Versatile Commercial Space on
For Sale
Contact for pricing
621 S US Hwy 1, Fort Pierce, FL 34950
High-traffic location with income potential and flexible commercial space.
Property Size11,661 SF
Lot Size0.27 Acres
Price / SF$168.08
Days on Market661
Property Features for 621 S US Hwy 1
General Information
Standard status
Active
Size
11,661 SF
Lot size
0.27 Acres
Property subtype
Industrial, Retail
Building Details
Year Built
1960
Listing Agency:
RT Commercial
Listed By:
Jorge Tovar · License #FL
Source:
Crexi
Added: Oct 8, 2024
Changed: Jul 10
Last Checked: Jul 28 at 4:42PM
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 RT Commercial
Investment Insights
Based on property information with market context.
This commercial property offers a versatile space suitable for owner-users or investors. The available area spans 10,000 square feet, presenting an opportunity for business expansion or investment. The property includes two front units that are currently rented, each generating $1,000 in income. It features a renovated office space or showroom equipped with new air conditioning. Access is facilitated by three bay doors, with two accessible from US1 and one from Florida Avenue. The property is located in a high-traffic area, offering flexibility and income potential.
Key Highlights
- High‑traffic location with versatile access via 3 bay doors (2 from US1, 1 from Florida Ave).
- 10,000 sqft available, suitable for owner‑users or investors.
- Income‑generating: 2 front units currently rented at $1,000 each.
Financial Insights For Mixed Use
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 | $279.9k | $24.00 |
| − Vacancy | −$28.0k | −$2.40 |
| EGI | $251.9k | $21.60 |
| − OpEx | −$94.5k | −$8.10 |
| NOI | $157.4k | $13.50 |
11,661 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.25M
$1.97M – $2.62M
NOI $157,424 @ 7.0% cap · market cap 8.03%
Second Best
Office B
$2.10M
$1.84M – $2.46M
NOI $147,348 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,280 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,443
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-traffic location with income potential and flexible commercial space.
Where is this mixed-use property located?
The property is located at 621 S US Hwy 1 Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,960,000.
What are key features of this property?
This property features: High‑traffic location with versatile access via 3 bay doors (2 from US1, 1 from Florida Ave).; 10,000 sqft available, suitable for owner‑users or investors.; Income‑generating: 2 front units currently rented at $1,000 each.
