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    898 Swan Ave Port Saint Lucie, FL 34983
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    Property profile & analytics

    898 Swan Ave, Port Saint Lucie, FL 34983

    View on Map
    • Warehouses
    • 0.27 lot acres
    Off-Market
    Last Sale Jan 23, 2023
    $1,050,000
    Property ID
    US18-6177651
    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
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 898 Swan Ave

    Lot size
    0.27 lot acres
    Zone code
    CS SERVIC
    Property type
    Warehouses
    APN
    3420-635-0001-000-6
    APU
    342063500010006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2023 $1,050,000 722 Sw Biltmore LLC Realty 20 20 LLC Warranty Deed $893k · South State Bank NA
    Sep 15, 2016 — Realty 20/20 LLC Garvey M D & J A E Trust Quit Claim Deed · related —
    Feb 11, 2015 — Garvey,m D & J A Living Trust Garvey Michael D & Jo Ann E Quit Claim Deed · related —
    Jul 15, 2014 $85,000 Realty 20/20 LLC Macedo Blvd LLC Warranty Deed —
    Mar 14, 2005 $75,000 Macedo Blvd LLC Adnan Investment & Dev INC Warranty Deed —
    Mar 21, 2003 $18,000 Adnan Inv & Development INC H & B Holdings Of Palm Beach Grant Deed —
    Dec 20, 2002 $16,000 H & B Holdings Of Palm Beach Mosch,nicki H Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $800,000
      ML approach
      $1,000,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Saint Lucie
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3734
    Latitude
    27.3122
    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
    $2,004
    $115,800
    $0.00
    $115,800
    -
    $115,800
    $0.00
    $115,800

    Comparable in this City

    • Value Estimation
      $1,240,000
      9,650 SF

      1242 Biltmore St

      WAREHOUSE, STORAGE
      1242 Biltmore St, Port Saint Lucie, FL 34983
      View Details
    • Value Estimation
      $570,000
      5,824 SF

      1201 Biltmore St

      WAREHOUSE, STORAGE
      1201 Biltmore St, Port Saint Lucie, FL 34983-2486
      View Details
    • Value Estimation
      $800,000
      9,360 SF

      1401 Biltmore St

      WAREHOUSE, STORAGE
      1401 Biltmore St, Port Saint Lucie, FL 34983-2959
      View Details
    • Value Estimation
      $650,000
      7,072 SF

      1225 Sws Macedo Blvd

      WAREHOUSE, STORAGE
      1225 Sws Macedo Blvd, Port Saint Lucie, FL 34983-2482
      View Details
    • Value Estimation by Request
      4,160 SF

      791 Grv Ave

      WAREHOUSE, STORAGE
      791 Grv Ave, Port Saint Lucie, FL 34983-2911
      View Details
    • Value Estimation by Request
      4,700 SF

      1350 Biltmore St

      WAREHOUSE, STORAGE
      1350 Biltmore St, Port Saint Lucie, FL 34983-2958
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,235 SF

      Flex Condo with Warehouse Space

      Flex condo featuring office, bath, and air-conditioned warehouse space.
      1250-1264 SW Biltmore St, Port Saint Lucie, FL 34983
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    • $285,000

      Flex Industrial Condo Unit

      Centralized flex unit combines fully air-conditioned warehouse space with an office and restroom.
      1254 Southwest Biltmore St, Port St Lucie, FL 34983
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    • Contact for pricing
      Pending

      Flex Condo For Sale

      End unit flex condo available for immediate owner occupancy.
      1250 SW Biltmore St, Port St Lucie, FL 34983
      View Details
    • $174,500
      0.23 Acres

      Port St. Lucie Land Opportunity

      Prime lot in a rapidly growing Florida area.
      546 NW Billiar Ave, Port St Lucie, FL 34983
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo

      Flex Industrial Condo Unit

      Centralized flex unit combines office space, a restroom, and open warehouse area for versatile business operations.
      1250 Southwest Biltmore St, Port St Lucie, FL 34983
      View Details
    • Contact for pricing
      1,500 SF

      Warehouse Units with Easy Access

      Warehouse units with tall ceilings, roll-up doors, and ample parking.
      792 SW Grove Ave, Port Saint Lucie, FL 34983
      View Details
    • $2,500 /Mo
      3,258 SF

      Retail Space in Swan Plaza

      In-line retail space in a high-traffic commercial plaza.
      802 SW Bayshore Blvd, Port St Lucie, FL 34983
      View Details
    • $2,500 /Mo

      Retail Space in Swan Plaza

      Retail space with high visibility in a thriving commercial plaza.
      802 SW Bayshore Blvd, Port St Lucie, FL 34983
      View Details
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    Port Saint Lucie, FL 34983
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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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    898 Swan Ave, Port Saint Lucie, FL, 34983
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