Six-Building Industrial
3309-3313 Oleander Avenue, Fort Pierce, FL 34982
For Sale
New
Contact for pricing
Six concrete block structures occupy two light-industrial parcels near US Highway 1.
Property Size30,558 SF
Price / SF$134.17
Days on Market5
Property Features for 3309-3313 Oleander Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Asking Price
Property Use
Building Details
Buildings
Construction
Listing Agency:
Cushman & Wakefield - Stuart
Listed By:
Douglas Legler · License FL BK3160171
(772) 405-7778
Source:
Crexi
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 5:28AM
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 Cushman & Wakefield - Stuart
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial and warehouse property comprises six concrete block buildings constructed from 1962 to 1972. Together, the buildings contain approximately 30,558 square feet across two parcels zoned IL - Light Industrial.
The property fronts Oleander Avenue in Fort Pierce, near US Highway 1, with access to I-95 and the Florida Turnpike.
The property fronts Oleander Avenue in Fort Pierce, near US Highway 1, with access to I-95 and the Florida Turnpike.
Key Highlights
- Approximately 30,558 SF across six buildings
- Two parcels zoned IL - Light Industrial
- Concrete block buildings constructed between 1962 and 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$261,597
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,231,940
$5.2M
Cap Rate 7%
$3,737,100
$3.7M
Cap Rate 9%
$2,906,633
$2.9M
Market Conditions
NOI Build-Up for 30,558 SF
Gross rent
$381.4K $12.48/SF
− Vacancy
−$73.6K −$2.41/SF
EGI
$307.8K $10.07/SF
− OpEx
−$46.2K −$1.51/SF
NOI
$261.6K $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 Rate 5%
$5,231,940
Cap Rate 7%
$3,737,100
Cap Rate 9%
$2,906,633
Alternative Uses
Best Use
Warehouse
$3.74M
$3.27M – $4.36M
NOI $261,597 @ 7.0% cap · market cap 6.38%
Second Best
Industrial
$3.08M
$2.69M – $3.59M
NOI $215,432 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$7.68M
$6.72M – $8.97M
NOI $537,943 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Fort Pierce, FL
Properties on Market for Warehouses in Fort Pierce
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Barrel Road Storage — 924 Barrel Ave, Fort Pierce, FL 34982
- Arnoff Moving And Storage — 3620 us-1, fort pierce, fl 34982
- Self-Storage at U-Haul — 3626 S US Hwy 1, Fort Pierce, FL 34982
- Wildar RV, Boat, and Trailer Storage — 3502 S US Hwy 1, Fort Pierce, FL 34982
- St.Lucie RV and Boat storage — 3385 S US Hwy 1, Fort Pierce, FL 34982
Frequently Asked Questions
What type of property is this?
Warehouse - Six concrete block structures occupy two light-industrial parcels near US Highway 1.
Where is this warehouse located?
The property is located at 3309-3313 Oleander Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Approximately 30,558 SF across six buildings; Two parcels zoned IL - Light Industrial; Concrete block buildings constructed between 1962 and 1972
