Renovated Flex Office Warehouse
2007 Okeechobee Rd Fort Pierce, FL 34950
For Sale
Contact for pricing
Two single-story warehouse buildings with office space, city services, and major road frontage for flexible commercial use.
Property Size10,943 SF
Lot Size1.50 Acres
Price / SF$117.88
Days on Market58
Property Features for 2007 Okeechobee Rd
General Information
- Standard status
- Active
- Size
- 10,943 SF
- Lot size
- 1.50 Acres
- Property subtype
- Office, Industrial
Listing Agency:
Charles A. Von Stein, Inc
Listed By:
Kirk Von Stein · License #FL
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 23 at 10:31AM
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 Charles A. Von Stein, Inc
Investment Insights
Based on property information with market context.
The Okeechobee Office Warehouse Complex is a single-story, recently renovated property comprising two buildings totaling 10,943 square feet on 1.50 acres. Building 2007 includes 3,399 square feet, while Building 2101 includes 7,594 square feet split into Unit 2101A and Unit 2101B. The complex has city water and sewer and is served by Florida Power and Light. Recent improvements include extensive interior and exterior updates such as new paint and signage.
The property provides access on both Georgia Avenue and Okeechobee Road, with 383 lineal feet of frontage on Okeechobee Road, identified as a major east-west thoroughfare in Fort Pierce. It is also described as being located near Indian River State College and the Fiske Boulevard I-95 intersection.
Zoned General Commercial, the buildings can support a range of tenant or owner-operator needs where a warehouse environment paired with office space is useful. With two separate structures and a split configuration within Building 2101, the layout offers flexibility for different operating setups within the same complex.
The property provides access on both Georgia Avenue and Okeechobee Road, with 383 lineal feet of frontage on Okeechobee Road, identified as a major east-west thoroughfare in Fort Pierce. It is also described as being located near Indian River State College and the Fiske Boulevard I-95 intersection.
Zoned General Commercial, the buildings can support a range of tenant or owner-operator needs where a warehouse environment paired with office space is useful. With two separate structures and a split configuration within Building 2101, the layout offers flexibility for different operating setups within the same complex.
Key Highlights
- 10,943 SF office/warehouse complex across two single‑story buildings on 1.50 acres
- Building 2007 offers 3,399 SF; Building 2101 offers 7,594 SF split into Unit 2101A and Unit 2101B
- General Commercial zoning with access from both Georgia Avenue and Okeechobee Road
Financial Insights For Flex RnD
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 | $183.8k | $16.80 |
| − Vacancy | −$20.6k | −$1.88 |
| EGI | $163.3k | $14.92 |
| − OpEx | −$57.1k | −$5.22 |
| NOI | $106.1k | $9.70 |
10,943 SF · lease $16.80/SF/yr · vacancy 11.20% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.30M
NOI $138,276 @ 7.0% cap · market cap 10.72%
Second Best
Flex RnD
$1.52M
$1.33M – $1.77M
NOI $106,114 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,641 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Two single-story warehouse buildings with office space, city services, and major road frontage for flexible commercial use.
Where is this flex space located?
The property is located at 2007 Okeechobee Rd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 10,943 SF office/warehouse complex across two single‑story buildings on 1.50 acres; Building 2007 offers 3,399 SF; Building 2101 offers 7,594 SF split into Unit 2101A and Unit 2101B; General Commercial zoning with access from both Georgia Avenue and Okeechobee Road
