Residential Income
For Sale
Contact for pricing
5010 Sanibel Avenue, Fort Pierce, FL 34951
For sale duplex offering residential income potential in Fort Pierce, Florida.
Property Size1,800 SF
Price / SF$205
Days on Market102
Property Features for 5010 Sanibel Avenue
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multifamily
Zoning
RM-5 - Cou
Building Details
Year Built
1973
Units
2
Listing Agency:
Vested Properties
Listed By:
Taylor Wright · License #3589582
Source:
Crexi
Added: Apr 30
Changed: Aug 8
Last Checked: Aug 8 at 1:39PM
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 Vested Properties
Investment Insights
Based on property information with market context.
This duplex is offered for sale as a residential income property. The asset size is listed at 1,800 square feet, providing a straightforward two-unit configuration typical of duplex ownership.
The property is located at 5010 Sanibel Avenue in Fort Pierce, Florida (34951). Please note the public remarks request “Do not disturb,” so any access should be arranged through the appropriate showing process.
As a for-sale duplex, this property may appeal to buyers seeking a manageable residential investment structure, such as an owner-operator scenario or a rental-focused acquisition, depending on their underwriting and business plan. With the information provided, prospective buyers should focus their due diligence on the property’s condition, unit layout, and current or future leasing considerations, along with any applicable local requirements for duplex use and operation. For additional details, including income, expenses, and lease status, request the complete offering materials and schedule a private showing through the listing team.
The property is located at 5010 Sanibel Avenue in Fort Pierce, Florida (34951). Please note the public remarks request “Do not disturb,” so any access should be arranged through the appropriate showing process.
As a for-sale duplex, this property may appeal to buyers seeking a manageable residential investment structure, such as an owner-operator scenario or a rental-focused acquisition, depending on their underwriting and business plan. With the information provided, prospective buyers should focus their due diligence on the property’s condition, unit layout, and current or future leasing considerations, along with any applicable local requirements for duplex use and operation. For additional details, including income, expenses, and lease status, request the complete offering materials and schedule a private showing through the listing team.
Key Highlights
- Duplex for sale in Fort Pierce, Florida
- Year built: 1973
- Residential income potential
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
$26,434
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
7.16%
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%
$528,680
$528.7K
Cap Rate 7%
$377,629
$377.6K
Cap Rate 9%
$293,711
$293.7K
Market Conditions
NOI Build-Up for 1,800 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
$40.0K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$37.8K $20.98/SF
− OpEx
−$11.3K −$6.29/SF
NOI
$26.4K $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 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%
$528,680
Cap Rate 7%
$377,629
Cap Rate 9%
$293,711
Alternative Uses
Best Use
Multifamily LT 5
$377.6K
$330.4K – $440.6K
NOI $26,434 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$350.6K
$306.8K – $409.0K
NOI $24,542 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$452.7K
$396.1K – $528.1K
NOI $31,687 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 34951, FL
15,357
Population
8,305
Households
1.8
Avg Household Size
56
Median Age
21%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
632
Density / Sq Mi
$63,214
Median Household Income
$35,597
Median Earnings
$1,186
Median Rent
$229,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex offering residential income potential in Fort Pierce, Florida.
Where is this duplex located?
The property is located at 5010 Sanibel Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Duplex for sale in Fort Pierce, Florida; Year built: 1973; Residential income potential
