Fort Pierce Industrial
16050 Orange Ave Fort Pierce, FL 34945
For Sale
$3,299,000
Fully equipped industrial property with office and warehouse space.
Property Size15,148 SF
Lot Size1.98 Acres
Price / SF$217.78
Days on Market118
Property Features for 16050 Orange Ave
General Information
Standard status
Active
Size
15,148 SF
Lot size
1.98 Acres
Property subtype
Industrial
Building Details
Year Built
1986
Listing Agency:
Coldwell Banker Paradise | Fort Pierce (North)
(772) 473-0826
Listed By:
Frank Strazzulla
(772) 473-0826
Source:
Elliman
Added: Apr 4
Changed: Jul 10
Last Checked: Jul 29 at 9:44AM
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 | Fort Pierce (North)
Investment Insights
Based on property information with market context.
Located in Fort Pierce, FL, the property at 16050 Orange Ave presents an investment opportunity. The property, zoned for light industrial use, spans 1.98 acres. It features a 15,148 square foot building, including 4,000 square feet of office space and 11,148 square feet of warehouse space. The premises are fully fenced and secured, and include covered parking for up to 12 vehicles. A parts counter is also present. Constructed in 1986 and renovated in 2021, this well-maintained facility is suitable for industrial and manufacturing ventures, and is ideal for investors or owner users.
Key Highlights
- Fully equipped industrial property with 15,148 SF building.
- Located on 1.98 acres of prime light industrial zoned land.
- Features 4,000 SF of office space and 11,148 SF of warehouse space.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $327.2k | $21.60 |
| − Vacancy | −$72.0k | −$4.75 |
| EGI | $255.2k | $16.85 |
| − OpEx | −$63.8k | −$4.21 |
| NOI | $191.4k | $12.64 |
15,148 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.19M
NOI $191,410 @ 7.0% cap · market cap 5.80%
Second Best
Flex RnD
$2.10M
$1.84M – $2.45M
NOI $146,890 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,665 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Fully equipped industrial property with office and warehouse space.
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.; Located on 1.98 acres of prime light industrial zoned land.; Features 4,000 SF of office space and 11,148 SF of warehouse space.
