Warehouse Units with Office
For Sale
$1,150,000
Pending
102 Tomahawk Drive, Indian Harbour Beach, FL 32937
COMMERCIAL - Indian Harbour Beach, FL
Property Size5,415 SF
Lot Size0.48 Acres
Days on Market1442
Property Features for 102 Tomahawk Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
East over Eau Gallie Bridge, Left on South Patrick Drive, property on Right at corner of South Patrick and Tomahawk Drive
Subdivision
382-Satellite Bch/Indian Harbour Bch
Standard status
Pending
APN
27-37-02-00-00604.0-0000.00
Size
5,415 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
PART OF N 110 FT OF SW 1/4 OF SW 1/4 E OF S PATRICK DR AS DESC IN ORB 7944 PG 2248
Tax Annual Amount
3875
Legal Description
PART OF N 110 FT OF SW 1/4 OF SW 1/4 E OF S PATRICK DR AS DESC IN ORB 7944 PG 2248
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Flooring type
Carpet
Listing Agency:
Waterman Real Estate, Inc.
(321) 215-2100
Listed By:
Andy Waterman · License #653481
(321) 698-3000
Added: Aug 25, 2022
Changed: Aug 4
Last Checked: Aug 5 at 8:06PM
MLS# 944563
Copyright © 2026 Space Coast Association of Realtors. 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 warehouse property includes four units offered for purchase, with three similarly configured middle units and a larger west-end unit. Each middle unit contains 1,033 square feet and a small bathroom. The 1,288-square-foot west-end unit adds an office area under air and a small bathroom. Overhead doors measure 12 feet wide by 14 feet tall, supporting practical warehouse access.
The property provides 16 parking spaces and features concrete block construction. Public water and public sewer serve the site. Located in Indian Harbour Beach, Florida, the property offers the option to acquire the available units individually or together, subject to the offering terms.
The property provides 16 parking spaces and features concrete block construction. Public water and public sewer serve the site. Located in Indian Harbour Beach, Florida, the property offers the option to acquire the available units individually or together, subject to the offering terms.
Key Highlights
- Four warehouse units available for purchase
- Three middle units measure 1,033 square feet each and include small bathrooms
- West‑end unit contains 1,288 square feet, an office under air, and a small bathroom
Financial Insights For Warehouse
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 | $45.5k | $8.40 |
| − Vacancy | −$1.6k | −$0.29 |
| EGI | $43.9k | $8.11 |
| − OpEx | −$6.6k | −$1.22 |
| NOI | $37.3k | $6.89 |
5,415 SF · lease $8.40/SF/yr · vacancy 3.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$533.0K
$466.4K – $621.8K
NOI $37,310 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,004 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32937, FL
27,306
Population
13,619
Households
2
Avg Household Size
50
Median Age
53%
College-Educated
99%
High-School Grad
6.8 sq mi
ZIP Area
4,016
Density / Sq Mi
$98,411
Median Household Income
$55,420
Median Earnings
$1,718
Median Rent
$421,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Life Storage — 111 Tomahawk Dr, Indian Harbour Beach, FL 32937
Frequently Asked Questions
What type of property is this?
Warehouse - Four warehouse units offer flexible acquisition options, concrete block construction, dedicated parking, and public water and sewer service.
Where is this warehouse located?
The property is located at 102 Tomahawk Drive Indian Harbour Beach, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four warehouse units available for purchase; Three middle units measure 1,033 square feet each and include small bathrooms; West‑end unit contains 1,288 square feet, an office under air, and a small bathroom
