Mixed-Use Property with Three
New
For Sale
$595,000
3901 OKEECHOBEE Road, Fort Pierce, FL 34947
Two C-3 lots provide multiple street frontages and a mix of commercial building space.
Property Size3,407 SF
Price / SF$174.64
Days on Market3
Property Features for 3901 OKEECHOBEE Road
General Information
Standard status
Active
Size
3,407 SF
Property subtype
Mixed Use
Zoning
C-3
Site & Location
Road Frontage
250 ft
Road Access
Yes
Additional Details
Land Use
commercial
Building Details
Year Built
1952
Buildings
3
Listing Agency:
Security Real Estate Services
(954) 776-8188
Listed By:
Colleen Barnes · License #3015025
(772) 216-1991
Source:
Lehmannflorida
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:48PM
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 Security Real Estate Services
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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 mixed-use property comprises two commercial-zoned lots and three buildings totaling 3,138 square feet. The buildings date to 1952, and the property carries a C-3 General Commercial designation.
The lots offer 250 feet of frontage on Okeechobee Road, with additional frontage on S 40th Street and S 39th Street. Moonswiners is across the road.
The lots offer 250 feet of frontage on Okeechobee Road, with additional frontage on S 40th Street and S 39th Street. Moonswiners is across the road.
Key Highlights
- Two commercial lots totaling almost an acre
- Three buildings with 3,138 square feet combined
- C‑3 General Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,995
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,900
$919.9K
Cap Rate 7%
$657,071
$657.1K
Cap Rate 9%
$511,056
$511.1K
Market Conditions
NOI Build-Up for 3,407 SF
Gross rent
$81.8K $24.00/SF
− Vacancy
−$8.2K −$2.40/SF
EGI
$73.6K $21.60/SF
− OpEx
−$27.6K −$8.10/SF
NOI
$46.0K $13.50/SF
Area
St. Lucie County, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,900
Cap Rate 7%
$657,071
Cap Rate 9%
$511,056
Alternative Uses
Best Use
Mixed Use
$657.1K
$574.9K – $766.6K
NOI $45,995 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$561.1K
$491.0K – $654.7K
NOI $39,279 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$856.8K
$749.7K – $999.6K
NOI $59,977 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 6%
Electronics 1%
Dollar Tree
Shops & Services
19,436 visits/mo
0.1 miles
Cumberland Farms
Shops & Services
13,601 visits/mo
0.3 miles
Circle K
Shops & Services
8,957 visits/mo
0.3 miles
PNC Bank
Shops & Services
5,825 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
3,649 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two C-3 lots provide multiple street frontages and a mix of commercial building space.
Where is this mixed-use property located?
The property is located at 3901 OKEECHOBEE Road Fort Pierce, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two commercial lots totaling almost an acre; Three buildings with 3,138 square feet combined; C‑3 General Commercial zoning
