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 Market15
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
(954) 214-7948
Listed By:
Jayson R Oneschuk · License #3233847
(954) 214-7948
Source:
Meyerlucas
Added: Aug 15
Changed: Aug 26
Last Checked: Aug 29 at 3:35PM
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 = 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
$62,700
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
4.18%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
