Distribution Warehouse with Drive-In
3490 Oleander Avenue Fort Pierce, FL 34982
For Sale
Contact for pricing
Industrial building on a 1.09-acre site with drive-in ramp and six loading docks.
Property Size8,050 SF
Lot Size1.09 Acres
Price / SF$246.96
Days on Market462
Property Features for 3490 Oleander Avenue
General Information
- Standard status
- Active
- Size
- 8,050 SF
- Lot size
- 1.09 Acres
- Property subtype
- Industrial, Retail, Office
Building Details
- Year Built
- 1965
Listing Agency:
The Keyes Company
(561) 405-4960
Listed By:
David Joseph · License #3239461
Source:
Crexi
Added: Apr 20, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:21PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This industrial warehouse/distribution property sits on a 1.09-acre site and offers an 8,050-square-foot building configured with six loading docks and a drive-in ramp.
The property is located at 3490 Oleander Avenue in Fort Pierce, Florida. The surrounding area is described as heavy industrial, with proximity to major transportation routes including I-95 and the Florida Turnpike.
The property is in an IL zoning district, intended to provide for industrial and related uses with limited objectionable external effects, with acceptable manufacturing, warehousing, heavy commercial, and similar uses encouraged. Regional context referenced in the remarks includes continued industrial leasing activity and major logistics and industrial development in Fort Pierce and nearby areas.
The property is located at 3490 Oleander Avenue in Fort Pierce, Florida. The surrounding area is described as heavy industrial, with proximity to major transportation routes including I-95 and the Florida Turnpike.
The property is in an IL zoning district, intended to provide for industrial and related uses with limited objectionable external effects, with acceptable manufacturing, warehousing, heavy commercial, and similar uses encouraged. Regional context referenced in the remarks includes continued industrial leasing activity and major logistics and industrial development in Fort Pierce and nearby areas.
Key Highlights
- 1.09‑acre site with an 8,050 SF industrial building built in 1965
- Six loading docks plus a drive‑in ramp for loading and distribution operations
- Zoned IL (industrial and related uses with limited objectionable external effects)
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 | $100.5k | $12.48 |
| − Vacancy | −$19.4k | −$2.41 |
| EGI | $81.1k | $10.07 |
| − OpEx | −$12.2k | −$1.51 |
| NOI | $68.9k | $8.56 |
8,050 SF · lease $12.48/SF/yr · vacancy 19.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$984.5K
$861.4K – $1.15M
NOI $68,913 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$810.7K
$709.4K – $945.9K
NOI $56,752 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,712 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Boat Building Supplies
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Self-Storage at U-Haul — 3626 S US Hwy 1, Fort Pierce, FL 34982
- Barrel Road Storage — 924 Barrel Ave, Fort Pierce, FL 34982
- Wildar RV, Boat, and Trailer Storage — 3502 S US Hwy 1, Fort Pierce, FL 34982
- Extra Space Storage — 3900 S US Hwy 1, Fort Pierce, FL 34982
- Arnoff Moving And Storage — 3620 us-1, fort pierce, fl 34982
FAQs
What type of property is this?
Warehouse - Industrial building on a 1.09-acre site with drive-in ramp and six loading docks.
Where is this warehouse located?
The property is located at 3490 Oleander Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,988,000.
What are key features of this property?
This property features: 1.09‑acre site with an 8,050 SF industrial building built in 1965; Six loading docks plus a drive‑in ramp for loading and distribution operations; Zoned IL (industrial and related uses with limited objectionable external effects)
