Freestanding Retail
For Sale
$90,000
1806 AVENUE D, Fort Pierce, FL 34950
Renovated building with an open lot, on-site parking, and usable outdoor space.
Property Size566 SF
Price / SF$159.01
Days on Market11
Property Features for 1806 AVENUE D
General Information
Standard status
Active
Size
566 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$892
Amenities
Central air
Ceramic Tile Flooring
Common
Flat Roof
Free Parking
On Street
Wall Window Units Cooling
Building Details
Year Built
1965
Year Renovated
2019
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY/P B
Listed By:
THOMAS SINNER · License #B26058413
Source:
Corcoran
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 8 at 8:12AM
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 KELLER WILLIAMS REALTY/P B
Investment Insights
Based on property information with market context.
This freestanding 566-square-foot retail building in Fort Pierce was constructed in 1965 and renovated in 2019. The property includes a large open lot that supports on-site parking and outdoor space use, providing more flexibility than the building footprint alone.
The space is positioned for small-scale retail and similar commercial operations, including salons, barbershops, tax offices, stores, and studios. A previous long-term tenant vacated following zoning enforcement, making zoning review an important consideration for the next occupant or owner.
The space is positioned for small-scale retail and similar commercial operations, including salons, barbershops, tax offices, stores, and studios. A previous long-term tenant vacated following zoning enforcement, making zoning review an important consideration for the next occupant or owner.
Key Highlights
- 566‑square‑foot freestanding retail building
- Renovated in 2019
- Constructed in 1965
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
$6,525
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
7.25%
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%
$130,500
$130.5K
Cap Rate 7%
$93,214
$93.2K
Cap Rate 9%
$72,500
$72.5K
Market Conditions
NOI Build-Up for 566 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
$10.2K $18.00/SF
− Vacancy
−$866 −$1.53/SF
EGI
$9.3K $16.47/SF
− OpEx
−$2.8K −$4.94/SF
NOI
$6.5K $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%
$130,500
Cap Rate 7%
$93,214
Cap Rate 9%
$72,500
Alternative Uses
Best Use
Retail
$93.2K
$81.6K – $108.8K
NOI $6,525 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$142.3K
$124.6K – $166.1K
NOI $9,964 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Electronics 18%
Family Dollar
Shops & Services
8,055 visits/mo
0.3 miles
Boost Mobile
Electronics
890 visits/mo
0.4 miles
Boost Mobile
Electronics
829 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers Susan Washington — 1524 Ave D, Fort Pierce, FL 34950
Frequently Asked Questions
What type of property is this?
Storefront property - Renovated building with an open lot, on-site parking, and usable outdoor space.
Where is this storefront property located?
The property is located at 1806 AVENUE D Fort Pierce, FL.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: 566‑square‑foot freestanding retail building; Renovated in 2019; Constructed in 1965
