Warehouse with Air-Conditioned
For Sale
$205,000
3781 Oleander Avenue, Fort Pierce, FL 34982
Warehouse space includes an air-conditioned office, suited for storage, workshop, or small business use.
Property Size1,035 SF
Price / SF$198.07
Days on Market992
Property Features for 3781 Oleander Avenue
General Information
Standard status
Active
Size
1,035 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,787
Amenities
Electric, Window/Wall Unit, Ceiling Fan(s)
3
Corner Lot.
Corner.
Building Details
Year Built
2006
Stories
2
Listing Agency:
Keller Williams Realty of PSL
(772) 236-5700
Listed By:
Carmelot Dorsainrre · License #3288669
(772) 247-0797
Source:
Xome
Added: Dec 18, 2023
Changed: Sep 2
Last Checked: Sep 5 at 5:03AM
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 Keller Williams Realty of PSL
Investment Insights
Based on property information with market context.
This warehouse property includes a spacious warehouse area and an air-conditioned office. The configuration supports a range of practical uses, including storage, a small workshop, or operations that benefit from dedicated office space.
The property is located on Oleander Avenue in Fort Pierce, with access to major highways described as convenient for logistics and day-to-day operations.
Offered for sale, the building is presented as versatile commercial space for buyers seeking a functional warehouse with on-site office amenities.
The property is located on Oleander Avenue in Fort Pierce, with access to major highways described as convenient for logistics and day-to-day operations.
Offered for sale, the building is presented as versatile commercial space for buyers seeking a functional warehouse with on-site office amenities.
Key Highlights
- 1,035‑square‑foot warehouse at 3781 Oleander Avenue, Fort Pierce, FL
- Warehouse includes an air‑conditioned office
- Corner lot location
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
$8,860
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
4.32%
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%
$177,200
$177.2K
Cap Rate 7%
$126,571
$126.6K
Cap Rate 9%
$98,444
$98.4K
Market Conditions
NOI Build-Up for 1,035 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
$12.9K $12.48/SF
− Vacancy
−$2.5K −$2.41/SF
EGI
$10.4K $10.07/SF
− OpEx
−$1.6K −$1.51/SF
NOI
$8.9K $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%
$177,200
Cap Rate 7%
$126,571
Cap Rate 9%
$98,444
Alternative Uses
Best Use
Warehouse
$126.6K
$110.8K – $147.7K
NOI $8,860 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.3K
$227.8K – $303.7K
NOI $18,220 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
431
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Warehouse space includes an air-conditioned office, suited for storage, workshop, or small business use.
Where is this warehouse located?
The property is located at 3781 Oleander Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,035‑square‑foot warehouse at 3781 Oleander Avenue, Fort Pierce, FL; Warehouse includes an air‑conditioned office; Corner lot location
