Medical Office Condo with Exam
For Sale
Contact for pricing
1801 S 23rd Street # 3, Fort Pierce, FL 34950
A move-in-ready clinical suite has dedicated patient, administrative, laboratory, and staff areas.
Property Size1,734 SF
Price / SF$1.83
Days on Market187
Property Features for 1801 S 23rd Street # 3
General Information
Standard status
Active
Size
1,734 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$4,473
Building Details
Building Size
1,734 SF
Year Built
1988
Listing Agency:
Coldwell Banker Paradise
Listed By:
Hoyt C Murphy Jr. · License #186988
(772) 971-7424
Source:
Rennyrealty
Added: Apr 28
Changed: Oct 31
Last Checked: Oct 31 at 3:09AM
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 Coldwell Banker Paradise
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Investment Insights
Based on property information with market context.
This 1,734-square-foot medical office condominium was built in 1988 and is configured with four exam rooms, a generous waiting and reception area, private physician offices, a lab/prep area, a break room, and two bathrooms. A new 200-amp, three-phase breaker panel has been installed. The suite is described as move-in ready and was previously used as a pediatric practice.
The property is near Lawnwood Medical Center in Fort Pierce, a Level II Trauma Center with stroke and heart services. The condominium is offered for sale, with leasing and lease-option arrangements also noted.
The property is near Lawnwood Medical Center in Fort Pierce, a Level II Trauma Center with stroke and heart services. The condominium is offered for sale, with leasing and lease-option arrangements also noted.
Key Highlights
- 1,734‑square‑foot medical office condominium
- Four exam rooms, waiting and reception area, private physician offices, lab/prep space, and break room
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,911
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,220
$438.2K
Cap Rate 7%
$313,014
$313.0K
Cap Rate 9%
$243,456
$243.5K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$37.5K $21.60/SF
− Vacancy
−$8.2K −$4.75/SF
EGI
$29.2K $16.85/SF
− OpEx
−$7.3K −$4.21/SF
NOI
$21.9K $12.64/SF
Area
St. Lucie County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,220
Cap Rate 7%
$313,014
Cap Rate 9%
$243,456
Alternative Uses
Best Use
Healthcare Medical
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 738.13%
Second Best
Office B
$313.0K
$273.9K – $365.2K
NOI $21,911 @ 7.0% cap · market cap 689.24%
Theoretical Best
Office A
$436.1K
$381.6K – $508.8K
NOI $30,525 @ 7.0% cap · market cap 960.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
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 - A move-in-ready clinical suite has dedicated patient, administrative, laboratory, and staff areas.
Where is this medical office space located?
The property is located at 1801 S 23rd Street # 3 Fort Pierce, FL.
What are key features of this property?
This property features: 1,734‑square‑foot medical office condominium; Four exam rooms, waiting and reception area, private physician offices, lab/prep space, and break room; Two bathrooms
