Two-Building Fully Leased Medical
For Sale
$1,900,000
1803 & 1805 S 25th Street, Fort Pierce, FL
Commercial Sale, Fort Pierce, FL
Property Size9,560 SF
Lot Size0.96 Acres
Price / SF$198.74
Days on Market117
Property Features for 1803 & 1805 S 25th Street
General Information
Property type
Residential
Property subtype
Office
Zoning
Office/Comm/Med
Parking
52
Parking features
Guest
Lot features
Corner Lot, Sidewalks
Directions
3 blocks north of Virginia Avenue on the West side of 25th Street at Quincy Avenue. Near Lawnwood Regional Medical Center.
Subdivision
7080
Standard status
Active
APN
241780300751008
Size
9,560 SF
Lot size
0.96 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNRISE TERRACE BLK 4 LOTS 1, 2, 3, 4, 5 AND 6 AND N 4 FT LOTS 7 AND 8-LESS E 10 FT AND LESS- 2 Legals see PASLC
Tax Annual Amount
37082
Legal Description
SUNRISE TERRACE BLK 4 LOTS 1, 2, 3, 4, 5 AND 6 AND N 4 FT LOTS 7 AND 8-LESS E 10 FT AND LESS- 2 Legals see PASLC
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
7
Flooring type
Laminate
Building materials
Block, CBS
Roof type
Metal
Listing Agency:
Coastal Breeze Realty Corp
(772) 380-9000
Listed By:
Mary Ann Zuver · License #3247706
(772) 216-4717
Added: May 4
Changed: Aug 19
Last Checked: Aug 28 at 1:06AM
MLS# B26023703
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.
This for-sale income property includes two separate buildings with seven fully leased medical and office units in total. The combined leased space is 9,560 square feet, and the property is described as well-maintained with some renovated units. Zoning is listed as Office/Comm/Med, supporting a mix of medical and office suite use.
The buildings are positioned in a high-visibility setting near Lawnwood Regional Medical Center and the Regional Medical Trauma Center. The property has excellent signage on a high-traffic road, and it is offered as a turnkey, completely occupied asset.
The buildings are positioned in a high-visibility setting near Lawnwood Regional Medical Center and the Regional Medical Trauma Center. The property has excellent signage on a high-traffic road, and it is offered as a turnkey, completely occupied asset.
Key Highlights
- Two separate buildings with 14 fully leased units (medical and office suites) totaling 9,560 sq ft of leased space
- Nearly an acre property minutes from Lawnwood Regional Medical Center and near the Regional Medical Trauma Center
- Built in 1980 with block/CBS construction and a metal roof
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
$129,370
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
6.81%
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%
$2,587,400
$2.6M
Cap Rate 7%
$1,848,143
$1.8M
Cap Rate 9%
$1,437,444
$1.4M
Market Conditions
NOI Build-Up for 9,560 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
$240.9K $25.20/SF
− Vacancy
−$25.3K −$2.65/SF
EGI
$215.6K $22.55/SF
− OpEx
−$86.2K −$9.02/SF
NOI
$129.4K $13.53/SF
Area
St. Lucie County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$2,587,400
Cap Rate 7%
$1,848,143
Cap Rate 9%
$1,437,444
Alternative Uses
Best Use
Healthcare Medical
$1.85M
$1.62M – $2.16M
NOI $129,370 @ 7.0% cap · market cap 6.81%
Second Best
Office B
$1.73M
$1.51M – $2.01M
NOI $120,800 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,294 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two separate buildings total seven leased office/medical units on nearly an acre, with excellent signage.
Where is this office units located?
The property is located at 1803 & 1805 S 25th Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two separate buildings with 14 fully leased units (medical and office suites) totaling 9,560 sq ft of leased space; Nearly an acre property minutes from Lawnwood Regional Medical Center and near the Regional Medical Trauma Center; Built in 1980 with block/CBS construction and a metal roof
