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Lumar Plaza 1847-1865 SE Port St Lucie Blvd 8,000 SF 100% Leased Office Building Port Saint Lucie, FL 34952 $1,850,000 ($231.25/SF) 7.20% Cap Rate
Investment Highlights
- High Visibility on one of the busiest street in the County!
- Nicely maintained
- Ample Parking
- Good for owner user
Executive Summary
Prime located mixed medical office building. Could accommodate an owner user as there are a number of short term leases. Attractive to investor at a 7% cap rate based on 2027 numbers. Most leases have automatic 3% annual increases. Ample parking behind the building. owner is retiring.
Financial Summary (Actual - 2027) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$214,470
|
$26.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$214,470
|
$26.81
|
| Taxes |
$42,000
|
$5.25
|
| Operating Expenses |
$40,000
|
$5.00
|
| Total Expenses |
$82,000
|
$10.25
|
| Net Operating Income |
$132,470
|
$16.56
|
Financial Summary (Actual - 2027)
| Gross Rental Income | |
|---|---|
| Annual | $214,470 |
| Annual Per SF | $26.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $214,470 |
| Annual Per SF | $26.81 |
| Taxes | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $5.25 |
| Operating Expenses | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $5.00 |
| Total Expenses | |
|---|---|
| Annual | $82,000 |
| Annual Per SF | $10.25 |
| Net Operating Income | |
|---|---|
| Annual | $132,470 |
| Annual Per SF | $16.56 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
8,000 SF
Building Class
B
Year Built
1988
Price
$1,850,000
Price Per SF
$231.25
Cap Rate
7.20%
NOI
$133,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.21
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
Professional Office - Zoned for office use
Parking
30 Spaces (3.75 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Storage Space
- Reception
- Secure Storage
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- ABS Insurance
- -
- -
- $18.00
- Single Net
- May 2027
- Arkim
- -
- -
- $15.00
- Triple Net
- Nov 2027
- Limitless Financial
- -
- -
- $15.00
- Triple Net
- Dec 2025
- RT Commercial
- -
- -
- -
- Plus Utilities
- -
- Salon Anue
- Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| ABS Insurance | - | - | $18.00 | Single Net | May 2027 | |
| Arkim | - | - | $15.00 | Triple Net | Nov 2027 | |
| Limitless Financial | - | - | $15.00 | Triple Net | Dec 2025 | |
| RT Commercial | - | - | - | Plus Utilities | - | |
| Salon Anue | Services | - | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 34-22-520-0029-0001 | Total Assessment | $1,824,460 (2025) |
| Land Assessment | $469,411 (2025) | Annual Taxes | $42,000 ($5.25/SF) |
| Improvements Assessment | $1,355,049 (2025) | Tax Year | 2027 |
Property Taxes
Parcel Number
34-22-520-0029-0001
Land Assessment
$469,411 (2025)
Improvements Assessment
$1,355,049 (2025)
Total Assessment
$1,824,460 (2025)
Annual Taxes
$42,000 ($5.25/SF)
Tax Year
2027
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Photos
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Lumar Plaza | 1847-1865 SE Port St Lucie Blvd
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