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Property profile & analytics
OFF-MARKET
Industrial properties
585 Mercantile Plc-8 Port Saint Lucie, FL 34986-2257
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-7791216
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2006
Construction
CONCRETE BLOCKS
Total area
1,500 SF
Lot
0.03 ac (1,500 SF)
Zoning code
WAREHOUSE
APN
3323-680-0017-080-7
UPID
US18-7791216
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Balco Group LLC
Balco Group LLC
since 2025
Last sale
$345,000
7 recorded transactions
Zoning & alternative use
WAREHOUSE · Port Saint Lucie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Saint Lucie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Saint 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,814
Tax year 2023
Assessed value
$277,500
Assessed 2023
Previous assessed
$138,000
+101.1% YoY
Effective rate
1.73%
On assessed value
Assessed improvement
$277,500
Improvement market value
$277,500
Total market value
$277,500
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
1,500 SF
Lot
0.03 ac (1,500 SF)
Zoning code
WAREHOUSE
APN
3323-680-0017-080-7
UPID
US18-7791216
Jurisdiction
ST LUCIE
Zoning & alternative use
WAREHOUSE · Port Saint Lucie, FL
Zoning WAREHOUSE · permitted uses
WAREHOUSE · Port Saint Lucie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Saint Lucie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
Balco Group LLC
Entity
Mailing address
1193 SE PRT ST LUCIE BLVD #267, PORT SAINT LUCIE, FL 34952-5332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
$345,000
Balco Group LLC
Nucabo Group LLC
Warranty Deed
$170,000 · Adrian Minor
Feb 25, 2020
$159,900
Nucabo Group LLC
Valerie Lafaurie
Warranty Deed
—
Feb 25, 2020
—
Valerie Lafaurie
Groovy Toys LLC
Correction Deed
related
—
Jan 2, 2019
$100
Valerie Lafaurie
Groovy Toys LLC
Quit Claim Deed
related
—
May 5, 2014
$140,000
Groovy Toys LLC
Kas Partners LLC
Special Warranty Deed
$112,000 · Pnc Bank NA
Nov 15, 2011
$225,000
Kas Partners LLC
Wp Industrial II LLC
Warranty Deed
—
Jul 5, 2007
$1,484,500
Wp Industrial II LLC
Sl Holding LLC
Grant Deed
$1,187,600 · Colonial Bank
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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