Second-Floor Office
For Sale
Contact for pricing
2011 S 25TH Street #216, Fort Pierce, FL 34947
Elevator-served workspace with electricity included under a gross-lease structure.
Property Size13,166 SF
Price / SF$0.06
Days on Market77
Property Features for 2011 S 25TH Street #216
General Information
Standard status
Active
Size
13,166 SF
Total Parking Spaces
63
Elevators
Yes
Property subtype
Office
Additional Details
Floor
2
Building Details
Year Built
1977
Listing Agency:
Coldwell Banker Paradise
(772) 461-3250
Listed By:
Thomas Rouse · License #3444171
(772) 201-5902
Source:
Lehmannflorida
Added: Aug 14
Changed: Oct 27
Last Checked: Oct 28 at 8:29AM
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 Coldwell Banker Paradise
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Investment Insights
Based on property information with market context.
This 546-square-foot office unit occupies the second floor of a 1977 building and is served by a new elevator. The bathroom is positioned in a shared common area, while interior maintenance, internet, and cable are the tenant’s responsibility. Electricity is included within the gross lease structure.
The property is located at 2011 S 25TH Street in Fort Pierce, directly across from the County Administrative Offices. Lawnwood Medical Center and Indian River State College are nearby. On-site parking includes 63 spaces, providing dedicated parking for occupants and visitors.
The property is located at 2011 S 25TH Street in Fort Pierce, directly across from the County Administrative Offices. Lawnwood Medical Center and Indian River State College are nearby. On-site parking includes 63 spaces, providing dedicated parking for occupants and visitors.
Key Highlights
- 546‑square‑foot second‑floor office unit
- New elevator serves the second floor
- Gross lease includes electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,366
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,327,320
$3.3M
Cap Rate 7%
$2,376,657
$2.4M
Cap Rate 9%
$1,848,511
$1.8M
Market Conditions
NOI Build-Up for 13,166 SF
Gross rent
$284.4K $21.60/SF
− Vacancy
−$62.6K −$4.75/SF
EGI
$221.8K $16.85/SF
− OpEx
−$55.5K −$4.21/SF
NOI
$166.4K $12.64/SF
Area
St. Lucie County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,327,320
Cap Rate 7%
$2,376,657
Cap Rate 9%
$1,848,511
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.77M
NOI $166,366 @ 7.0% cap · market cap 19,572.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,774 @ 7.0% cap · market cap 27,267.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
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Business Placement
Demographics for 34947, FL
13,933
Population
4,691
Households
3
Avg Household Size
32
Median Age
19%
College-Educated
81%
High-School Grad
9.7 sq mi
ZIP Area
1,436
Density / Sq Mi
$44,985
Median Household Income
$31,968
Median Earnings
$1,125
Median Rent
$202,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Elevator-served workspace with electricity included under a gross-lease structure.
Where is this office unit located?
The property is located at 2011 S 25TH Street #216 Fort Pierce, FL.
What are key features of this property?
This property features: 546‑square‑foot second‑floor office unit; New elevator serves the second floor; Gross lease includes electricity
