Medical Office Condo with Exam
1801 S 23rd Street Fort Pierce, FL
For Sale
$399,500
SINGLE_FAMILY - Fort Pierce, FL
Property Size1,734 SF
Price / SF$230.39
Days on Market96
Property Features for 1801 S 23rd Street
General Information
Property type
Residential
Property subtype
Office
Zoning
PROFESSIONAL
Parking
80
Standard status
Active
APN
241670100030006
Size
1,734 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
FORT PIERCE MEDICAL CENTER CONDOMINIUM UNIT 3
Tax Annual Amount
4474
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Building materials
Concrete Block - With Stucco
Roof type
Rolled Hot Mop
Listing Agency:
Coldwell Banker Paradise
(772) 461-3250
Listed By:
Hoyt C Murphy Jr. · License #186988
(772) 971-7424
Added: Apr 24
Changed: Jul 25
Last Checked: Jul 28 at 5:06PM
MLS# B26020306
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Move-in ready medical office condo offering 1,734 square feet of clinical office space. The layout includes four exam rooms, a large waiting and receptionist area, private doctors’ offices, a lab/prep area, a break room, and two bathrooms. A new 200-amp 3-phase break panel has been installed.
The property is zoned PROFESSIONAL and is located near Lawnwood Medical Center, described as a Level II Trauma Center with a Stroke Center and Heart Institute.
This condo is configured as established medical space and is noted as being suitable for a pediatric practice, with prior pediatric use referenced in the remarks.
The property is zoned PROFESSIONAL and is located near Lawnwood Medical Center, described as a Level II Trauma Center with a Stroke Center and Heart Institute.
This condo is configured as established medical space and is noted as being suitable for a pediatric practice, with prior pediatric use referenced in the remarks.
Key Highlights
- Move‑in ready medical office condo with 1,734 sq ft.
- Located near Lawnwood Medical Center (Level II Trauma Center, Stroke Center, and Heart Institute).
- Features 4 exam rooms, large waiting area, receptionist area, private doctor's office, lab/prep area, break room, and 2 bathrooms.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $25.20 |
| − Vacancy | −$4.6k | −$2.65 |
| EGI | $39.1k | $22.55 |
| − OpEx | −$15.6k | −$9.02 |
| NOI | $23.5k | $13.53 |
1,734 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 5.87%
Second Best
Office B
$313.0K
$273.9K – $365.2K
NOI $21,911 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$436.1K
$381.6K – $508.8K
NOI $30,525 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Animal Clinic of Fort Pierce: Cathy Scott, DVM — 2508 okeechobee rd, fort pierce, fl 34947
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical office condo with four exam rooms, private doctor offices, and on-site lab/prep area.
Where is this medical office space located?
The property is located at 1801 S 23rd Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Move‑in ready medical office condo with 1,734 sq ft.; Located near Lawnwood Medical Center (Level II Trauma Center, Stroke Center, and Heart Institute).; Features 4 exam rooms, large waiting area, receptionist area, private doctor's office, lab/prep area, break room, and 2 bathrooms.
