Renovated Flex Space
For Sale
$3,299,000
16050 Orange Avenue, Fort Pierce, FL
Commercial Sale, Fort Pierce, FL
Property Size14,224 SF
Lot Size1.98 Acres
Price / SF$231.93
Days on Market216
Property Features for 16050 Orange Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Parking
12
Parking features
Covered
Security features
Security System
Fencing
Chain Link, Fenced
Directions
I95 NORTH, EXIT ORANGE AVENUE, MAKE LEFT
Subdivision
7300
Standard status
Active
APN
221213300010003
Size
14,224 SF
Lot size
1.98 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
12 35 38 W 150 FT OF S 574 FT OF THAT PART OF SW 1/4 OF NE 1/4 LYG N OF ORANGE AV AND E OF CANAL #57 (1.98 AC) (OR 3548-1964)
Tax Annual Amount
15400
Legal Description
12 35 38 W 150 FT OF S 574 FT OF THAT PART OF SW 1/4 OF NE 1/4 LYG N OF ORANGE AV AND E OF CANAL #57 (1.98 AC) (OR 3548-1964)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
convenient parts counter
Building Details
Year built
1986
Floors in Building
2
Building materials
Metal Frame, Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Coldwell Banker Paradise · Coldwell Banker Real Estate
(772) 461-3250
Listed By:
Frank Strazzulla · License #3339351
(772) 473-0826
Added: Apr 2
Changed: Oct 25
Last Checked: Nov 3 at 12:06PM
MLS# B26010913
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space property includes a 14,224-square-foot building on 1.98 acres at 16050 Orange Avenue in Fort Pierce. The facility combines office, warehouse, and shop areas, with a parts counter supporting the existing configuration. Metal-frame construction, metal siding, and a metal roof provide the primary building materials, while central electric heating and central air conditioning serve the interior.
The property is enclosed by chain-link fencing, with covered parking for up to 10 vehicles. Industrial zoning supports the site’s commercial classification. Public water and public sewer are available, along with cable service. Originally built in 1986, the facility was renovated in 2021.
The property is enclosed by chain-link fencing, with covered parking for up to 10 vehicles. Industrial zoning supports the site’s commercial classification. Public water and public sewer are available, along with cable service. Originally built in 1986, the facility was renovated in 2021.
Key Highlights
- 14,224‑square‑foot building situated on 1.98 acres
- Industrial zoning in Fort Pierce, FL
- Office, warehouse, and shop areas within the facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,734
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,594,680
$3.6M
Cap Rate 7%
$2,567,629
$2.6M
Cap Rate 9%
$1,997,044
$2.0M
Market Conditions
NOI Build-Up for 14,224 SF
Gross rent
$307.2K $21.60/SF
− Vacancy
−$67.6K −$4.75/SF
EGI
$239.6K $16.85/SF
− OpEx
−$59.9K −$4.21/SF
NOI
$179.7K $12.64/SF
Area
St. Lucie County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,594,680
Cap Rate 7%
$2,567,629
Cap Rate 9%
$1,997,044
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $179,734 @ 7.0% cap · market cap 5.45%
Second Best
Flex RnD
$1.97M
$1.72M – $2.30M
NOI $137,930 @ 7.0% cap · market cap 4.18%
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial zoning, fenced grounds, covered parking, and a parts counter define the property’s practical commercial setup.
Where is this flex space located?
The property is located at 16050 Orange Avenue 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: 14,224‑square‑foot building situated on 1.98 acres; Industrial zoning in Fort Pierce, FL; Office, warehouse, and shop areas within the facility
