Class A Office Suite with Impact
For Sale
Contact for pricing
130-171 S Indian River Dr, Fort Pierce, FL 34950
Fully built-out office suite zoned Central Commercial with three offices, boardroom, reception, and impact windows.
Property Size1,085 SF
Price / SF$391.71
Days on Market66
Property Features for 130-171 S Indian River Dr
General Information
Standard status
Active
Size
1,085 SF
Class
Class A
Property subtype
OFFICE
Zoning
Central Commercial
Listing Agency:
Bray Companies
(561) 510-2225
Listed By:
Ademil Castrillo · License #3491033
(772) 201-6212
Source:
Moodyscre
Added: Jul 10
Changed: Sep 13
Last Checked: Sep 13 at 5:59AM
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 Bray Companies
Investment Insights
Based on property information with market context.
Fully built-out Class A office suite offered as Suite 403, totaling 1,085 SF +/-. The space is arranged with three offices plus a boardroom, reception area, breakroom, and an admin office, providing a functional layout for professional teams.
The suite is zoned Central Commercial, supporting professional use. It also features impact windows.
This is a well-defined, plug-and-ready office environment with interior spaces organized for meetings, client-facing reception, and day-to-day administration.
The suite is zoned Central Commercial, supporting professional use. It also features impact windows.
This is a well-defined, plug-and-ready office environment with interior spaces organized for meetings, client-facing reception, and day-to-day administration.
Key Highlights
- Suite 403 fully built out office suite
- 1,085 SF +/-
- Class A office layout with three offices
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
$13,710
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%
$274,200
$274.2K
Cap Rate 7%
$195,857
$195.9K
Cap Rate 9%
$152,333
$152.3K
Market Conditions
NOI Build-Up for 1,085 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
$23.4K $21.60/SF
− Vacancy
−$5.2K −$4.75/SF
EGI
$18.3K $16.85/SF
− OpEx
−$4.6K −$4.21/SF
NOI
$13.7K $12.64/SF
Area
St. Lucie County, FL
Vacancy
22.00%
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%
$274,200
Cap Rate 7%
$195,857
Cap Rate 9%
$152,333
Alternative Uses
Best Use
Office B
$195.9K
$171.4K – $228.5K
NOI $13,710 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.9K
$238.8K – $318.3K
NOI $19,100 @ 7.0% cap · market cap 4.49%
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
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully built-out office suite zoned Central Commercial with three offices, boardroom, reception, and impact windows.
Where is this office units located?
The property is located at 130-171 S Indian River Dr Fort Pierce, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Suite 403 fully built out office suite; 1,085 SF +/-; Class A office layout with three offices
