Industrial Warehouse with Rail
For Sale
Contact for pricing
3340 Enterprise Road, Fort Pierce, FL 34982
Warehouse and office space with loading docks, mezzanines, and high power capacity, plus optional live-load rail service.
Property Size29,049 SF
Price / SF$165.24
Days on Market70
Property Features for 3340 Enterprise Road
General Information
Standard status
Active
Size
29,049 SF
Property subtype
Industrial
Zoning
IL - Industrial Warehouse
Investment Type
Sale/Leaseback
Warehouse & Industrial
Clear Height
20 ft
Heavy Power
Yes
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1967
Buildings
4
Listing Agency:
Crady Mackin Belland Commercial Real Estate
(772) 286-5744
Listed By:
Matthew Mondo · License #FL SL3445909
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 11 at 1:57PM
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 Crady Mackin Belland Commercial Real Estate
Investment Insights
Based on property information with market context.
This industrial property includes approximately 29,049 SF of warehouse space with multiple bays and up to 20' clear height. The building features loading docks, air-conditioned office areas, and multiple mezzanine levels that add additional usable floor area. Electrical service is a key attribute, with approximately 1,600 amps available to support a wide range of industrial, manufacturing, distribution, or specialty-use operations. Municipal water and sewer are available, and natural gas is available to the site.
Located at 3340 Enterprise Road in Fort Pierce, the property is supported by logistics-oriented infrastructure, including the option to "live load" from the Florida East Coast Railway spur. Plans are available to construct a direct rail spur into the property, which can further enhance distribution capabilities. Future road abandonment is expected to be annexed into the property, which may increase total site acreage and operational flexibility.
An expansion option is also available, with plans for the addition of approximately 10,000 SF of warehouse space. The property may be delivered either vacant or subject to a sale-leaseback agreement, providing flexibility for an owner-user or an investor seeking an adaptable acquisition structure. Plans and additional materials are available upon request.
Located at 3340 Enterprise Road in Fort Pierce, the property is supported by logistics-oriented infrastructure, including the option to "live load" from the Florida East Coast Railway spur. Plans are available to construct a direct rail spur into the property, which can further enhance distribution capabilities. Future road abandonment is expected to be annexed into the property, which may increase total site acreage and operational flexibility.
An expansion option is also available, with plans for the addition of approximately 10,000 SF of warehouse space. The property may be delivered either vacant or subject to a sale-leaseback agreement, providing flexibility for an owner-user or an investor seeking an adaptable acquisition structure. Plans and additional materials are available upon request.
Key Highlights
- Approximately 29,049 SF warehouse with multiple warehouse bays and up to 20' height, plus loading docks
- Multiple mezzanine levels and air‑conditioned office areas add usable interior floor space
- Significant power capacity with approximately 1,600 amps available, plus natural gas available to the site
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
$248,678
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
5.18%
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%
$4,973,560
$5.0M
Cap Rate 7%
$3,552,543
$3.6M
Cap Rate 9%
$2,763,089
$2.8M
Market Conditions
NOI Build-Up for 29,049 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
$362.5K $12.48/SF
− Vacancy
−$70.0K −$2.41/SF
EGI
$292.6K $10.07/SF
− OpEx
−$43.9K −$1.51/SF
NOI
$248.7K $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%
$4,973,560
Cap Rate 7%
$3,552,543
Cap Rate 9%
$2,763,089
Alternative Uses
Best Use
Warehouse
$3.55M
$3.11M – $4.14M
NOI $248,678 @ 7.0% cap · market cap 5.18%
Second Best
Industrial
$2.93M
$2.56M – $3.41M
NOI $204,794 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$7.31M
$6.39M – $8.52M
NOI $511,379 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
442
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
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and office space with loading docks, mezzanines, and high power capacity, plus optional live-load rail service.
Where is this warehouse located?
The property is located at 3340 Enterprise Road Fort Pierce, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Approximately 29,049 SF warehouse with multiple warehouse bays and up to 20' height, plus loading docks; Multiple mezzanine levels and air‑conditioned office areas add usable interior floor space; Significant power capacity with approximately 1,600 amps available, plus natural gas available to the site
