Office Building with
For Sale
$229,500
506 N 7th N, Fort Pierce, FL 34950
A reception area, two exam rooms, and a one-bedroom, one-bath apartment are part of the property's configuration.
Property Size792 SF
Price / SF$289.77
Days on Market139
Property Features for 506 N 7th N
General Information
Standard status
Active
Size
792 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
General Co
Additional Details
Asking Price
$229,500
Highway Access
Yes
Currently Operating
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,395
Building Details
Building Size
792 SF
Year Built
1964
Buildings
1
Stories
1
Units
1
Listing Agency:
Lon Parsons & Associates
Listed By:
Lon F Parsons · License #556204
(772) 985-4967
Source:
Bernard-kelly
Added: Jun 20
Changed: Nov 4
Last Checked: Nov 4 at 2:17AM
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 Lon Parsons & Associates
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Investment Insights
Based on property information with market context.
Built in 1964, this office property has a reception area and two private exam rooms, along with a one-bedroom, one-bath apartment. It is currently used as a sign shop and layout studio. The property is zoned General Co.
U.S. One is three blocks away, and the Downtown Arts & Cultural District is within walking distance.
U.S. One is three blocks away, and the Downtown Arts & Cultural District is within walking distance.
Key Highlights
- Includes a one‑bedroom, one‑bath apartment
- Office layout features a reception area and two private exam rooms
- Currently operating as a sign shop and layout studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,718
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,360
$214.4K
Cap Rate 7%
$153,114
$153.1K
Cap Rate 9%
$119,089
$119.1K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$20.0K $25.20/SF
− Vacancy
−$2.1K −$2.65/SF
EGI
$17.9K $22.55/SF
− OpEx
−$7.1K −$9.02/SF
NOI
$10.7K $13.53/SF
Area
St. Lucie County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,360
Cap Rate 7%
$153,114
Cap Rate 9%
$119,089
Alternative Uses
Best Use
Healthcare Medical
$153.1K
$134.0K – $178.6K
NOI $10,718 @ 7.0% cap · market cap 4.67%
Second Best
Mixed Use
$152.7K
$133.7K – $178.2K
NOI $10,692 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$199.2K
$174.3K – $232.4K
NOI $13,942 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,438
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A reception area, two exam rooms, and a one-bedroom, one-bath apartment are part of the property's configuration.
Where is this office building located?
The property is located at 506 N 7th N Fort Pierce, FL.
What is the asking price?
The asking price for this property is $229,500.
What are key features of this property?
This property features: Includes a one‑bedroom, one‑bath apartment; Office layout features a reception area and two private exam rooms; Currently operating as a sign shop and layout studio
