Renovated Flex Space
For Sale
$3,299,000
16050 Orange Avenue, Fort Pierce, FL
Commercial Sale, Fort Pierce, FL
Property Size14,224 SF
Lot Size1.98 Acres
Price / SF$231.93
Days on Market154
Property Features for 16050 Orange Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Parking
12
Parking features
Covered
Security features
Security System
Fencing
Fenced, Chain Link
Directions
I95 NORTH, EXIT ORANGE AVENUE, MAKE LEFT
Subdivision
7300
Standard status
Active
APN
221213300010003
Size
14,224 SF
Lot size
1.98 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
12 35 38 W 150 FT OF S 574 FT OF THAT PART OF SW 1/4 OF NE 1/4 LYG N OF ORANGE AV AND E OF CANAL #57 (1.98 AC) (OR 3548-1964)
Tax Annual Amount
15400
Legal Description
12 35 38 W 150 FT OF S 574 FT OF THAT PART OF SW 1/4 OF NE 1/4 LYG N OF ORANGE AV AND E OF CANAL #57 (1.98 AC) (OR 3548-1964)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
fully fenced and secured premises
covered parking
parts counter
Building Details
Year built
1986
Floors in Building
2
Building materials
Metal Frame, Metal Siding
Roof type
Metal
Listing Agency:
Coldwell Banker Paradise · Coldwell Banker Real Estate
(772) 461-3250
Listed By:
Frank Strazzulla · License #3339351
(772) 473-0826
Added: Apr 2
Changed: Aug 19
Last Checked: Sep 2 at 5:06PM
MLS# B26010913
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space property includes a 14,224-square-foot building on 1.98 acres at 16050 Orange Avenue in Fort Pierce. The facility combines office, warehouse, and shop areas, with a parts counter supporting the existing configuration. Metal-frame construction, metal siding, and a metal roof provide the primary building materials, while central electric heating and central air conditioning serve the interior.
The property is enclosed by chain-link fencing, with covered parking for up to 10 vehicles. Industrial zoning supports the site’s commercial classification. Public water and public sewer are available, along with cable service. Originally built in 1986, the facility was renovated in 2021.
The property is enclosed by chain-link fencing, with covered parking for up to 10 vehicles. Industrial zoning supports the site’s commercial classification. Public water and public sewer are available, along with cable service. Originally built in 1986, the facility was renovated in 2021.
Key Highlights
- 14,224‑square‑foot building situated on 1.98 acres
- Industrial zoning in Fort Pierce, FL
- Office, warehouse, and shop areas within the facility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$179,734
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,594,680
$3.6M
Cap Rate 7%
$2,567,629
$2.6M
Cap Rate 9%
$1,997,044
$2.0M
Market Conditions
NOI Build-Up for 14,224 SF
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.
Gross rent
$307.2K $21.60/SF
− Vacancy
−$67.6K −$4.75/SF
EGI
$239.6K $16.85/SF
− OpEx
−$59.9K −$4.21/SF
NOI
$179.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,594,680
Cap Rate 7%
$2,567,629
Cap Rate 9%
$1,997,044
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $179,734 @ 7.0% cap · market cap 5.45%
Second Best
Flex RnD
$1.97M
$1.72M – $2.30M
NOI $137,930 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,399 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial zoning, fenced grounds, covered parking, and a parts counter define the property’s practical commercial setup.
Where is this flex space located?
The property is located at 16050 Orange Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $3,299,000.
What are key features of this property?
This property features: 14,224‑square‑foot building situated on 1.98 acres; Industrial zoning in Fort Pierce, FL; Office, warehouse, and shop areas within the facility
