Industrial Flex Space with
For Sale
$1,500,000
3625 METZGER Road, Fort Pierce, FL 34947
Industrial zoning supports a combined warehouse and office configuration.
Property Size4,962 SF
Days on Market54
Property Features for 3625 METZGER Road
General Information
Standard status
Active
Size
4,962 SF
Property subtype
Industrial
Zoning
Industrial
Taxes and HOA fees
Annual Taxes
$5,352
Building Details
Building Size
4,962 SF
Year Built
1959
Listing Agency:
Dynasty Realty Group Inc
Listed By:
Jayson R Oneschuk · License #3233847
(954) 214-7948
Source:
Meyerlucas
Added: Aug 15
Changed: Sep 29
Last Checked: Oct 5 at 11:15PM
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 Dynasty Realty Group Inc
Investment Insights
Based on property information with market context.
This flex-space property combines warehouse and office areas within a commercial building in Fort Pierce. The building dates to 1959 and includes a roof and air-conditioning system that are each three years old. The available configuration provides a practical mix of industrial and administrative space at 3625 Metzger Road.
Key Highlights
- Just under 5K square feet of warehouse and office space
- Industrial zoning
- Roof is 3 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,700
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,000
$1.3M
Cap Rate 7%
$895,714
$895.7K
Cap Rate 9%
$696,667
$696.7K
Market Conditions
NOI Build-Up for 4,962 SF
Gross rent
$107.2K $21.60/SF
− Vacancy
−$23.6K −$4.75/SF
EGI
$83.6K $16.85/SF
− OpEx
−$20.9K −$4.21/SF
NOI
$62.7K $12.64/SF
Area
St. Lucie County, FL
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,000
Cap Rate 7%
$895,714
Cap Rate 9%
$696,667
Alternative Uses
Best Use
Office B
$895.7K
$783.8K – $1.05M
NOI $62,700 @ 7.0% cap · market cap 4.18%
Second Best
Flex RnD
$687.4K
$601.5K – $801.9K
NOI $48,116 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,351 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34947, FL
13,933
Population
4,691
Households
3
Avg Household Size
32
Median Age
19%
College-Educated
81%
High-School Grad
9.7 sq mi
ZIP Area
1,436
Density / Sq Mi
$44,985
Median Household Income
$31,968
Median Earnings
$1,125
Median Rent
$202,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- TasTee Salads & More — N 37th St, Fort Pierce, FL 34947
Frequently Asked Questions
What type of property is this?
Flex space - Industrial zoning supports a combined warehouse and office configuration.
Where is this flex space located?
The property is located at 3625 METZGER Road Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Just under 5K square feet of warehouse and office space; Industrial zoning; Roof is 3 years old
