Commercial Building with Left Turn
For Sale
$699,999
1531 Delaware Ave, Fort Pierce, FL 34950
4,760 SF commercial building on a 0.71-acre lot with left-in/left-out access and C-3 zoning.
Property Size4,760 SF
Lot Size0.71 Acres
Price / SF$147.06
Days on Market49
Property Features for 1531 Delaware Ave
General Information
Standard status
Active
Size
4,760 SF
Lot size
0.71 Acres
Property subtype
Retail
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
4,760 SF
Listing Agency:
SVN - Commercial Partners | Treasure Coast
Listed By:
Sam Zuker
(772) 202-5522
Source:
Svn
Added: Jul 27
Changed: Sep 11
Last Checked: Sep 12 at 5:25AM
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 SVN - Commercial Partners | Treasure Coast
Investment Insights
Based on property information with market context.
This for-sale commercial facility totals 4,760 square feet on a 0.71-acre lot, offered under C-3 Commercial General zoning. The site features high-visibility frontage on Delaware Ave with a dedicated left-in, left-out turn entrance, plus secondary rear access via an easement on S 15th Ct. Utility hookups are already in place through the Fort Pierce Utilities Authority (FPUA), including water, sewer, gas, and electric.
The configuration supports an owner-user in trades such as plumbers, electricians, and general contractors, with additional yard space for fleet parking and staging (approximately 0.38 acres of surplus land, per the remarks). The property is also positioned for potential redevelopment into high-density multifamily housing by leveraging Florida Senate Bill 102 (Live Local Act).
The configuration supports an owner-user in trades such as plumbers, electricians, and general contractors, with additional yard space for fleet parking and staging (approximately 0.38 acres of surplus land, per the remarks). The property is also positioned for potential redevelopment into high-density multifamily housing by leveraging Florida Senate Bill 102 (Live Local Act).
Key Highlights
- 4,760 SF commercial facility on a 0.71‑acre lot with high‑visibility frontage on Delaware Ave
- C‑3 Commercial General zoning plus versatile use potential for commercial development
- Dedicated left‑in, left‑out turn entrance on Delaware Ave for vehicle access
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
$54,878
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
7.84%
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%
$1,097,560
$1.1M
Cap Rate 7%
$783,971
$784.0K
Cap Rate 9%
$609,756
$609.8K
Market Conditions
NOI Build-Up for 4,760 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
$85.7K $18.00/SF
− Vacancy
−$7.3K −$1.53/SF
EGI
$78.4K $16.47/SF
− OpEx
−$23.5K −$4.94/SF
NOI
$54.9K $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%
$1,097,560
Cap Rate 7%
$783,971
Cap Rate 9%
$609,756
Alternative Uses
Best Use
Retail
$784.0K
$686.0K – $914.6K
NOI $54,878 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,795 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 41%
Electronics 3%
McDonald's
Dining
17,668 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,055 visits/mo
0.4 miles
Shell
Shops & Services
4,605 visits/mo
0.1 miles
Boost Mobile
Electronics
890 visits/mo
0.3 miles
TD Bank
Shops & Services
477 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 4,760 SF commercial building on a 0.71-acre lot with left-in/left-out access and C-3 zoning.
Where is this retail space located?
The property is located at 1531 Delaware Ave Fort Pierce, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 4,760 SF commercial facility on a 0.71‑acre lot with high‑visibility frontage on Delaware Ave; C‑3 Commercial General zoning plus versatile use potential for commercial development; Dedicated left‑in, left‑out turn entrance on Delaware Ave for vehicle access
