Fort Pierce Industrial Complex For
For Sale
$8,200,000
3250 Saint Lucie Blvd Fort Pierce FL 34946, Fort Pierce, FL 34946
Runway’s End Commerce Center | Industrial property
Property Size25,000 SF
Price / SF$328
Days on Market645
Property Features for 3250 Saint Lucie Blvd Fort Pierce FL 34946
General Information
Standard status
Active
Property type
Other industrial properties, Industrial live-work properties, Industrial properties, Mixed-use properties
Size
25,000 SF
Elevators
N/A
Building Details
Year Built
2007
Listed By:
Nik Schroth
(772) 403-3752
Added: Jan 9, 2025
Changed: Mar 16
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Investment Insights
Based on property information with market context.
Located at 3250 Saint Lucie Blvd, Fort Pierce, FL 34946, Runway's End Commerce Center offers an investment opportunity on a 4.57-acre site. Constructed in 2007, this light industrial property features two tilt-wall concrete buildings. Each building provides 20,000 square feet of ground floor space, along with approximately 5,000 square feet of mezzanine or second-floor space. Originally designed for multiple tenants, each building is currently configured for single-tenant occupancy. The property includes a partially fenced and gated area with electronic access, a loading dock, and designated outdoor storage areas. One building, totaling 25,000 square feet, is available for immediate occupancy. The seller is willing to lease back the second building on a short-term basis. The current tenant is Islamorada Brewery and Distillery. The property's location in St. Lucie County, Florida, provides convenient access to transportation routes and infrastructure. This property offers significant potential for various industrial or mixed-use applications.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,500
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,750,000
$6.8M
Cap Rate 7%
$4,821,429
$4.8M
Cap Rate 9%
$3,750,000
$3.8M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$600.0K $24.00/SF
− Vacancy
−$60.0K −$2.40/SF
EGI
$540.0K $21.60/SF
− OpEx
−$202.5K −$8.10/SF
NOI
$337.5K $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 Rate 5%
$6,750,000
Cap Rate 7%
$4,821,429
Cap Rate 9%
$3,750,000
Alternative Uses
Best Use
Mixed Use
$4.82M
$4.22M – $5.63M
NOI $337,500 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$2.52M
$2.20M – $2.94M
NOI $176,249 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$6.29M
$5.50M – $7.34M
NOI $440,100 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Industrial property - Runway’s End Commerce Center | Industrial property
Where is this industrial property located?
The property is located at 3250 Saint Lucie Blvd Fort Pierce FL 34946 Fort Pierce, FL.
What is the asking price?
The asking price for this property is $8,200,000.
