Class A Office
600 Citrus Avenue, Fort Pierce, FL 34950
For Sale
Contact for pricing
Newly configured first-floor office space with access to on-site and street parking.
Property Size13,284 SF
Price / SF$0.20
Days on Market98
Property Features for 600 Citrus Avenue
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Additional Details
Floor
Office Units
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Coldwell Banker Paradise
(772) 461-3250
Listed By:
Hoyt C Murphy Jr. · License FL #186988
(772) 971-7424
Source:
Lehmannflorida
Added: Aug 5
Changed: Nov 10
Last Checked: Nov 10 at 8:19AM
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 Coldwell Banker Paradise
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Citrus Avenue Professional Building includes a newly configured first-floor office suite containing 1,476 square feet. The property was built in 2007 and has a CPA firm occupying the top floor. Four first-floor units are available, ranging from 1,476 square feet to 1,850 square feet.
Parking includes 44 spaces on site, supplemented by 12 on-street spaces. The suite is offered under a gross lease structure, with the tenant responsible for rent and utilities.
Parking includes 44 spaces on site, supplemented by 12 on-street spaces. The suite is offered under a gross lease structure, with the tenant responsible for rent and utilities.
Key Highlights
- 1,476‑square‑foot first‑floor office suite
- Class A office space in the Citrus Avenue Professional Building
- 44 on‑site parking spaces plus 12 on‑street spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,519
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,450,380
$3.5M
Cap Rate 7%
$2,464,557
$2.5M
Cap Rate 9%
$1,916,878
$1.9M
Market Conditions
NOI Build-Up for 13,284 SF
Gross rent
$294.9K $22.20/SF
− Vacancy
−$64.9K −$4.88/SF
EGI
$230.0K $17.32/SF
− OpEx
−$57.5K −$4.33/SF
NOI
$172.5K $12.99/SF
Area
St. Lucie County, FL
Vacancy
22.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,450,380
Cap Rate 7%
$2,464,557
Cap Rate 9%
$1,916,878
Alternative Uses
Best Use
Office B
$2.46M
$2.16M – $2.88M
NOI $172,519 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,852 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,512
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
$175,900
Median Home Value
Market
Average Price Trend$/SF for Office Units in Fort Pierce, FL
Properties on Market for Office Units in Fort Pierce
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Newly configured first-floor office space with access to on-site and street parking.
Where is this office unit located?
The property is located at 600 Citrus Avenue Fort Pierce, FL.
What are key features of this property?
This property features: 1,476‑square‑foot first‑floor office suite; Class A office space in the Citrus Avenue Professional Building; 44 on‑site parking spaces plus 12 on‑street spaces
