Medical Co-working Space
For Sale
Contact for pricing
2401 Frist Blvd 1-2, Fort Pierce, FL 34950
Co-working space in established medical hub near major hospitals.
Property Size2,500 SF
Days on Market191
Property Features for 2401 Frist Blvd 1-2
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$33,046
Building Details
Building Size
2,500 SF
Year Built
1995
Listing Agency:
TOTAL R E CONSULTANTS INC
Listed By:
Joe Pelayo · License #3005451
(954) 551-9427
Source:
Elliman
Added: Apr 24
Changed: Oct 30
Last Checked: Oct 30 at 3:00PM
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 TOTAL R E CONSULTANTS INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers a unique opportunity within an established medical hub, situated directly next to the region's largest hospitals, which feature specialized trauma, stroke, and cardiac care centers. It includes a co-working space designed for various medical professionals, intended to foster collaboration and innovation. The location benefits from its proximity to the fire department, potentially ensuring rapid emergency response. Ample parking is available for staff and patients, providing convenient access. The bike score is 41, indicating it is somewhat bikeable, and the walk score is 19, indicating car-dependent accessibility.
Key Highlights
- Prime location directly next to the region's largest hospitals with specialized trauma, stroke, and cardiac care centers.
- Co‑working space tailored for medical professionals, fostering collaboration and innovation.
- Ample parking available for both staff and patients.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,590
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,800
$631.8K
Cap Rate 7%
$451,286
$451.3K
Cap Rate 9%
$351,000
$351.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$11.9K −$4.75/SF
EGI
$42.1K $16.85/SF
− OpEx
−$10.5K −$4.21/SF
NOI
$31.6K $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%
$631,800
Cap Rate 7%
$451,286
Cap Rate 9%
$351,000
Alternative Uses
Best Use
Healthcare Medical
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 624.65%
Second Best
Office B
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 583.27%
Theoretical Best
Office A
$628.7K
$550.1K – $733.5K
NOI $44,010 @ 7.0% cap · market cap 812.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Coworking space - Co-working space in established medical hub near major hospitals.
Where is this coworking space located?
The property is located at 2401 Frist Blvd 1-2 Fort Pierce, FL.
What are key features of this property?
This property features: Prime location directly next to the region's largest hospitals with specialized trauma, stroke, and cardiac care centers.; Co‑working space tailored for medical professionals, fostering collaboration and innovation.; Ample parking available for both staff and patients.
