Mixed-Use Investment
For Sale
$450,000
1710 Ave E, Fort Pierce, FL 34950
Mixed-use property with commercial storefronts and residential units.
Property Size1,952 SF
Days on Market111
Property Features for 1710 Ave E
General Information
Standard status
Active
Size
1,952 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,576
Building Details
Building Size
1,952 SF
Year Built
1957
Stories
1
Units
3
Listing Agency:
(772) 979-2585
Listed By:
Tishunda Tullis
(772) 979-2585
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 12 at 8:29AM
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 Tishunda Tullis
Investment Insights
Based on property information with market context.
This property presents a value-add investment opportunity with mixed-use potential. It features two commercial storefronts and two residential units, consisting of a 2-bedroom apartment and an efficiency, offering multiple income streams. Renovation has commenced, including a new roof on the apartments and new wall framing. Impact windows are included with the sale but are not yet installed. This property is suitable for investors interested in redevelopment, rental income, or a mixed-use income property. The property has a bike score of 57, indicating it is bikeable, and a walk score of 35, suggesting car dependence. Note that this property must be purchased with a second parcel.
Key Highlights
- Multiple Income Streams: Features two commercial storefronts and two residential units.
- Value‑Add Investment: Presents a redevelopment or rental income opportunity.
- Renovation Started: Includes a new roof on apartments and new wall framing.
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
$28,666
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
6.37%
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%
$573,320
$573.3K
Cap Rate 7%
$409,514
$409.5K
Cap Rate 9%
$318,511
$318.5K
Market Conditions
NOI Build-Up for 1,952 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
$43.3K $22.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$41.0K $20.98/SF
− OpEx
−$12.3K −$6.29/SF
NOI
$28.7K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /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%
$573,320
Cap Rate 7%
$409,514
Cap Rate 9%
$318,511
Alternative Uses
Best Use
Multifamily LT 5
$409.5K
$358.3K – $477.8K
NOI $28,666 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$490.9K
$429.5K – $572.7K
NOI $34,363 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,294
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial storefronts and residential units.
Where is this mixed-use property located?
The property is located at 1710 Ave E Fort Pierce, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Multiple Income Streams: Features two commercial storefronts and two residential units.; Value‑Add Investment: Presents a redevelopment or rental income opportunity.; Renovation Started: Includes a new roof on apartments and new wall framing.
