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    Remodeled Commercial Building with Parking Title is generated by Realmo AI

    3801 Okeechobee Road, Fort Pierce, FL 34947

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    Claim this Listing
    For Lease
    $4,500/Mo $27 SF/Yr (calc)

    COMMERCIAL - Fort Pierce, FL

    Type:Retail
    Property size:
    2,000 SF
    Lot size:
    0.40 Acres
    Added:
    Feb 3, 2026
    Days on Market:
    119
    Last Refresh:
    Jun 2 at 6:06 pm

    Property Features for 3801 Okeechobee Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    CommGe
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    8
    Standard status
    Active
    APN
    241770400380002
    Size
    2,000 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TOTTEN`S S/D OF SEC 17-35-40 UNRECORDED BLK 3 LOTS 9 AND 10 AND A25 FT STRIP OF LAND LYG E OF AND ADJ TO LOT 9 (0.40 AC)
    Tax Annual Amount
    5011

    Utilities

    Utilities
    Water Available
    Sewer type
    Private Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Laminate
    Building materials
    Metal Siding
    Roof type
    Flat

    We can help!

    Listing Contact
    Linda Moore
    Linda Moore

    Listing agent Linda Moore License #3102392

    Listing office RE/MAX of Stuart 729 SW Federal Hwy Suite 100, Stuart, FL

    Listing date Feb 3, 2026

    MLS# R11160579

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Standalone 2000 sq ft commercial building with private parking lot.
    • Completely remodeled interior, including a new bathroom.
    • New roof and new A/C unit.
    • Features a small kitchen area with storage.
    • Includes a side garage door.
    • Located near Okeechobee Rd, Virginia Ave, and the Turnpike in west Fort Pierce.

    Overview

    This commercial, single-standing building offers 2,000 square feet of space and includes its own parking lot. Located on Okeechobee Road in the up-and-coming west Fort Pierce area, the property is near the intersection of Okeechobee Road and Virginia Avenue West, and close to the Turnpike. The interior has been completely remodeled and features a small kitchen area with a storage room, a bathroom, and a large open area with high ceilings. Additional features include a side garage door, a new roof, and a new A/C unit. The lot size is 0.4 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.363952
    Latitude
    27.427201

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    FAQs

    What type of property is this?
    Retail space - Freestanding 2,000 sq ft building with parking in Fort Pierce.
    Where is this retail space located?
    The property is located at 3801 Okeechobee Road Fort Pierce, FL.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: Standalone 2000 sq ft commercial building with private parking lot.; Completely remodeled interior, including a new bathroom.; New roof and new A/C unit.
    (772) 834-2707
    We can help!
    Listing Contact
    Linda Moore
    Linda Moore
    Real Estate License ID: 3102392
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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.

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    3801 Okeechobee Road, Fort Pierce, FL 34947
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