Two-Unit Residential Income
For Sale
$279,000
1109 Colonial Road Unit A & B, Fort Pierce, FL 34950
Duplex for sale featuring two residential units at 1109 Colonial Road, Unit A and Unit B.
Property Size1,600 SF
Price / SF$174.38
Days on Market23
Property Features for 1109 Colonial Road Unit A & B
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Amenities
Acres: 0.17, Square Feet: 7500, Features: Less Than 1/4 Acre Lot, Less Than 1 Acre
Roof: Comp Shingle Roof, Flat Tile, Flat Roof With Facade Front, Shingle
Sewer: Public Sewer, Public Sanitation, Sewer
Parcel Number: 241560103890005, Tax Annual Amount: $5,220, Tax Legal Description: PINEWOOD S/D BLK 25 LOT 9, Tax Year: 2025
Flooring: Tile, Wood
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Heating: None
Number Of Units Total: 2, Standard Status: Active
Living Area: 1600, Architectural Style: Twin Home, Half Duplex, One Story, Twin Homes, Construction Materials: CBS Construction, Stucco, Levels: 1, Stories: 1, Year Built: 1925, Year Built Details: Resale, Building Area Total: 1792, Structure Type: Duplex
County Or Parish: St Lucie County, MLS Area Major: Pinewood Subdivision, Subdivision Name: PINEWOOD SUBDIVISION, Unit Number: A & B
Leasable Area Units: Square Feet, Property Attached, View, View: Garden
Features: Paved Road, Units In Community: 2
Utilities: Electricity Available, Sewer Available, Water Available
Other Structures: Utility Room Outside
Water Source: Public
Road Frontage Type: Paved Road, Road Surface Type: Paved Road, Paved
Features: None, Patio/Porch: Patio
Building Details
Year Built
1925
Listing Agency:
Rook Realty LLC
(561) 699-8720
Listed By:
Stacey Rook · License #3085829
(561) 699-8720
Source:
Riserealty
Added: Jul 22
Changed: Aug 12
Last Checked: Aug 12 at 5:37AM
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 Rook Realty LLC
Investment Insights
Based on property information with market context.
This for-sale residential income duplex is configured as two units, Unit A and Unit B, under one property address. The property totals 1,600 square feet.
The duplex is located at 1109 Colonial Road, Unit A & B, in Fort Pierce, Florida 34950. The listing includes the full address for the combined A and B units.
Offered as a single duplex property for buyers seeking a two-unit residential income setup.
The duplex is located at 1109 Colonial Road, Unit A & B, in Fort Pierce, Florida 34950. The listing includes the full address for the combined A and B units.
Offered as a single duplex property for buyers seeking a two-unit residential income setup.
Key Highlights
- Duplex with 2 residential units at 1109 Colonial Road (Unit A and Unit B)
- Built in 1925
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
$23,496
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
8.42%
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%
$469,920
$469.9K
Cap Rate 7%
$335,657
$335.7K
Cap Rate 9%
$261,067
$261.1K
Market Conditions
NOI Build-Up for 1,600 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
$35.5K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$33.6K $20.98/SF
− OpEx
−$10.1K −$6.29/SF
NOI
$23.5K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$469,920
Cap Rate 7%
$335,657
Cap Rate 9%
$261,067
Alternative Uses
Best Use
Multifamily LT 5
$335.7K
$293.7K – $391.6K
NOI $23,496 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$311.6K
$272.7K – $363.6K
NOI $21,815 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale featuring two residential units at 1109 Colonial Road, Unit A and Unit B.
Where is this duplex located?
The property is located at 1109 Colonial Road Unit A & B Fort Pierce, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Duplex with 2 residential units at 1109 Colonial Road (Unit A and Unit B); Built in 1925
