Build-to-Suit Industrial Shell
For Sale
$6,800,000
1510 Southwest Poma Drive, Palm City, FL 34990
New build-to-suit 28,800 SF industrial shell includes precast concrete walls and designated outdoor storage areas.
Property Size28,800 SF
Price / SF$236.11
Days on Market173
Property Features for 1510 Southwest Poma Drive
General Information
Standard status
Active
Size
28,800 SF
Property subtype
Industrial
Zoning
PUD
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
28,800 SF
Construction
precast concrete
Listing Agency:
SLC Commercial Realty & Development
Listed By:
Tyler Raynes · License #BK3419374
(772) 418-1946
Source:
Slccommercial
Added: Mar 17
Changed: Sep 4
Last Checked: Jul 30 at 2:47PM
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 SLC Commercial Realty & Development
Investment Insights
Based on property information with market context.
This build-to-suit industrial shell building is offered as a 28,800 SF structure with precast concrete wall construction. The site also includes designated outdoor storage areas, providing space for operational staging or equipment storage. The property is zoned PUD, supporting a broad range of industrial and manufacturing uses.
Located in Palm City, Florida, the site is described as approximately 3 miles from I-95, with access to the wider regional market. The property is also stated to be within 45 minutes of Palm Beach County and Palm Beach International Airport.
Offered as a shell, the building configuration is intended to support tenant-specific improvements under a build-to-suit approach within the existing industrial and manufacturing zoning framework.
Located in Palm City, Florida, the site is described as approximately 3 miles from I-95, with access to the wider regional market. The property is also stated to be within 45 minutes of Palm Beach County and Palm Beach International Airport.
Offered as a shell, the building configuration is intended to support tenant-specific improvements under a build-to-suit approach within the existing industrial and manufacturing zoning framework.
Key Highlights
- Build‑to‑suit 28,800 SF shell industrial building in Palm City, Florida
- Precast concrete wall construction
- Designated outdoor storage 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
$465,880
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
6.85%
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%
$9,317,600
$9.3M
Cap Rate 7%
$6,655,429
$6.7M
Cap Rate 9%
$5,176,444
$5.2M
Market Conditions
NOI Build-Up for 28,800 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
$580.6K $20.16/SF
− Vacancy
−$32.5K −$1.13/SF
EGI
$548.1K $19.03/SF
− OpEx
−$82.2K −$2.85/SF
NOI
$465.9K $16.18/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
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%
$9,317,600
Cap Rate 7%
$6,655,429
Cap Rate 9%
$5,176,444
Alternative Uses
Best Use
Warehouse
$6.66M
$5.82M – $7.76M
NOI $465,880 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$5.48M
$4.80M – $6.39M
NOI $383,666 @ 7.0% cap · market cap 5.64%
Theoretical Best
Retail
$7.57M
$6.62M – $8.83M
NOI $529,623 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34990, FL
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103.0 sq mi
ZIP Area
303
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
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?
Flex space - New build-to-suit 28,800 SF industrial shell includes precast concrete walls and designated outdoor storage areas.
Where is this flex space located?
The property is located at 1510 Southwest Poma Drive Palm City, FL.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Build‑to‑suit 28,800 SF shell industrial building in Palm City, Florida; Precast concrete wall construction; Designated outdoor storage areas
