Fort Pierce Industrial
For Sale
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2130 Old Dixie Hwy, Fort Pierce, FL 34946
Industrial property for sale in Fort Pierce, Florida.
Property Size35,543 SF
Price / SF$126.61
Days on Market158
Property Features for 2130 Old Dixie Hwy
General Information
Standard status
Active
Size
35,543 SF
Class
C
Property subtype
Industrial
Zoning
INDUSTRIAL LIIGHT
Occupancy
12%
Building Details
Year Built
1984
Year Renovated
1998
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Paradise Fort Pierce
(772) 473-0826
Listed By:
Frank Strazzulla · License #3339351
Source:
Crexi
Added: Mar 7
Changed: Aug 8
Last Checked: Aug 11 at 6:16AM
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 Commercial Paradise Fort Pierce
Investment Insights
Based on property information with market context.
This industrial property, located in Fort Pierce, Florida, encompasses a total of 35,543 square feet. The property is identified by parcel IDs 1433-410-0002-000-6, 1433-440-0001-020-8, and 1434-330-0001-000-7. It is suitable for warehouse and other commercial real estate uses.
Key Highlights
- Includes multiple parcels (Parcel IDs: 1433‑410‑0002‑000‑6, 1433‑440‑0001‑020‑8, 1434‑330‑0001‑000‑7)
- Built in 1984
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
$304,271
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
6.76%
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%
$6,085,420
$6.1M
Cap Rate 7%
$4,346,729
$4.3M
Cap Rate 9%
$3,380,789
$3.4M
Market Conditions
NOI Build-Up for 35,543 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
$443.6K $12.48/SF
− Vacancy
−$85.6K −$2.41/SF
EGI
$358.0K $10.07/SF
− OpEx
−$53.7K −$1.51/SF
NOI
$304.3K $8.56/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$6,085,420
Cap Rate 7%
$4,346,729
Cap Rate 9%
$3,380,789
Alternative Uses
Best Use
Warehouse
$4.35M
$3.80M – $5.07M
NOI $304,271 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$3.58M
$3.13M – $4.18M
NOI $250,576 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$8.94M
$7.82M – $10.43M
NOI $625,699 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34946, FL
6,793
Population
3,435
Households
2
Avg Household Size
42
Median Age
14%
College-Educated
72%
High-School Grad
15.2 sq mi
ZIP Area
447
Density / Sq Mi
$40,488
Median Household Income
$27,591
Median Earnings
$1,000
Median Rent
$128,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Safe Harbor Harbortown — 1936 Harbortown Dr, Fort Pierce, FL 34946
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- Storage King USA — 2448 US-1, Fort Pierce, FL 34946
- StoragePUP of Fort Pierce — 2303 US-1, Fort Pierce, FL 34946
- Sea Coast Self Storage — St Lucie, FL 34946
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property for sale in Fort Pierce, Florida.
Where is this warehouse located?
The property is located at 2130 Old Dixie Hwy Fort Pierce, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Includes multiple parcels (Parcel IDs: 1433‑410‑0002‑000‑6, 1433‑440‑0001‑020‑8, 1434‑330‑0001‑000‑7); Built in 1984
