951 King Orange Drive, Fort Pierce, FL 34982
Twelve 1-bedroom units each with private washer and dryer, with potential layout conversions to 2-bedroom configurations.
- Added:
- Mar 9, 2026
- Days on Market:
- 107
- Last Refresh:
- Jun 20 at 8:51 am
Property Features for 951 King Orange Drive
General Information
- Standard status
- Active
- Size
- 7,488 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1995
Listing agent Shelli Cloninger License #3500527
Listing office Realty 100
Listing date Mar 9, 2026
Source Crexi
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 Realty 100
HighLights
- 12‑unit multifamily built in 1995 with twelve 1‑bedroom, 1‑bath residences
- Each unit includes a private washer and dryer
- Potential to convert each unit into a 2‑bedroom, 1‑bath layout
- Property runs on a master water meter
- Twelve 1‑bedroom units offer value‑add upside through layout conversions
Overview
The property is located at 951 King Orange Drive in Fort Pierce, Florida. It operates using a master water meter.
For investors or owner-operators seeking a straightforward apartment building with in-unit laundry and an available path to reconfigure unit layouts, this 12-unit setup provides a practical foundation. The existing 1-bedroom program can support stabilized occupancy while the 2-bedroom conversion potential offers a defined way to evaluate future rentability improvements. As with any conversion plan, due diligence on feasibility, permitting, and construction requirements would be an important next step.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.0k | $26.04 |
| − Vacancy | −$9.4k | −$1.25 |
| EGI | $185.6k | $24.79 |
| − OpEx | −$83.5k | −$11.16 |
| NOI | $102.1k | $13.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3329666
- Latitude
- 27.4039291
