250 Peacock Blvd, Port Saint Lucie, FL 34986-2205
- Office buildings
- 25,000 SF
- 2.89 lot acres
Current Use by Public Records
- Office buildings
Property Details for 250 Peacock Blvd
- Year built
- 2004
- Construction
- BRICK
- Lot size
- 2.89 lot acres
- Zone code
- COMM GENRA
- Property type
- Office buildings
- APN
- 3326-685-0001-000-2
- APU
- 332668500010002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 7, 2025 | $4,000,000 | Micpeacock LLC | St Lucie Fitness Enterprises LLC | Warranty Deed | $2.5M · Citizens Bank NA |
| Aug 8, 2018 | — | St Lucie Fitness Ents LLC | — | Deed · related | $3M · Readycap Com'l |
| — | — | St Lucie Fitness Ents LLC | — | Deed Of Trust · related | $4.1M · Newtek Small Busn Fin |
| — | — | St Lucie Fitness Ents LLC | — | Loan Modification · related | $2.5M · Ocean Bk |
| — | — | St Lucie Fitness Ents LLC | — | Deed Of Trust · related | $3M · Readycap Com'l |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 25,000-square-foot Class A fitness center in Port St. Lucie, Florida. Located at 250 NW Peacock Blvd (APN 3326-685-0001-000-2), this single-story building, constructed in 2004 and extensively renovated in 2022, boasts a 100% occupancy rate under a Net Lease (NNN) agreement. The current lease expires August 31, 2027, with three 5-year options at 3% annual rent bumps, providing excellent inflation protection. The property generates a substantial Net Operating Income (NOI) of $342,498, yielding an attractive 8.50% cap rate at an asking price of $4,029,000 ($161.16/sq ft). The tenant, operating successfully for over 20 years, recently completed a $2,000,000 renovation, ensuring state-of-the-art facilities. Situated on a 2.89-acre lot in a high-growth area (Port St. Lucie is ranked among the fastest-growing cities in the US), the property benefits from a dense retail corridor including major national brands like Walmart, AMC Theatres, and numerous restaurants. The surrounding area boasts a high average household income and significant consumer spending, making this a compelling investment with strong long-term potential. The property is zoned for General Commercial use.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,615,000
- 6.5%
- $5,185,000
- 7%
- $4,815,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,794,000
- AI Estimate
- $3,763,000
Market price range: $3.09M - $7.03MMarket price range: $3.10M - $6.55M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,445,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $5,645,000 Change: +27% Conversion: Difficult
- RETAIL STORES
- $5,045,000 Change: +13% Conversion: Moderate
- MEDICAL BUILDING
- $4,740,000 Change: +7% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $3,895,000 Change: -12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Port Saint Lucie
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.4093
- Latitude
- 27.3163
- CBSA code
- 38940
- CBSA name
- PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA
