Industrial Warehouse with Fenced
New
For Sale
$7,218,000
3500 Enterprise Road, Fort Pierce, FL 34982
Separate entrances on two roads provide truck and fleet access to the site.
Property Size59,332 SF
Lot Size7.67 Acres
Price / SF$122.34
Days on Market3
Property Features for 3500 Enterprise Road
General Information
Standard status
Active
Size
59,332 SF
Lot size
7.67 Acres
Zoning
Light In
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Three-Phase Power
Yes
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$99,336
Building Details
Building Size
59,332 SF
Year Built
1971
Listing Agency:
North 2 South Realty Int'l Inc
Listed By:
Lina Daskal
(786) 944-6055
Source:
Laerrealty
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 12 at 4:31PM
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 North 2 South Realty Int'l Inc
Investment Insights
Based on property information with market context.
The Fort Pierce industrial property contains approximately 59,000 SF of improvements on approximately 7.67 acres. Its open warehouse area is complemented by multiple loading points, covered areas, heavy 3-phase electrical service, and a fenced yard with room for truck maneuvering. The building was constructed in 1971 and has remained vacant during the current ownership, leaving the interior open for a purchaser’s configuration.
Access is available from Enterprise Road and Oleander Avenue. US-1, I-95, and Florida’s Turnpike provide regional route connections.
Access is available from Enterprise Road and Oleander Avenue. US-1, I-95, and Florida’s Turnpike provide regional route connections.
Key Highlights
- Approximately 59,000 SF of improvements on approximately 7.67 acres
- Open warehouse area with multiple loading points and covered areas
- Heavy 3‑phase electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$505,079
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,101,580
$10.1M
Cap Rate 7%
$7,215,414
$7.2M
Cap Rate 9%
$5,611,989
$5.6M
Market Conditions
NOI Build-Up for 59,000 SF
Gross rent
$736.3K $12.48/SF
− Vacancy
−$142.1K −$2.41/SF
EGI
$594.2K $10.07/SF
− OpEx
−$89.1K −$1.51/SF
NOI
$505.1K $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%
$10,101,580
Cap Rate 7%
$7,215,414
Cap Rate 9%
$5,611,989
Alternative Uses
Best Use
Warehouse
$7.22M
$6.31M – $8.42M
NOI $505,079 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$5.94M
$5.20M – $6.93M
NOI $415,947 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$14.84M
$12.98M – $17.31M
NOI $1,038,636 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
490
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Extra Space Storage — 3900 S US Hwy 1, Fort Pierce, FL 34982
- 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
Frequently Asked Questions
What type of property is this?
Warehouse - Separate entrances on two roads provide truck and fleet access to the site.
Where is this warehouse located?
The property is located at 3500 Enterprise Road Fort Pierce, FL.
What is the asking price?
The asking price for this property is $7,218,000.
What are key features of this property?
This property features: Approximately 59,000 SF of improvements on approximately 7.67 acres; Open warehouse area with multiple loading points and covered areas; Heavy 3‑phase electrical service
