Industrial Warehouse
For Sale
$950,000
3173 Railroad Avenue, Stuart, FL 34997
Two-building property with high ceilings, loft space, and 200-amp, 3-phase electrical service.
Property Size6,922 SF
Lot Size0.31 Acres
Price / SF$137.24
Days on Market272
Property Features for 3173 Railroad Avenue
General Information
Standard status
Active
Size
6,922 SF
Lot size
0.31 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Power
200 amps
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$6,098
Amenities
None, Ceiling Fan(s)
3
Concrete
4 Parking Spaces.
100x135
Building Details
Year Built
1963
Buildings
2
Listing Agency:
(772) 708-3764
Listed By:
Palm City
(772) 708-3764
Source:
Xome
Added: Dec 3, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:51PM
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 Palm City
Investment Insights
Based on property information with market context.
This industrial property includes two buildings with flexible interior configurations suited to warehouse, automotive, fabrication, or storage use. Building 1 contains 2,752 square feet and was built in 1963, with a 660-square-foot canopy, a 29-by-20-foot first bay, and additional bays measuring 80 by 27 feet. Building 2 contains 3,450 square feet, was built in 1982, and includes a 200-square-foot canopy and a 30-by-115-foot building area. High ceilings and a loft in one building add functional variety.
The site occupies a 13,500-square-foot lot measuring 100 by 135 feet, with 100 feet of frontage. It is directly across from a Florida East Coast Railroad siding and offers access to US-1 and major transportation routes. The property has 200-amp, 3-phase electrical service, industrial zoning, and four parking spaces.
The site occupies a 13,500-square-foot lot measuring 100 by 135 feet, with 100 feet of frontage. It is directly across from a Florida East Coast Railroad siding and offers access to US-1 and major transportation routes. The property has 200-amp, 3-phase electrical service, industrial zoning, and four parking spaces.
Key Highlights
- Two buildings measuring 2,752 SF and 3,450 SF
- 13,500‑square‑foot lot measuring 100 x 135
- 100 feet of frontage across from a Florida East Coast Railroad siding
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
$64,250
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%
$1,285,000
$1.3M
Cap Rate 7%
$917,857
$917.9K
Cap Rate 9%
$713,889
$713.9K
Market Conditions
NOI Build-Up for 6,922 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
$116.3K $16.80/SF
− Vacancy
−$17.4K −$2.52/SF
EGI
$98.8K $14.28/SF
− OpEx
−$34.6K −$5.00/SF
NOI
$64.3K $9.28/SF
Area
Martin County, FL
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,285,000
Cap Rate 7%
$917,857
Cap Rate 9%
$713,889
Alternative Uses
Best Use
Warehouse
$1.60M
$1.40M – $1.87M
NOI $111,973 @ 7.0% cap · market cap 11.79%
Second Best
Industrial
$1.32M
$1.15M – $1.54M
NOI $92,213 @ 7.0% cap · market cap 9.71%
Theoretical Best
Retail
$1.82M
$1.59M – $2.12M
NOI $127,294 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- DP Moving & Storage — 2614 SE Market Pl, Stuart, FL 34997
- Discount Mini Storage of Stuart, FL — 2601 SE Miami Ave, Stuart, FL 34997
- StorageMart — 1445 SE Indian St, Stuart, FL 34997
- Marine Parts Outlet — 3384 SE Dixie Hwy, Stuart, FL 34997
- Plantation Storage — 3301 SE Commerce Ave, Stuart, FL 34997
Frequently Asked Questions
What type of property is this?
Warehouse - Two-building property with high ceilings, loft space, and 200-amp, 3-phase electrical service.
Where is this warehouse located?
The property is located at 3173 Railroad Avenue Stuart, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two buildings measuring 2,752 SF and 3,450 SF; 13,500‑square‑foot lot measuring 100 x 135; 100 feet of frontage across from a Florida East Coast Railroad siding
