1311 Emerald Terrace Fort Pierce, FL 34950
Four separate units, built in 2009, with impact glass and ample parking for guest vehicles and trailers.
- Added:
- May 15, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 20 at 4:23 am
Property Features for 1311 Emerald Terrace
General Information
- Standard status
- Active
- Size
- 3,829 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2009
Listing office Partnership Realty Inc.
Listing date May 15, 2026
Source Crexi
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 Partnership Realty Inc.
Investment Insights
Based on property information with market context.
Located in Fort Pierce, the property is described as about 15 minutes from the planned Koa Bay community, a 204-acre surf park and lagoon development expected to bring recreation, dining, and entertainment to the area. Parking is provided on-site with enough space to accommodate guests, boats, and trailers.
This setup can fit a range of buyers and operators looking for a self-contained, multi-unit property with more than one unit type. The mix of two bedrooms in the 2/1 units and studio layouts can support different household needs under one roof. With four independent units and the compound-style configuration, the property may also appeal to buyers planning for multi-generational living where separate living spaces are desirable.
Key Highlights
- Four separate units built in 2009
- Unit mix: two 2/1 units and two studios
- Impact glass windows throughout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.0k | $22.20 |
| − Vacancy | −$4.7k | −$1.22 |
| EGI | $80.3k | $20.98 |
| − OpEx | −$24.1k | −$6.29 |
| NOI | $56.2k | $14.69 |
