Downtown Fort Pierce Corner
For Sale
$4,995,000
300 S 6th St, Fort Pierce, FL 34950
Two-story building on 1.9 acres in downtown Fort Pierce.
Property Size24,136 SF
Lot Size1.93 Acres
Price / SF$199.80
Days on Market151
Property Features for 300 S 6th St
General Information
Standard status
Active
Size
24,136 SF
Lot size
1.93 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$33,650
Building Details
Building Size
24,136 SF
Year Built
1966
Stories
2
Units
1
Listing Agency:
FLORIDA RELOCATION TEAM, LLC
(786) 282-5722
Listed By:
Gustavo Gutierrez · License #R11164155
(786) 282-5722
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 FLORIDA RELOCATION TEAM, LLC
Investment Insights
Based on property information with market context.
Located in downtown Fort Pierce, this freestanding two-story building offers approximately 25,000 square feet of space. The property occupies an entire city block and is situated on a 1.9-acre site. It features 91 dedicated parking spaces. The building is positioned on all four corners of the intersection, providing high visibility and full city block frontage with four corner exposures. This property is suitable for retail, office, restaurant, or mixed-use concepts. The location is in a thriving downtown corridor surrounded by ongoing revitalization, restaurants, entertainment, and the waterfront, offering a flagship presence.
Key Highlights
- Prime downtown Fort Pierce location on an entire city block.
- Exceptional 25,000± SF two‑story freestanding building.
- High visibility with frontage on all four corners of the intersection.
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
$373,410
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
7.48%
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%
$7,468,200
$7.5M
Cap Rate 7%
$5,334,429
$5.3M
Cap Rate 9%
$4,149,000
$4.1M
Market Conditions
NOI Build-Up for 25,000 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
$540.0K $21.60/SF
− Vacancy
−$42.1K −$1.68/SF
EGI
$497.9K $19.92/SF
− OpEx
−$124.5K −$4.98/SF
NOI
$373.4K $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%
$7,468,200
Cap Rate 7%
$5,334,429
Cap Rate 9%
$4,149,000
Alternative Uses
Best Use
Specialty Retail
$5.33M
$4.67M – $6.22M
NOI $373,410 @ 7.0% cap · market cap 7.48%
Second Best
Mixed Use
$4.82M
$4.22M – $5.63M
NOI $337,500 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$6.29M
$5.50M – $7.34M
NOI $440,100 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story building on 1.9 acres in downtown Fort Pierce.
Where is this mixed-use property located?
The property is located at 300 S 6th St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Prime downtown Fort Pierce location on an entire city block.; Exceptional 25,000± SF two‑story freestanding building.; High visibility with frontage on all four corners of the intersection.
