Standalone Warehouse and
For Sale
$975,000
3359 SW 42nd Avenue, Palm City, FL 34990
Standalone steel warehouse with office space, positioned in a low-traffic warehouse complex near major highway access.
Property Size6,360 SF
Days on Market172
Property Features for 3359 SW 42nd Avenue
General Information
Standard status
Active
Size
6,360 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,836
Building Details
Building Size
6,360 SF
Year Built
1985
Construction
steel
Listing Agency:
R&R Ashore LLC
Listed By:
Regina Walker · License #3444820
(954) 254-7807
Source:
Meyerlucas
Added: May 5
Changed: Oct 21
Last Checked: Oct 21 at 3:42AM
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 R&R Ashore LLC
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Investment Insights
Based on property information with market context.
Standalone steel warehouse/office building currently used as a rigging facility for rigid inflatable boats. The property offers a functional layout suited to marine, automotive, light industrial, storage, service, or trades-based operations, with flexible space that can support equipment, inventory, and office needs.
The building is located within a well-maintained, low-traffic warehouse complex and provides convenient access to I-95 and Florida’s Turnpike.
As a turnkey-ready facility in a dedicated industrial setting, this property provides an operational warehouse footprint combined with office space for day-to-day business requirements.
The building is located within a well-maintained, low-traffic warehouse complex and provides convenient access to I-95 and Florida’s Turnpike.
As a turnkey-ready facility in a dedicated industrial setting, this property provides an operational warehouse footprint combined with office space for day-to-day business requirements.
Key Highlights
- Standalone steel warehouse/office building built in 1985
- Currently used as a rigging facility for rigid inflatable boats
- Functional layout suited for marine, automotive, light industrial, storage, service, or trades‑based operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,726
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,694,520
$1.7M
Cap Rate 7%
$1,210,371
$1.2M
Cap Rate 9%
$941,400
$941.4K
Market Conditions
NOI Build-Up for 6,360 SF
Gross rent
$128.2K $20.16/SF
− Vacancy
−$7.2K −$1.13/SF
EGI
$121.0K $19.03/SF
− OpEx
−$36.3K −$5.71/SF
NOI
$84.7K $13.32/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,694,520
Cap Rate 7%
$1,210,371
Cap Rate 9%
$941,400
Alternative Uses
Best Use
Warehouse
$1.47M
$1.29M – $1.71M
NOI $102,882 @ 7.0% cap · market cap 10.55%
Second Best
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,726 @ 7.0% cap · market cap 8.69%
Theoretical Best
Retail
$1.67M
$1.46M – $1.95M
NOI $116,958 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 34990, FL
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103.0 sq mi
ZIP Area
303
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Standalone steel warehouse with office space, positioned in a low-traffic warehouse complex near major highway access.
Where is this flex space located?
The property is located at 3359 SW 42nd Avenue Palm City, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Standalone steel warehouse/office building built in 1985; Currently used as a rigging facility for rigid inflatable boats; Functional layout suited for marine, automotive, light industrial, storage, service, or trades‑based operations
