2200 Del Rio BlvdPort St. Lucie, FL 34953
- Specialty properties
- 720 SF
Property Details for 2200 Del Rio Blvd
- Year built
- 2021
- Construction
- BRICK
- Lot size
- 17.09 AC
- Property size (Sq ft)
- 720 SF
- Zone code
- I - PSL
- Property type
- Specialty properties
- Property subtype
- Other specialty properties
- APN
- 4302-600-0001-000-8
- APU
- 430260000010008
Description
This exceptional Class A commercial property, Rolling Oaks Cemetery, is offered at $7,900,000 with an impressive 11.28% cap rate and a strong NOI of $890,913. Located on 17.9 acres of waterfront land in Port St. Lucie, Florida (34953), this established cemetery provides a wide range of services including ground burials, mausoleums, cremation services, and pet burials. It boasts a comprehensive service offering catering to diverse needs and faiths, including veteran discounts. Currently operating on 4.6 acres, the remaining 13.3 acres offer significant expansion potential. Plans are already underway for the construction of 85 new crypts in upcoming mausoleums, representing a substantial opportunity for revenue growth. Further expansion possibilities include the addition of an on-site funeral home, enhancing customer experience and generating additional revenue streams. The cemetery benefits from a dedicated and experienced general manager and team, ensuring a smooth transition for the new owner. This thriving business is situated in a rapidly growing community with over 275,000 residents, making it an attractive investment opportunity for both seasoned entrepreneurs and savvy investors seeking substantial cash flow and long-term growth. The property's location and existing infrastructure provide a solid foundation for continued success and expansion. This is a unique opportunity to acquire a well-established, profitable business with significant upside potential in a desirable market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $291,088
- Hospitality
- $266,635
- Educational
- $221,837
- Medical
- $229,467
- Retail
- $345,080
Location Insight
- City
- Port Saint Lucie
- County
- St. Lucie
- State
- Florida
- Latitude
- 27.287
- Longitude
- -80.4166
- CBSA code
- 38940
- CBSA name
- PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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