,500,000 Ceyden Plaza 242 Warranty Deed —
    Jan 23, 2017 — Plaza 242 LLC — Deed · related $1.3M · Anchor Com'l Bk
    Aug 5, 2010 $850,000 Bennett,h B & B E Trust B-2 Dayspring LLC Warranty Deed —
    Jul 19, 2005 $540,000 Plaza 242 LLC James Raneri Warranty Deed $480k · Anchor Commercial Bank
    May 26, 2004 $33,500 Wesley Deonarine Raneri,james Grant Deed —
    Oct 8, 2001 $50,000 James J Raneri Pica,tony Grant Deed $33k · Tony Pica
    — — Plaza 242 LLC — Loan Modification · related $1.4M · Anchor Commercial Bank
    — — Plaza 242 LLC — Deed Of Trust · related $970k · Anchor Commercial Bank
    — — Plaza 242 LLC — Loan Modification · related $1.3M · Anchor Com'l Bk
    — — Bennett,h B & B E Trust B-2 — Deed Of Trust · related $680k · Bank United

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,180,000
      ML approach
      $1,225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,690,000
      6.5%
      $1,560,000
      7%
      $1,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,861,000
      Market price range: $757k - $2.47M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,530,000
      Current use
      AUTO REPAIR, GARAGE
      $1,775,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $1,370,000
      Change: -11% Conversion: Easy
      MEDICAL BUILDING
      $1,285,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Saint Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3521
    Latitude
    27.2737
    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
    $25,519
    $494,000
    $753,000
    $1,247,000
    -
    $494,000
    $753,000
    $1,247,000

    Comparable in this City

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      $4,845,000
      34,139 SF

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    • Value Estimation
      $885,000
      6,800 SF

      1984 Bayshore Blvd

      MINI-MALL
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    • Value Estimation
      $1,125,000
      8,140 SF

      220 Prt St Lucie Blvd

      MINI-MALL
      220 Prt St Lucie Blvd, Port Saint Lucie, FL 34984
      View Details
    • Value Estimation
      $11,755,000
      95,856 SF

      802 Becker Rd

      MINI-MALL
      802 Becker Rd, Port Saint Lucie, FL 34984-6622
      View Details
    • Value Estimation
      $1,055,000
      7,700 SF

      207 Prt St Lucie Blvd

      MINI-MALL
      207 Prt St Lucie Blvd, Port Saint Lucie, FL 34984-5011
      View Details
    • Value Estimation by Request
      6,192 SF

      127 Prt St Lucie Blvd

      MINI-MALL
      127 Prt St Lucie Blvd, Port Saint Lucie, FL 34984-5042
      View Details

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      1,664 SF

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      7,100 SF

      Retail Property on Port St Lucie

      Retail property for sale with high traffic and ample parking.
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      2,573 SF

      Port St. Lucie Commercial Land

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      0.25 Acres

      Port St. Lucie Commercial Land

      Commercial land in Port St. Lucie, Florida, for sale.
      131 SW Essex Dr, Port St Lucie, FL 34984
      View Details
    • $499,000
      0.33 Acres

      Land in Tesoro Club

      Estate site with water and golf views in gated community.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space on Port

      3,200 SF retail space in high-growth Port St. Lucie.
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    • $1,900 /Mo

      Port St. Lucie Warehouse Space

      Warehouse space available for rent in Port St. Lucie.
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    • Contact for pricing

      Land For Rent

      Land available for single tenant use.
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      View Details
    • Contact for pricing
      2,500 SF

      Port St. Lucie Office Space

      2,500 SF office space in a thriving commercial corridor.
      155 SW Port St Lucie Blvd, Port Saint Lucie, FL 34984
      View Details
    • $1,900 /Mo

      Renovated Warehouse Unit For Rent

      Newly renovated warehouse unit with new A/C and restroom.
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    • Contact for pricing

      Industrial Flex Building For Rent

      Small bay industrial flex building with conversion potential.
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      View Details
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    Port Saint Lucie, FL 34984-5044
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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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