Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 S Us Highway 1 Fort Pierce, FL 34950

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr $15,040/Mo (calc)

    Office and flex spaces available in historic downtown Fort Pierce.

    Type:Office
    Property size:
    8,204 SF
    Added:
    Nov 21, 2025
    Days on Market:
    164
    Last Refresh:
    Dec 3 at 6:01 am

    Property Features for 500 S Us Highway 1

    General Information

    Standard status
    Active
    Size
    8,204 SF
    Property subtype
    Office

    Spaces For Lease

    at 500 S Us Highway 1 Contact us

    We can help!

    Listing Contact
    Reid Armor
    Reid Armor

    Listing agent Reid Armor License #FL #SL3328981

    Listing office NAI Southcoast

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Southcoast

    Overview

    Prime Fort Pierce Commercial Spaces

    This commercial property is located along South Federal Highway (US-1) in historic downtown Fort Pierce, offering visibility and accessibility. Leasing options include office and flex warehouse space. The first-floor office space at 500 S US Highway 1 features a reception area, 8 private offices, a kitchenette, and a large conference room. The flex unit at 503 S 3rd Street, set back from US-1, is located at the northernmost end cap. This unit includes a 12x14’ roll-up door, a bathroom, warehouse space at the rear with 20’ ceilings, and a front-facing office or retail space. The property is located at the corner of US-1 and Delaware Ave. Available spaces include a ±2,292 SF first-floor office and a ±980 SF flex space. The traffic count is 31,500 vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dvorkin Eileen DC Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -80.325576
    Latitude
    27.443014

    Nearby Similar for Lease

    • $6,000/Mo

      Fort Pierce Freestanding Office Space

      Freestanding office space in Fort Pierce, ideal for diverse businesses.
      706 N 7th Street, Fort Pierce, FL 34950
      View Details
    • $5,000/Mo

      Versatile Facility in Fort Pierce

      Adaptable 4,028 SF space ideal for various uses.
      2525 S 25th Street, Fort Pierce, FL 34981
      View Details
    • $2,210/Mo

      Prime Highway Frontage Office Space

      Professional office space for lease on US Hwy 1.
      500 S Us Highway 1, Fort Pierce, FL 34950
      View Details
    • $4,500/Mo

      Remodeled Commercial Building with Parking

      Freestanding 2,000 sq ft building with parking in Fort Pierce.
      3801 Okeechobee Road, Fort Pierce, FL 34947
      View Details
    • $995/Mo

      Office/Warehouse Flex Space For Lease

      980 SF office/warehouse with mezzanine and private bathroom.
      515 S 3rd Street, Fort Pierce, FL 34950
      View Details
    • $1,100/Mo

      Ocean View Office Suite

      Second-floor office suite with ocean views available for lease.
      221 S Ocean Drive, Fort Pierce, FL 34949
      View Details
    • $10,000/Mo

      Commercial Property on US Highway 1

      4-acre commercial property with 6,000 SF building space for lease.
      3535 Old Dixie Highway, Fort Pierce, FL 34946
      View Details
    • $17 SF/Yr

      Landmark Office Building in Fort Pierce

      5,400 sq ft office space available for lease.
      2222 Colonial Road, Fort Pierce, FL 34950
      View Details
    • $18 SF/Yr

      Fort Pierce Commercial Rental Space

      2,400 SF commercial space with office and warehouse.
      405 Angle Road, Fort Pierce, FL 34947
      View Details
    • $1,500/Mo

      Office with Marina View

      Office space for rent with marina view and parking.
      2010 Harbortown Drive, Fort Pierce, FL 34946
      View Details
    • $1,000/Mo

      Office Space in Harbortown Marina

      Office space for rent in Fort Pierce, approximately 300sqft.
      2010 Harbortown W, Fort Pierce, FL 34946
      View Details
    • Contact for pricing

      Versatile Facility for Lease

      4,028 SF building ideal for school or office use.
      2525 S 25th St, Fort Pierce, FL 34981
      View Details

    FAQs

    What type of property is this?
    Office units - Office and flex spaces available in historic downtown Fort Pierce.
    Where is this office units located?
    The property is located at 500 S Us Highway 1 Fort Pierce, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on South Federal Highway (US‑1) with 31,500 vehicles traffic count.; Two leasing options: ±2,292 SF first‑floor office space and ±980 SF flex space.; Office space features a reception area, 8 private offices, a kitchenette, and a large conference room.
    (772) 631-4248
    We can help!
    Listing Contact
    Reid Armor
    Reid Armor
    Real Estate License ID: FL #SL3328981
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    500 S Us Highway 1, Fort Pierce, FL 34950

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!