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 Market201
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) 473-0826
Source:
Thepennteam
Added: Apr 7
Changed: Oct 13
Last Checked: Oct 7 at 4:54PM
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
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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 / Yr
$137,930
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
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.
