Industrial Property in Fort
For Sale
$3,299,000
16050 Orange Ave, Fort Pierce, FL 34945
Fully equipped industrial property with office and warehouse space for sale.
Property Size14,224 SF
Lot Size1.98 Acres
Price / SF$231.93
Days on Market155
Property Features for 16050 Orange Ave
General Information
Standard status
Active
Size
14,224 SF
Lot size
1.98 Acres
Building Details
Year Built
1986
Listing Agency:
Coldwell Banker Paradise
Listed By:
Frank Strazzulla
(772) 589-7777
Source:
Thepennteam
Added: Apr 7
Changed: Sep 8
Last Checked: Aug 25 at 5:43AM
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 Paradise
Investment Insights
Based on property information with market context.
Located in Fort Pierce, FL, the industrial property at 16050 Orange Ave presents an investment opportunity. The property, zoned for light industrial use, spans 1.98 acres and includes a 15,148 square foot building. The building is divided into 4,000 square feet of office space and 11,148 square feet of warehouse space. The premises are fully fenced and secured. Covered parking is available for up to 12 vehicles. The property also features a parts counter. Originally built in 1986, the facility was renovated in 2021. This well-maintained property is suitable for industrial and manufacturing ventures, offering potential for investors or owner-users.
Key Highlights
- Fully equipped industrial property with 15,148 SF building (4,000 SF office, 11,148 SF warehouse).
- Located on 1.98 acres of prime light industrial zoned land in Fort Pierce, FL.
- Fully fenced and secured premises.
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
$137,930
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
4.18%
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%
$2,758,600
$2.8M
Cap Rate 7%
$1,970,429
$2.0M
Cap Rate 9%
$1,532,556
$1.5M
Market Conditions
NOI Build-Up for 14,224 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
$239.0K $16.80/SF
− Vacancy
−$26.8K −$1.88/SF
EGI
$212.2K $14.92/SF
− OpEx
−$74.3K −$5.22/SF
NOI
$137.9K $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%
$2,758,600
Cap Rate 7%
$1,970,429
Cap Rate 9%
$1,532,556
Alternative Uses
Best Use
Flex RnD
$1.97M
$1.72M – $2.30M
NOI $137,930 @ 7.0% cap · market cap 4.18%
Second Best
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,767 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,399 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
32
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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Frequently Asked Questions
What type of property is this?
Flex space - Fully equipped industrial property with office and warehouse space for sale.
Where is this flex space located?
The property is located at 16050 Orange Ave Fort Pierce, FL.
What is the asking price?
The asking price for this property is $3,299,000.
What are key features of this property?
This property features: Fully equipped industrial property with **15,148 SF building** (4,000 SF office, 11,148 SF warehouse).; Located on 1.98 acres of prime light industrial zoned land in Fort Pierce, FL.; Fully fenced and secured premises.
