Self Service Car Wash with
For Sale
Contact for pricing
302 N 25th St, Fort Pierce, FL 34950
Mixed-use corner property with a leased self-service car wash plus a fully furnished second-floor one-bedroom apartment.
Property Size3,048 SF
Price / SF$180.12
Days on Market76
Property Features for 302 N 25th St
General Information
Standard status
Active
Size
3,048 SF
Property subtype
OFFICE
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Conor Mackin · License #BK3495289
(772) 291-8443
Source:
Moodyscre
Added: Jul 1
Changed: Aug 15
Last Checked: Sep 13 at 11:22AM
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 Jeremiah Baron & Co.
Investment Insights
Based on property information with market context.
This mixed-use property totals approximately 3,048 SF and includes an operating 2,500 SF car wash that is leased, along with a fully furnished 600 SF second-floor apartment. The apartment features one bedroom and one bathroom. The warehouse building is comprised of three 500 SF bays, supporting flexible functional use within the overall site.
Set on a corner with excellent accessibility, the property is immediately near Orange Avenue, US-1, and I-95, supporting convenient ingress and egress for customers and deliveries.
Overall, the configuration combines a car wash operation with on-site residential space and a bay-style warehouse component, all within one cohesive facility.
Set on a corner with excellent accessibility, the property is immediately near Orange Avenue, US-1, and I-95, supporting convenient ingress and egress for customers and deliveries.
Overall, the configuration combines a car wash operation with on-site residential space and a bay-style warehouse component, all within one cohesive facility.
Key Highlights
- Mixed‑use property totaling approximately 3,048 SF
- Operating 2,500 SF self‑service car wash is leased
- Fully furnished 600 SF second‑floor apartment with 1 bedroom and 1 bathroom
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
$45,526
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
8.29%
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%
$910,520
$910.5K
Cap Rate 7%
$650,371
$650.4K
Cap Rate 9%
$505,844
$505.8K
Market Conditions
NOI Build-Up for 3,048 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
$65.8K $21.60/SF
− Vacancy
−$5.1K −$1.68/SF
EGI
$60.7K $19.92/SF
− OpEx
−$15.2K −$4.98/SF
NOI
$45.5K $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%
$910,520
Cap Rate 7%
$650,371
Cap Rate 9%
$505,844
Alternative Uses
Best Use
Specialty Retail
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 8.29%
Second Best
Retail
$502.0K
$439.3K – $585.7K
NOI $35,140 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$766.5K
$670.7K – $894.3K
NOI $53,657 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
562
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial 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?
Self service car wash - Mixed-use corner property with a leased self-service car wash plus a fully furnished second-floor one-bedroom apartment.
Where is this self service car wash located?
The property is located at 302 N 25th St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Mixed‑use property totaling approximately 3,048 SF; Operating 2,500 SF self‑service car wash is leased; Fully furnished 600 SF second‑floor apartment with 1 bedroom and 1 bathroom
