Prime Retail Opportunity in
For Sale
$950,000
1529 Avenue D, Fort Pierce, FL 34950
Versatile storefront in Fort Pierce, ideal for retail ventures.
Property Size5,209 SF
Days on Market92
Property Features for 1529 Avenue D
General Information
Standard status
Active
Size
5,209 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
5,209 SF
Year Built
1990
Listing Agency:
Vaaler Commercial Real Estate
(703) 779-2500
Listed By:
Rich Vaaler · License #0225198687
Source:
Commercialcafe
Added: May 14
Changed: Aug 8
Last Checked: Aug 8 at 7:28AM
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 Vaaler Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in Fort Pierce, Florida, the property at 1529 Avenue D presents an exceptional retail opportunity. The surrounding area offers a vibrant mix of attractions, including proximity to the historic downtown district with its charming shops and restaurants. Nearby cultural attractions include the A.E. Backus Museum and Gallery. The Fort Pierce Inlet provides a picturesque setting. The property features a versatile storefront configuration suitable for high-visibility merchandising or service operations. It offers a welcoming presence with expansive glazing and a refined façade. The interior space features open layouts adaptable for a range of tenant improvements, supported by practical back-of-house areas, restrooms, and storage capabilities. Ample parking and clear access points enhance customer convenience, while durable finishes ensure low-maintenance ownership. This well-situated asset meets the demands of a retail investor seeking strong functional appeal and long-term value. The property holds promise for retail and street retail ventures.
Key Highlights
- Exceptional retail opportunity in the Treasure Coast market, Fort Pierce, FL.
- Versatile storefront configuration tailored for high‑visibility merchandising or service operations.
- Open interior layouts adaptable for a range of tenant improvements.
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
$60,055
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
6.32%
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%
$1,201,100
$1.2M
Cap Rate 7%
$857,929
$857.9K
Cap Rate 9%
$667,278
$667.3K
Market Conditions
NOI Build-Up for 5,209 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
$93.8K $18.00/SF
− Vacancy
−$8.0K −$1.53/SF
EGI
$85.8K $16.47/SF
− OpEx
−$25.7K −$4.94/SF
NOI
$60.1K $11.53/SF
Area
St. Lucie County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,201,100
Cap Rate 7%
$857,929
Cap Rate 9%
$667,278
Alternative Uses
Best Use
Retail
$857.9K
$750.7K – $1.00M
NOI $60,055 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,699 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Electronics 18%
Family Dollar
Shops & Services
8,055 visits/mo
0.3 miles
Boost Mobile
Electronics
890 visits/mo
0.4 miles
Boost Mobile
Electronics
829 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers Susan Washington — 1524 Ave D, Fort Pierce, FL 34950
Frequently Asked Questions
What type of property is this?
Storefront property - Versatile storefront in Fort Pierce, ideal for retail ventures.
Where is this storefront property located?
The property is located at 1529 Avenue D Fort Pierce, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Exceptional retail opportunity in the Treasure Coast market, Fort Pierce, FL.; Versatile storefront configuration tailored for high‑visibility merchandising or service operations.; Open interior layouts adaptable for a range of tenant improvements.
