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Property profile & analytics
OFF-MARKET
Estimated value
$22,740,000
Office buildings
9801 Discovery Way Port Saint Lucie, FL 34987-2301
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-3707815
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
90,357 SF
Lot
8 ac (348,480 SF)
Zoning code
MASTER PLA
APN
4315-502-0008-000-6
UPID
US18-3707815
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
$18.74M
Comparable Approach
Comparable
$25.80M
Blend (final)
Blend
$22.74M
Owner & transaction history
City Of Port St Lucie Florida · 8 yrs held
City Of Port St Lucie Florida
since 2017
2 recorded transactions
Zoning & alternative use
MASTER PLA · Port Saint Lucie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$23.7M
+47.0%
Neighborhood: shopping center
$20.4M
+26.7%
Retail stores
$18.2M
+13.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,300,000
6.5%
$18,735,000
7%
$17,400,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,090,000
Current use
AUTO REPAIR, GARAGE
$23,650,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,395,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$18,240,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$17,140,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$22.74M
Range $20.47M – $25.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$252 / SF
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
$74,577
Tax year 2023
Assessed value
$27,641,000
Assessed 2023
Previous assessed
$15,039,574
+83.8% YoY
Effective rate
0.27%
On assessed value
Assessed land
$3,777,500
Assessed improvement
$23,863,500
Land market value
$3,777,500
Improvement market value
$23,863,500
Total market value
$27,641,000
Applied tax rate
9,341.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
3
Total area
90,357 SF
Lot
8 ac (348,480 SF)
Zoning code
MASTER PLA
APN
4315-502-0008-000-6
UPID
US18-3707815
Jurisdiction
ST LUCIE
Zoning & alternative use
MASTER PLA · Port Saint Lucie, FL
Zoning MASTER PLA · permitted uses
MASTER PLA · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.1M
AUTO REPAIR, GARAGE
Est. value
$23.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.4M
RETAIL STORES
Est. value
$18.2M
MEDICAL BUILDING
Est. value
$17.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Lot
8 ac
Current owner
From public records · entity-resolved
City Of Port St Lucie Florida
Entity
Free & Clear · 8 yrs held
Mailing address
9500 EUCLID AVEHS120, CLEVELAND, OH 44195-0001
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2017
$58,565,000
City Of Port St Lucie Florida
Vaccine & Gene Therapy Inst Of Fl
Grant Deed
—
—
—
Oregon Health & Science Univ V
—
Deed Of Trust
related
$64,035 · Td Bank NA
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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