Class A Office
For Sale
Contact for pricing
600 Citrus Avenue, Fort Pierce, FL 34950
Newly configured first-floor office space with access to on-site and street parking.
Property Size13,284 SF
Price / SF$0.20
Days on Market85
Property Features for 600 Citrus Avenue
General Information
Standard status
Active
Size
13,284 SF
Class
Class A
Total Parking Spaces
44
Property subtype
Office
Additional Details
Floor
1
Office Units
1
Building Details
Year Built
2007
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Paradise
(772) 461-3250
Listed By:
Hoyt C Murphy Jr. · License #186988
(772) 971-7424
Source:
Lehmannflorida
Added: Aug 5
Changed: Oct 27
Last Checked: Oct 28 at 8:06AM
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
$167,857
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,357,140
$3.4M
Cap Rate 7%
$2,397,957
$2.4M
Cap Rate 9%
$1,865,078
$1.9M
Market Conditions
NOI Build-Up for 13,284 SF
Gross rent
$286.9K $21.60/SF
− Vacancy
−$63.1K −$4.75/SF
EGI
$223.8K $16.85/SF
− OpEx
−$56.0K −$4.21/SF
NOI
$167.9K $12.64/SF
Area
St. Lucie County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,357,140
Cap Rate 7%
$2,397,957
Cap Rate 9%
$1,865,078
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,857 @ 7.0% cap · market cap 6,216.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,852 @ 7.0% cap · market cap 8,661.19%
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
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
