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    451 SW Bethany Dr Port St Lucie, FL 34986
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    Property profile & analytics

    451 SW Bethany Dr, Port St Lucie, FL 34986

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    • Office buildings
    • 19,872 SF
    • 1.50 lot acres
    For Lease
    $4,250,000
    View Listing →
    Office Space Available For Rent For Lease
    $4,250,000
    2,750 SF

    Office Space Available For Rent

    Office space available for rent in Port St. Lucie, FL.

    Fort Pierce, FL 34986
    View Listing
    Property ID
    US18-5561889
    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
    $4,250,000
    Cap Rate Potential
    7.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 451 SW Bethany Dr

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    1.50 lot acres
    Property type
    Office buildings
    APN
    3323-912-0002-000-5
    APU
    332391200020005

    Description

    This exceptional 1,876 square foot office space is located at 451 SW Bethany Dr, Unit #203, Port St. Lucie, FL 34986, within a 21,000 square foot, two-story building constructed in 2006. The unit is a corner suite offering excellent visibility directly off St. Lucie West Blvd, with prominent pylon and building signage opportunities. The layout includes three private offices and two large open areas, easily adaptable to create four additional offices, classrooms, or therapy rooms, providing flexibility for a variety of professional uses. Abundant natural light fills the space through large windows in every office. A dedicated IT/storage room is also included. This traditional, executive, and creative office space is perfect for businesses seeking high visibility and a versatile layout in a multi-tenant building situated in St. Lucie County. The property is classified as Office, Special Purpose.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,685,000
      ML approach
      $3,795,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,465,000
      6.5%
      $4,120,000
      7%
      $3,825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,795,000
      Market price range: $2.46M - $5.59M
      AI Estimate
      $4,756,000
      Market price range: $2.46M - $5.21M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,535,000
      Current use
      AUTO REPAIR, GARAGE
      $5,200,000
      Change: +47% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,485,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $4,010,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $3,765,000
      Change: +7% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,095,000
      Change: -12% 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
    -80.3853
    Latitude
    27.3148
    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
    $89,859
    $686,000
    $4,082,100
    $4,768,100
    -
    $686,000
    $4,082,100
    $4,768,100

    Comparable in this City

    • Value Estimation
      $8,245,000
      30,088 SF

      1850 Fountainview Blvd

      OFFICE BUILDING (MULTI-STORY)
      1850 Fountainview Blvd, Port Saint Lucie, FL 34986-3443
      View Details
    • Value Estimation
      $1,370,000
      6,572 SF

      180 Central Park Plz

      PROFESSIONAL BUILDING
      180 Central Park Plz, Port Saint Lucie, FL 34986-2451
      View Details
    • Value Estimation
      $5,205,000
      20,682 SF

      295 Peacock Blvd

      PROFESSIONAL BUILDING
      295 Peacock Blvd, Port Saint Lucie, FL 34986-2212
      View Details
    • Value Estimation
      $2,450,000
      10,368 SF

      1631 Saint Lucie W Blvd

      OFFICE BUILDING (MULTI-STORY)
      1631 Saint Lucie W Blvd, Port Saint Lucie, FL 34986-1963
      View Details
    • Value Estimation
      $2,890,000
      14,748 SF

      145 Central Park Plz

      OFFICE BUILDING
      145 Central Park Plz, Port Saint Lucie, FL 34986-2482
      View Details
    • Value Estimation
      $545,000
      2,170 SF

      Port

      OFFICE BUILDING
      Port, Saint Lucie, FL 34986
      View Details

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    • Contact for pricing
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      Shared Medical Co-working Space

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      10,500 SF

      Warehouse Condos Near I-95

      Two warehouse condos totaling 10,500 SF near I-95.
      679 Northwest Enterprise Dr, Port St Lucie, FL 34986
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    • $375,000
      Pending

      Port St. Lucie Warehouse Condo

      1,750 SF warehouse condo with office space and mezzanine.
      581 NW Mercantile Pl, Port St Lucie, FL 34986
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Space Available

      Professional office building with flexible spaces and modern amenities.
      1860 SW Fountainview Blvd, Port St Lucie, FL 34986
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      3,207 SF

      Class A Office Space Available

      Professional office building with flexible spaces and modern amenities.
      1860 SW Fountainview Blvd, Port St Lucie, FL 34986
      View Details
    View Listing
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    Port St Lucie, FL 34986
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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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    451 SW Bethany Dr, Port St Lucie, FL, 34986
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