Freestanding Medical Office
For Sale
$625,000
1912 Nebraska Avenue, Fort Pierce, FL 34950
Commercial Sale, Fort Pierce, FL
Property Size2,100 SF
Price / SF$297.62
Days on Market333
Property Features for 1912 Nebraska Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
Co Office
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Subdivision
7080
Standard status
Active
APN
241660600120000
Size
2,100 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LAWNWOOD PHYSICIANS CENTER UNIT 12
Tax Annual Amount
4487
Legal Description
LAWNWOOD PHYSICIANS CENTER UNIT 12
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
1
Number of units
1
Flooring type
Linoleum, Carpet
Building materials
Frame
Roof type
Composition
Listing Agency:
Coldwell Banker Paradise · Coldwell Banker Real Estate
(772) 461-3250
Listed By:
Thomas Rouse · License #3444171
(772) 201-5902
Added: Oct 27, 2025
Changed: Sep 21
Last Checked: Sep 24 at 6:06AM
MLS# R11136378
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 freestanding medical office building contains 2,100 square feet with three exam rooms, four bathrooms, two offices, a reception area, workstations, storage, and separate employee and doctor break rooms. The doctor’s bathroom includes a full shower. Linoleum and carpet flooring, central heating, and central air support the existing office layout. The HVAC system was replaced on 12/28/21, and the exterior was newly painted.
The property includes nine parking spaces, a circle driveway for patient drop-off, and a private carport for the doctor. Built in 1983, the frame construction includes a composition roof and public water and sewer service. The building is zoned Co Office and is located less than 500 feet from Lawnwood Medical Center in Fort Pierce.
The property includes nine parking spaces, a circle driveway for patient drop-off, and a private carport for the doctor. Built in 1983, the frame construction includes a composition roof and public water and sewer service. The building is zoned Co Office and is located less than 500 feet from Lawnwood Medical Center in Fort Pierce.
Key Highlights
- 2,100‑square‑foot freestanding medical office building
- Three exam rooms and four bathrooms, including a full shower in the doctor’s bathroom
- Nine parking spaces plus circle‑drive patient drop‑off area
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
$28,418
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
4.55%
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%
$568,360
$568.4K
Cap Rate 7%
$405,971
$406.0K
Cap Rate 9%
$315,756
$315.8K
Market Conditions
NOI Build-Up for 2,100 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
$52.9K $25.20/SF
− Vacancy
−$5.6K −$2.65/SF
EGI
$47.4K $22.55/SF
− OpEx
−$18.9K −$9.02/SF
NOI
$28.4K $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%
$568,360
Cap Rate 7%
$405,971
Cap Rate 9%
$315,756
Alternative Uses
Best Use
Healthcare Medical
$406.0K
$355.2K – $473.6K
NOI $28,418 @ 7.0% cap · market cap 4.55%
Second Best
Office B
$379.1K
$331.7K – $442.3K
NOI $26,536 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$528.1K
$462.1K – $616.1K
NOI $36,968 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-office medical facility with exam rooms, patient drop-off access, and dedicated parking.
Where is this medical office space located?
The property is located at 1912 Nebraska Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,100‑square‑foot freestanding medical office building; Three exam rooms and four bathrooms, including a full shower in the doctor’s bathroom; Nine parking spaces plus circle‑drive patient drop‑off area
