Commercially Zoned
For Sale
$600,000
4004 N US HIGHWAY 1, Fort Pierce, FL 34946
Residential Income, St. Lucie Village, FL
Property Size2,244 SF
Lot Size0.42 Acres
Price / SF$267.38
Days on Market48
Property Features for 4004 N US HIGHWAY 1
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Commercial
Bedrooms
3
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Window features
Blinds
Fencing
Chain Link, Fenced
Subdivision
HILLVIEW
Lot features
Irregular Lot, Landscaped
Directions
US Highway 1 south about 2 miles past county line on East side of US 1.
Standard status
Active
APN
142160300140008
Size
2,244 SF
Lot size
0.42 Acres
Additional Details
Property Use
Multi-Family
Taxes and HOA fees
Tax Year
2025
Tax Description
HILLVIEW LOTS 14 AND 15-LESS RD R/W- (OR 3955-2505)
Tax Annual Amount
5339
Expense value
50
Expense
Application Fee
Expense freq.
One Time
Legal Description
HILLVIEW LOTS 14 AND 15-LESS RD R/W- (OR 3955-2505)
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Well
Building Details
Year built
1970
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Block, Concrete Block - With Stucco
Roof type
Metal, Aluminum
Additional Structures
RV/Boat Storage
Listing Agency:
Dale Sorensen Real Estate Inc.
(772) 231-4712
Listed By:
James R. Goldsmith · License #672330
(772) 473-6418
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 5 at 12:06AM
MLS# B26078207
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 2,244-square-foot quadplex was built in 1970 and currently operates as a multifamily property with four apartments. The income-producing configuration also includes boat or RV storage, warehouse storage, and billboard income. The building features concrete-block construction with stucco, tile flooring, central heating and cooling, a metal and aluminum roof, chain-link fencing, well water, and a septic tank.
The 0.42-acre property is located at 4004 N US Highway 1 in St. Lucie Village, approximately 2 miles south of Vero Beach. It has 109 feet of frontage along US Highway 1 and carries Commercial zoning. Cable service is available. The property offers a combination of residential units and storage-related improvements within its existing commercial zoning framework.
The 0.42-acre property is located at 4004 N US Highway 1 in St. Lucie Village, approximately 2 miles south of Vero Beach. It has 109 feet of frontage along US Highway 1 and carries Commercial zoning. Cable service is available. The property offers a combination of residential units and storage-related improvements within its existing commercial zoning framework.
Key Highlights
- Four apartments with current multifamily use
- 2,244‑square‑foot property on 0.42 acres
- 109 feet of frontage on US Highway 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,954
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,080
$659.1K
Cap Rate 7%
$470,771
$470.8K
Cap Rate 9%
$366,156
$366.2K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$49.8K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$47.1K $20.98/SF
− OpEx
−$14.1K −$6.29/SF
NOI
$33.0K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,080
Cap Rate 7%
$470,771
Cap Rate 9%
$366,156
Alternative Uses
Best Use
Multifamily LT 5
$470.8K
$411.9K – $549.2K
NOI $32,954 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$437.1K
$382.5K – $509.9K
NOI $30,596 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$564.3K
$493.8K – $658.4K
NOI $39,503 @ 7.0% cap · market cap 6.58%
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
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 34946, FL
6,793
Population
3,435
Households
2
Avg Household Size
42
Median Age
14%
College-Educated
72%
High-School Grad
15.2 sq mi
ZIP Area
447
Density / Sq Mi
$40,488
Median Household Income
$27,591
Median Earnings
$1,000
Median Rent
$128,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Current multifamily use includes four apartments along with boat, RV, and warehouse storage.
Where is this quadplex located?
The property is located at 4004 N US HIGHWAY 1 Fort Pierce, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four apartments with current multifamily use; 2,244‑square‑foot property on 0.42 acres; 109 feet of frontage on US Highway 1
