Leased Warehouse Unit For
For Sale
$295,000
1256 SW Biltmore St, Fort Pierce, FL 34953
1,225 SF leased warehouse unit with double street access.
Property Size1,225 SF
Lot Size0.02 Acres
Days on Market268
Property Features for 1256 SW Biltmore St
General Information
Standard status
Active
Size
1,225 SF
Lot size
0.02 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,454
Building Details
Building Size
1,225 SF
Year Built
2006
Stories
1
Units
1
Listing Agency:
Reliant Realty ERA Powered
(561) 969-3004
Listed By:
Andree M Bogues · License #3030933
(561) 969-3004
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 9
Last Checked: Aug 22 at 10:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reliant Realty ERA Powered
Investment Insights
Based on property information with market context.
This 1,225 square foot warehouse unit, constructed in 2006, is currently leased and offers an investment opportunity. The unit features double street access and is part of a well-maintained, eight-unit concrete base metal building. Ample parking is available, with tractor-trailer ingress and egress. The unit includes a roll-up door for warehouse access and a separate walk-in office entrance. Inside, there is a spacious restroom, 18-foot high ceilings suitable for loft areas, and fully tiled flooring. The warehouse walls are equipped with easy-to-maintain, wipe-clean panels, and the ceiling is insulated. This 40x25 air-conditioned flex-use unit is located in the Biltmore Commercial Industrial District and is under an existing two-year tenant lease.
Key Highlights
- Currently leased unit providing immediate rental income.
- 1,225 SF flex‑use unit with double street access in Biltmore Commercial Industrial District.
- 18 ft high ceilings suitable for loft areas.
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
$11,879
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
4.03%
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%
$237,580
$237.6K
Cap Rate 7%
$169,700
$169.7K
Cap Rate 9%
$131,989
$132.0K
Market Conditions
NOI Build-Up for 1,225 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
$20.6K $16.80/SF
− Vacancy
−$2.3K −$1.88/SF
EGI
$18.3K $14.92/SF
− OpEx
−$6.4K −$5.22/SF
NOI
$11.9K $9.70/SF
Area
St. Lucie County, FL
Vacancy
11.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$237,580
Cap Rate 7%
$169,700
Cap Rate 9%
$131,989
Alternative Uses
Best Use
Flex RnD
$169.7K
$148.5K – $198.0K
NOI $11,879 @ 7.0% cap · market cap 4.03%
Second Best
Warehouse
$149.8K
$131.1K – $174.8K
NOI $10,487 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$308.1K
$269.6K – $359.4K
NOI $21,565 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
414
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - 1,225 SF leased warehouse unit with double street access.
Where is this warehouse located?
The property is located at 1256 SW Biltmore St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Currently leased unit providing immediate rental income.; 1,225 SF flex‑use unit with double street access in Biltmore Commercial Industrial District.; 18 ft high ceilings suitable for loft areas.
