Commercial Land with Restaurant
New
For Sale
$780,000
13490 Orange Ave, Fort Pierce, FL 34945
General Commercial-zoned property combines an operating-format restaurant facility with land for additional commercial improvements.
Property Size2,836 SF
Price / SF$275.04
Days on Market7
Property Features for 13490 Orange Ave
General Information
Standard status
Active
Size
2,836 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$3,995
Amenities
3
Building Details
Year Built
1982
Listing Agency:
(305) 290-3731
Listed By:
Tejeda Real Estate
(305) 898-0176
Source:
Xome
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 9 at 5:32AM
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 Tejeda Real Estate
Investment Insights
Based on property information with market context.
This General Commercial property encompasses approximately 1.15 acres and includes a 1,960-square-foot restaurant building constructed in 1982. Existing improvements include a full commercial kitchen, bar, large walk-in freezer, and an industrial water system. The building can remain configured for restaurant use or be adapted to another commercial concept, subject to applicable zoning and approvals.
Potential uses identified for the site include a convenience store, farmers market, gas station, or storage facility. The property is at 13490 Orange Avenue in Fort Pierce, Florida. Environmental excavation and remediation work has been completed, and the property is currently in the monitoring stage; supporting documentation may be available to prospective buyers as applicable.
Potential uses identified for the site include a convenience store, farmers market, gas station, or storage facility. The property is at 13490 Orange Avenue in Fort Pierce, Florida. Environmental excavation and remediation work has been completed, and the property is currently in the monitoring stage; supporting documentation may be available to prospective buyers as applicable.
Key Highlights
- Approximately 1.15 acres of General Commercial land
- Existing 1,960 sq. ft. restaurant building
- Full commercial kitchen, bar, and large walk‑in freezer
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
$42,360
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
5.43%
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%
$847,200
$847.2K
Cap Rate 7%
$605,143
$605.1K
Cap Rate 9%
$470,667
$470.7K
Market Conditions
NOI Build-Up for 2,836 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
$61.3K $21.60/SF
− Vacancy
−$4.8K −$1.68/SF
EGI
$56.5K $19.92/SF
− OpEx
−$14.1K −$4.98/SF
NOI
$42.4K $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%
$847,200
Cap Rate 7%
$605,143
Cap Rate 9%
$470,667
Alternative Uses
Best Use
Specialty Retail
$605.1K
$529.5K – $706.0K
NOI $42,360 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$713.2K
$624.1K – $832.1K
NOI $49,925 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 34945, FL
5,831
Population
2,026
Households
2.9
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
217.4 sq mi
ZIP Area
27
Density / Sq Mi
$72,941
Median Household Income
$36,180
Median Earnings
$747
Median Rent
$285,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - General Commercial-zoned property combines an operating-format restaurant facility with land for additional commercial improvements.
Where is this commercial land located?
The property is located at 13490 Orange Ave Fort Pierce, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Approximately 1.15 acres of General Commercial land; Existing 1,960 sq. ft. restaurant building; Full commercial kitchen, bar, and large walk‑in freezer
