Remodeled Flex Warehouse
For Sale
Contact for pricing
Pending
3801 OKEECHOBEE Road, Fort Pierce, FL 34947
Freestanding warehouse-style flex building with a side garage door, high ceilings, and on-site parking.
Property Size2,000 SF
Days on Market104
Property Features for 3801 OKEECHOBEE Road
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Mixed Use
Building Details
Year Built
1975
Listing Agency:
RE/MAX of Stuart
(772) 288-1111
Listed By:
Linda Moore · License #3102392
(772) 834-2707
Source:
Lehmannflorida
Added: Jul 18
Changed: Oct 29
Last Checked: Oct 28 at 8:30AM
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 RE/MAX of Stuart
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Investment Insights
Based on property information with market context.
This freestanding commercial building offers approximately 2,000 square feet with a flexible warehouse-style layout. The interior has been completely remodeled, featuring a large open area with high ceilings along with a small kitchen area that includes a storage room and a remodeled bathroom. The building is also equipped with a side garage door for convenient loading or access.
The property includes its own parking lot and is located near the intersection of Okeechobee Road and Virginia Avenue West, close to the Turnpike in the up-and-coming west Fort Pierce area.
Recent improvements include a new roof and a new A/C unit, with interior renovations completed throughout.
The property includes its own parking lot and is located near the intersection of Okeechobee Road and Virginia Avenue West, close to the Turnpike in the up-and-coming west Fort Pierce area.
Recent improvements include a new roof and a new A/C unit, with interior renovations completed throughout.
Key Highlights
- Freestanding commercial building available for lease with 2,000 SF and its own parking lot
- Completely remodeled interior with high ceilings and an open main area
- Includes small kitchen area plus storage room and a remodeled bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,100
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,000
$282.0K
Cap Rate 7%
$201,429
$201.4K
Cap Rate 9%
$156,667
$156.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$25.0K $12.48/SF
− Vacancy
−$4.8K −$2.41/SF
EGI
$20.1K $10.07/SF
− OpEx
−$6.0K −$3.02/SF
NOI
$14.1K $7.05/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,000
Cap Rate 7%
$201,429
Cap Rate 9%
$156,667
Alternative Uses
Best Use
Flex RnD
$277.1K
$242.4K – $323.2K
NOI $19,394 @ 7.0% cap · market cap 430.98%
Second Best
Industrial
$201.4K
$176.3K – $235.0K
NOI $14,100 @ 7.0% cap · market cap 313.33%
Theoretical Best
Office A
$503.0K
$440.1K – $586.8K
NOI $35,208 @ 7.0% cap · market cap 782.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding warehouse-style flex building with a side garage door, high ceilings, and on-site parking.
Where is this flex space located?
The property is located at 3801 OKEECHOBEE Road Fort Pierce, FL.
What are key features of this property?
This property features: Freestanding commercial building available for lease with 2,000 SF and its own parking lot; Completely remodeled interior with high ceilings and an open main area; Includes small kitchen area plus storage room and a remodeled bathroom
