Fort Pierce Industrial Complex For
3250 Saint Lucie Blvd Fort Pierce FL 34946 Fort Pierce, FL 34946
3250 Saint Lucie Blvd Fort Pierce FL 34946, Fort Pierce, FL, 34946
$8,200,000
For Sale
$8,200,000
Runway’s End Commerce Center | Industrial property
Property Size25,000 SF
Price / SF$328
Days on Market554
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
Listing Office
(772) 403-3752
Listed by
Nik
(772) 403-3752
Added: Jan 9, 2025 Checked: Mar 16 at 9:06 am
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.
Local Financial Insights For Mixed Use
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 | $600.0k | $24.00 |
| − Vacancy | −$60.0k | −$2.40 |
| EGI | $540.0k | $21.60 |
| − OpEx | −$202.5k | −$8.10 |
| NOI | $337.5k | $13.50 |
25,000 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
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.
