Block Storefront with New Metal
For Sale
$215,000
1901 Orange Avenue, Fort Pierce, FL 34950
Commercial Sale, Fort Pierce, FL
Property Size1,155 SF
Lot Size0.10 Acres
Price / SF$186.15
Days on Market451
Property Features for 1901 Orange Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
Gen Comm
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
8
Fencing
Privacy
Lot features
Corner Lot, Sidewalks
Directions
From I-95, east on Orange Ave. Property on the SW corner of Orange and 19th St.
Subdivision
7080
Standard status
Active
APN
240970200010003
Size
1,155 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
REVISED PLAT OF BAKERS S/D BLK 1LOT 1-LESS N 15 FT FOR ST AND LESS 62 FT-
Tax Annual Amount
2774
Legal Description
REVISED PLAT OF BAKERS S/D BLK 1LOT 1-LESS N 15 FT FOR ST AND LESS 62 FT-
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Block, CBS, Concrete
Roof type
Metal
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
April Newhart · License #3292953
(561) 222-5173
Added: Jun 20, 2025
Changed: Sep 11
Last Checked: Sep 13 at 2:06PM
MLS# R11101164
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 1,155-square-foot storefront property occupies a 0.1-acre site at 1901 Orange Avenue in Fort Pierce. Built in 1951, the block, CBS, and concrete structure includes tile flooring, one bathroom, privacy fencing, and a new metal roof. Side parking is supplemented by additional spaces at the rear.
The property is positioned along Orange Avenue, near Downtown Fort Pierce and the Waterway. Access to the I-95 and Florida’s Turnpike corridor is also nearby. The site carries Gen Comm zoning and is served by public water and public sewer.
The property is positioned along Orange Avenue, near Downtown Fort Pierce and the Waterway. Access to the I-95 and Florida’s Turnpike corridor is also nearby. The site carries Gen Comm zoning and is served by public water and public sewer.
Key Highlights
- 1,155 SF storefront property on a 0.1‑acre site
- New metal roof on a block, CBS, and concrete building
- Side parking plus additional parking at the rear
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
$13,316
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
6.19%
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%
$266,320
$266.3K
Cap Rate 7%
$190,229
$190.2K
Cap Rate 9%
$147,956
$148.0K
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
$20.8K $18.00/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$19.0K $16.47/SF
− OpEx
−$5.7K −$4.94/SF
NOI
$13.3K $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%
$266,320
Cap Rate 7%
$190,229
Cap Rate 9%
$147,956
Alternative Uses
Best Use
Retail
$190.2K
$166.5K – $221.9K
NOI $13,316 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
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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Current Use
Lease Details
Yes
Highway access
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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Frequently Asked Questions
What type of property is this?
Storefront property - Gen Comm-zoned storefront with side and rear parking, tile flooring, and public water and sewer service.
Where is this storefront property 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: 1,155 SF storefront property on a 0.1‑acre site; New metal roof on a block, CBS, and concrete building; Side parking plus additional parking at the rear
