Clear-Span Industrial
For Sale
$650,000
2933 Harson Way, Fort Pierce, FL 34946
Commercial Sale, Fort Pierce, FL
Property Size3,000 SF
Lot Size0.25 Acres
Price / SF$216.67
Days on Market230
Property Features for 2933 Harson Way
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Indust
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
Heading south on St. Lucie Blvd, turn right on Harson Way, Property on left.
Subdivision
7050
Standard status
Active
APN
142870213650005
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SAN LUCIE PLAZA S/D-UNIT ONE- BLK 60 N 30 FT OF LOT 17 AND ALL LOT 18 (MAP 14/29S)
Tax Annual Amount
915
Legal Description
SAN LUCIE PLAZA S/D-UNIT ONE- BLK 60 N 30 FT OF LOT 17 AND ALL LOT 18 (MAP 14/29S)
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Wood, Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
John C DiGirolomo · License #3458838
(772) 713-4204
Added: Jan 9
Changed: Aug 27
Last Checked: Aug 27 at 9:06PM
MLS# R11153161
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 under-construction warehouse is planned as a metal-sided industrial building with a metal roof and a 50' x 60' clear-span interior. The design includes two 12-foot roll-up doors, 400 amps of power, wood and concrete flooring, and two bathrooms. Delivery is slated for early March 2026, with the building identified as a 2026 construction project.
The property occupies approximately 0.25 acres in Fort Pierce and includes yard area, on-site parking, and circulation space. Its location provides proximity to Treasure Coast International Airport. Industrial zoning supports the property’s warehouse classification, while the loading configuration and electrical service provide concrete infrastructure for commercial operations.
The property occupies approximately 0.25 acres in Fort Pierce and includes yard area, on-site parking, and circulation space. Its location provides proximity to Treasure Coast International Airport. Industrial zoning supports the property’s warehouse classification, while the loading configuration and electrical service provide concrete infrastructure for commercial operations.
Key Highlights
- 50' x 60' clear‑span warehouse layout
- Two 12‑foot roll‑up doors for loading and vehicle access
- 400 amps of electrical power
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
$25,682
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
3.95%
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%
$513,640
$513.6K
Cap Rate 7%
$366,886
$366.9K
Cap Rate 9%
$285,356
$285.4K
Market Conditions
NOI Build-Up for 3,000 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
$37.4K $12.48/SF
− Vacancy
−$7.2K −$2.41/SF
EGI
$30.2K $10.07/SF
− OpEx
−$4.5K −$1.51/SF
NOI
$25.7K $8.56/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$513,640
Cap Rate 7%
$366,886
Cap Rate 9%
$285,356
Alternative Uses
Best Use
Warehouse
$366.9K
$321.0K – $428.0K
NOI $25,682 @ 7.0% cap · market cap 3.95%
Second Best
Industrial
$302.1K
$264.4K – $352.5K
NOI $21,150 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$754.5K
$660.2K – $880.2K
NOI $52,812 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34946, FL
6,793
Population
3,435
Households
2
Avg Household Size
42
Median Age
14%
College-Educated
72%
High-School Grad
15.2 sq mi
ZIP Area
447
Density / Sq Mi
$40,488
Median Household Income
$27,591
Median Earnings
$1,000
Median Rent
$128,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction warehouse with industrial zoning, loading access, and proximity to Treasure Coast International Airport.
Where is this warehouse located?
The property is located at 2933 Harson Way Fort Pierce, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 50' x 60' clear‑span warehouse layout; Two 12‑foot roll‑up doors for loading and vehicle access; 400 amps of electrical power
