Leased Retail Grocery
For Sale
$215,000
1901 Orange Avenue, Fort Pierce, FL 34950
Own a leased retail grocery property with side and rear parking along a major Fort Pierce thoroughfare.
Property Size1,155 SF
Price / SF$186.15
Days on Market419
Property Features for 1901 Orange Avenue
General Information
Standard status
Active
Size
1,155 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Cap Rate
8%
Taxes and HOA fees
Annual Taxes
$2,774
Amenities
Metal Roof
Tile Flooring
Building Details
Year Built
1951
Tenancy
Single
Listing Agency:
LPT REALTY, LLC
Listed By:
APRIL NEWHART · License #R11101164
(561) 222-5173
Source:
Corcoran
Added: Jul 25, 2025
Changed: Sep 15
Last Checked: Sep 15 at 7:26AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This retail building is currently leased by a specialty grocer and includes approximately 1,100 square feet of interior space. A brand new metal roof has been installed. The property also offers side parking and additional parking spaces in the rear, supporting convenient customer access.
The site is positioned along Orange Avenue, one of Fort Pierce’s main thoroughfares, just minutes from Downtown and the Waterway. It is also located near the I-95/Turnpike corridor, which supports convenient regional access.
For buyers seeking an income-producing retail asset, the building is available for purchase with the existing lease in place. The current lease has approximately 3 years remaining and is referenced at an approximate 8% cap rate in the seller’s remarks. The combination of a secured tenant, updated roofing, and on-site parking makes this property a practical option for an operator or investor considering retail ownership along a high-visibility corridor.
The site is positioned along Orange Avenue, one of Fort Pierce’s main thoroughfares, just minutes from Downtown and the Waterway. It is also located near the I-95/Turnpike corridor, which supports convenient regional access.
For buyers seeking an income-producing retail asset, the building is available for purchase with the existing lease in place. The current lease has approximately 3 years remaining and is referenced at an approximate 8% cap rate in the seller’s remarks. The combination of a secured tenant, updated roofing, and on-site parking makes this property a practical option for an operator or investor considering retail ownership along a high-visibility corridor.
Key Highlights
- Leased specialty grocer retail property along Orange Avenue in Fort Pierce
- Approximately 1,100 sq ft interior space
- Side parking plus additional rear parking spaces
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
$17,252
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
8.02%
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%
$345,040
$345.0K
Cap Rate 7%
$246,457
$246.5K
Cap Rate 9%
$191,689
$191.7K
Market Conditions
NOI Build-Up for 1,155 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
$24.9K $21.60/SF
− Vacancy
−$1.9K −$1.68/SF
EGI
$23.0K $19.92/SF
− OpEx
−$5.8K −$4.98/SF
NOI
$17.3K $14.94/SF
Area
St. Lucie County, FL
Vacancy
7.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$345,040
Cap Rate 7%
$246,457
Cap Rate 9%
$191,689
Alternative Uses
Best Use
Specialty Retail
$246.5K
$215.7K – $287.5K
NOI $17,252 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$190.2K
$166.5K – $221.9K
NOI $13,316 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$290.5K
$254.2K – $338.9K
NOI $20,333 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 36%
Electronics 6%
McDonald's
Dining
17,668 visits/mo
0.3 miles
7-Eleven
Shops & Services
15,777 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,055 visits/mo
0.1 miles
Sunoco
Shops & Services
6,628 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
6,490 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- House of Meat Supermarket — 202 N 25th St, Fort Pierce, FL 34947
- Wester unión — 740 Orange Ave, Fort Pierce, FL 34950
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Own a leased retail grocery property with side and rear parking along a major Fort Pierce thoroughfare.
Where is this grocery and convenience store located?
The property is located at 1901 Orange Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Leased specialty grocer retail property along Orange Avenue in Fort Pierce; Approximately 1,100 sq ft interior space; Side parking plus additional rear parking spaces
