Freestanding Office Building with
New
For Sale
$2,250,000
1505 Orange Avenue, Fort Pierce, FL 34950
Standalone office facility with adaptable interior areas, a screened lanai, and additional land for future site improvements.
Property Size11,534 SF
Days on Market7
Property Features for 1505 Orange Avenue
General Information
Standard status
Active
Size
11,534 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$1,138
Building Details
Building Size
11,534 SF
Year Built
1953
Listing Agency:
Equity Florida Treasure Coast LLC
Listed By:
Trajje Etienne · License #3519925
(305) 951-9986
Source:
Meyerlucas
Added: Sep 20
Changed: Sep 25
Last Checked: Sep 24 at 3:52PM
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 Equity Florida Treasure Coast LLC
Investment Insights
Based on property information with market context.
This freestanding office building contains over 11,000 square feet and offers a single-occupant layout that can be adapted for multiple suites. The interior includes a large multipurpose room, food-preparation kitchen, several bathrooms, and a range of flexible work areas. Updates have been completed during the ownership period, and the property includes a covered lobby entrance and screened lanai.
The site is located on Orange Avenue, 1 mile from US-1 and 3.3 miles from I-95. Outdoor features include a wooded area with sidewalks through The Wandering Garden. Additional land provides room for building additions or expansion of the parking area.
The site is located on Orange Avenue, 1 mile from US-1 and 3.3 miles from I-95. Outdoor features include a wooded area with sidewalks through The Wandering Garden. Additional land provides room for building additions or expansion of the parking area.
Key Highlights
- Over 11,000 square feet in a freestanding office/medical facility
- Single‑unit layout with potential for subdivision into suites
- 1 mile from US‑1 and 3.3 miles from I‑95
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
$156,083
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
6.94%
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%
$3,121,660
$3.1M
Cap Rate 7%
$2,229,757
$2.2M
Cap Rate 9%
$1,734,256
$1.7M
Market Conditions
NOI Build-Up for 11,534 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
$290.7K $25.20/SF
− Vacancy
−$30.5K −$2.65/SF
EGI
$260.1K $22.55/SF
− OpEx
−$104.1K −$9.02/SF
NOI
$156.1K $13.53/SF
Area
St. Lucie County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$3,121,660
Cap Rate 7%
$2,229,757
Cap Rate 9%
$1,734,256
Alternative Uses
Best Use
Healthcare Medical
$2.23M
$1.95M – $2.60M
NOI $156,083 @ 7.0% cap · market cap 6.94%
Second Best
Office B
$2.08M
$1.82M – $2.43M
NOI $145,744 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $203,045 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
755
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Standalone office facility with adaptable interior areas, a screened lanai, and additional land for future site improvements.
Where is this office building located?
The property is located at 1505 Orange Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Over 11,000 square feet in a freestanding office/medical facility; Single‑unit layout with potential for subdivision into suites; 1 mile from US‑1 and 3.3 miles from I‑95
