15803 SW Farm Road, Indiantown, FL 34956

Building Details

Year Built 1969 More

Buildings 2 More

Listing Agency: Coldwell Banker Realty - Wellington

Listed By: Virginia Standish · License FL #3387818 Show Phone

Source: Crexi

Added: Mar 5, 2024 Changed: Oct 25 Last Checked: Aug 14 at 5:59AM

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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 Coldwell Banker Realty - Wellington

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Investment Insights

Based on property information with market context.

This property presents an opportunity to develop a mixed-use project with housing, industrial uses, and shipping access. The site, comprised of 3 parcels being sold as 1, spans approximately 7,229 square feet and includes 3.6 acres zoned for industrial use. The mixed-use designation allows for 20 housing units per acre. The property features two buildings, three-phase electric power, and a truck scale, with room for expansion and truck parking. Public utilities are available. Shipping options include CSX railroad, with an approved private rail spur across the front of the property, and truck transport. The property is located in Indiantown, Martin County, Florida, an area experiencing growth in industrial and commercial construction. It offers convenient access to shipping ports, the Palm Beaches, and other parts of Florida via State Road 710 (Kanner Highway) to the east coast and Highway 70 to the west coast and St. Lucie County. The property is situated within a federally designated Opportunity Zone, providing potential capital gains tax benefits for qualified businesses.

Key Highlights

• 20 Housing Units per Acre permitted under Mixed Use zoning.
• CSX Railroad access with approved private Rail Spur.
• Federally designated Opportunity Zone offering capital gains tax shelter.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,273

Cap Rate

4.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,845,460 $1.8M

Cap Rate 7%

$1,318,186 $1.3M

Cap Rate 9%

$1,025,256 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,229 SF

Gross rent

$158.7K $21.96/SF

− Vacancy

−$11.1K −$1.54/SF

EGI

$147.6K $20.42/SF

− OpEx

−$55.4K −$7.66/SF

NOI

$92.3K $12.76/SF

Area

Martin County, FL

Vacancy

7.00%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,845,460

Cap Rate 7%

$1,318,186

Cap Rate 9%

$1,025,256

Alternative Uses

Best Use

Mixed Use

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,273 @ 7.0% cap · market cap 4.39%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.08M

$1.82M – $2.42M (±1% cap)

NOI $145,390 @ 7.0% cap · market cap 6.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

All About Flowers (Bike/Boat/Book/etc) Store Indiantown Recycling Metal Fabrication Plant

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Dental Office Law Firm Parking Lot & Garage Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

291

Businesses Nearby

Explore this area Business Placement

Demographics for 34956, FL

10,322

Population

2,488

Households

4.1

Avg Household Size

34

Median Age

10%

College-Educated

69%

High-School Grad

166.2 sq mi

ZIP Area

62

Density / Sq Mi

$57,500

Median Household Income

$25,293

Median Earnings

$927

Median Rent

$203,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use development site with industrial zoning and housing potential.

Where is this mixed-use property located?

The property is located at 15803 SW Farm Road Indiantown, FL.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 20 Housing Units per Acre permitted under Mixed Use zoning.; CSX Railroad access with approved private Rail Spur.; Federally designated Opportunity Zone offering capital gains tax shelter.