Coffee Shop Retail
For Sale
$485,900
108b-130 S Indian River Dr, Fort Pierce, FL 34982
Occupied café and bakery unit with direct building entry and one assigned parking space.
Property Size1,050 SF
Price / SF$462.76
Days on Market40
Property Features for 108b-130 S Indian River Dr
General Information
Standard status
Active
Size
1,050 SF
Total Parking Spaces
1
Taxes and HOA fees
Annual Taxes
$6,336
Listing Agency:
DK International Rlty Inc.
(305) 968-7454
Listed By:
Keren Bajaroff Rabbino
(305) 968-7454
Source:
Exprealty
Added: Jun 30
Changed: Aug 4
Last Checked: Aug 8 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DK International Rlty Inc.
Investment Insights
Based on property information with market context.
This 1,050-square-foot retail unit is occupied by a café and bakery and forms the primary entrance to the Renaissance Building. The space fronts the building’s main street and includes one parking space.
The property is located at 108B-130 S Indian River Dr in Downtown Fort Pierce, within the Renaissance Building. Its retail configuration and existing café/bakery occupancy provide a clearly defined commercial use within the downtown setting.
The property is located at 108B-130 S Indian River Dr in Downtown Fort Pierce, within the Renaissance Building. Its retail configuration and existing café/bakery occupancy provide a clearly defined commercial use within the downtown setting.
Key Highlights
- 1,050 SF retail unit
- Currently occupied by a café and bakery
- Primary entrance into the Renaissance Building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,660
$313.7K
Cap Rate 7%
$224,043
$224.0K
Cap Rate 9%
$174,256
$174.3K
Market Conditions
NOI Build-Up for 1,050 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.7K $21.60/SF
− Vacancy
−$1.8K −$1.68/SF
EGI
$20.9K $19.92/SF
− OpEx
−$5.2K −$4.98/SF
NOI
$15.7K $14.94/SF
Area
St. Lucie County, FL
Vacancy
7.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,660
Cap Rate 7%
$224,043
Cap Rate 9%
$174,256
Alternative Uses
Best Use
Specialty Retail
$224.0K
$196.0K – $261.4K
NOI $15,683 @ 7.0% cap · market cap 3.23%
Second Best
Retail
$172.9K
$151.3K – $201.8K
NOI $12,105 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$264.1K
$231.1K – $308.1K
NOI $18,484 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
63k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 38%
Groceries 15%
Home Improvements & Furnishings 8%
KFC
Dining
16,103 visits/mo
0.3 miles
Save-A-Lot
Groceries
9,450 visits/mo
0.4 miles
Chevron
Shops & Services
8,428 visits/mo
0.4 miles
East Coast Lumber & Supply
Home Improvements & Furnishings
5,168 visits/mo
0.1 miles
Dunkin' Donuts
Dining
4,784 visits/mo
0.0 miles
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coffee shop - Occupied café and bakery unit with direct building entry and one assigned parking space.
Where is this coffee shop located?
The property is located at 108b-130 S Indian River Dr Fort Pierce, FL.
What is the asking price?
The asking price for this property is $485,900.
What are key features of this property?
This property features: 1,050 SF retail unit; Currently occupied by a café and bakery; Primary entrance into the Renaissance Building
