Port St. Lucie Warehouse
For Sale
$2,550,000
2100 SW Conant Avenue Port St Lucie Florida 34953, Fort Pierce, FL 34953
12,350-square-foot warehouse on a 1.014-acre lot in Port St. Lucie
Property Size12,350 SF
Lot Size1.01 Acres
Price / SF$206.48
Days on Market599
Property Features for 2100 SW Conant Avenue Port St Lucie Florida 34953
General Information
Standard status
Active
Property type
Warehouses, Industrial live-work properties, Other industrial properties, Industrial properties, Mixed-use properties
Size
12,350 SF
Elevators
N/A
Lot size
1.01 Acres
Building Details
Year Built
1989
Listing Agency:
(772) 579-0370
Listed By:
Stuart
(772) 579-0370
Added: Jan 9, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 12,350-square-foot warehouse is located in Port St. Lucie, Florida, on a 1.014-acre lot. The property is suitable for various industrial uses and features an expansive, open floor plan that offers flexibility for customization. High ceilings and robust construction ensure durability. The property benefits from convenient access to major roadways, enhancing logistical efficiency. The substantial lot size provides extensive parking and loading areas, with potential for future expansion. The warehouse is located at 2100 SW Conant Avenue and is fenced-in. The property is zoned for various industrial uses, making it an attractive option for businesses seeking a strategic location and substantial space.
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
$166,725
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
6.54%
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%
$3,334,500
$3.3M
Cap Rate 7%
$2,381,786
$2.4M
Cap Rate 9%
$1,852,500
$1.9M
Market Conditions
NOI Build-Up for 12,350 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
$296.4K $24.00/SF
− Vacancy
−$29.6K −$2.40/SF
EGI
$266.8K $21.60/SF
− OpEx
−$100.0K −$8.10/SF
NOI
$166.7K $13.50/SF
Area
St. Lucie County, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,334,500
Cap Rate 7%
$2,381,786
Cap Rate 9%
$1,852,500
Alternative Uses
Best Use
Mixed Use
$2.38M
$2.08M – $2.78M
NOI $166,725 @ 7.0% cap · market cap 6.54%
Second Best
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,724 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$3.11M
$2.72M – $3.62M
NOI $217,409 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34953, FL
77,023
Population
28,131
Households
2.7
Avg Household Size
39
Median Age
23%
College-Educated
90%
High-School Grad
23.8 sq mi
ZIP Area
3,236
Density / Sq Mi
$81,028
Median Household Income
$39,348
Median Earnings
$1,902
Median Rent
$326,800
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.
Frequently Asked Questions
What type of property is this?
Warehouse - 12,350-square-foot warehouse on a 1.014-acre lot in Port St. Lucie
Where is this warehouse located?
The property is located at 2100 SW Conant Avenue Port St Lucie Florida 34953 Fort Pierce, FL.
What is the asking price?
The asking price for this property is $2,550,000.
