Industrial Yard with 2 Pole
For Sale
Contact for pricing
15820 Orange Ave / SR68, Fort Pierce, FL 34945
Industrial-zoned acreage combines two pole barns with a partially stabilized yard and security lighting.
Property Size11,200 SF
Price / SF$147.32
Days on Market15
Property Features for 15820 Orange Ave / SR68
General Information
Standard status
Active
Size
11,200 SF
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Mark Walters & Company
Listed By:
Mark Walters · License #BK435390
(772) 468-8306
Source:
Crexi
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 1 at 12:28AM
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 Mark Walters & Company
Investment Insights
Based on property information with market context.
This industrial property encompasses 6.84 acres with two large pole barns and a partially stabilized yard. Security lighting supports the site, which also has two entrances for access from Orange Ave / SR68. The parcel provides 536.69 feet of frontage and extends 555 feet in depth.
The property is positioned across from Carter's Grocery and beside Carboy Industrial Park in Fort Pierce. I-95 access is available via Exit 131 at Orange Ave / SR68, approximately 5.6 miles from the site. The address is 15820 Orange Ave / SR68, Fort Pierce, Florida 34945.
The property is positioned across from Carter's Grocery and beside Carboy Industrial Park in Fort Pierce. I-95 access is available via Exit 131 at Orange Ave / SR68, approximately 5.6 miles from the site. The address is 15820 Orange Ave / SR68, Fort Pierce, Florida 34945.
Key Highlights
- 6.84‑acre industrial property with two large pole barns
- 536.69 feet of frontage and 555 feet of depth
- Two site entrances from Orange Ave / SR68
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
$95,879
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
5.81%
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%
$1,917,580
$1.9M
Cap Rate 7%
$1,369,700
$1.4M
Cap Rate 9%
$1,065,322
$1.1M
Market Conditions
NOI Build-Up for 11,200 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
$139.8K $12.48/SF
− Vacancy
−$27.0K −$2.41/SF
EGI
$112.8K $10.07/SF
− OpEx
−$16.9K −$1.51/SF
NOI
$95.9K $8.56/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /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%
$1,917,580
Cap Rate 7%
$1,369,700
Cap Rate 9%
$1,065,322
Alternative Uses
Best Use
Warehouse
$1.37M
$1.20M – $1.60M
NOI $95,879 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.46M – $3.29M
NOI $197,165 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34945, FL
5,831
Population
2,026
Households
2.9
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
217.4 sq mi
ZIP Area
27
Density / Sq Mi
$72,941
Median Household Income
$36,180
Median Earnings
$747
Median Rent
$285,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Orange Ave Inland Storage — 15601 Orange Ave #4212, Fort Pierce, FL 34945
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned acreage combines two pole barns with a partially stabilized yard and security lighting.
Where is this warehouse located?
The property is located at 15820 Orange Ave / SR68 Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6.84‑acre industrial property with two large pole barns; 536.69 feet of frontage and 555 feet of depth; Two site entrances from Orange Ave / SR68
