Multi-Tenant Investment
3802 OLEANDER AVENUE Fort Pierce, FL 34982
For Sale
$1,499,999
Industrial warehouse and office building on 0.92 acres.
Property Size5,520 SF
Lot Size0.92 Acres
Price / SF$271.74
Days on Market1099
Property Features for 3802 OLEANDER AVENUE
General Information
Standard status
Active
Size
5,520 SF
Lot size
0.92 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1973
Listing Agency:
AMERICAN REALTY OF PSL LLC
(772) 200-5418
Listed By:
Daniel Castaneda · License #3421869
(772) 200-5418
Source:
Exitrealty
Added: Jul 28, 2023
Changed: Jul 6
Last Checked: Jul 29 at 6:02AM
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 AMERICAN REALTY OF PSL LLC
Investment Insights
Based on property information with market context.
This multi-tenant investment opportunity features an industrial warehouse building with 5 bays, totaling 4020 square feet, constructed in 1985. Additionally, there is a separate office building comprising 1620 square feet. Four of the bays are drywalled, insulated, and cooled by two 5-ton A/C units, currently utilized as an auditorium. The fifth bay and the separate office building, along with a fenced-in area, are currently occupied by a Veterinary Medical Center. The property is situated on 0.92 acres with a completely paved parking lot on Oleander Avenue.
Key Highlights
- Multi‑tenant investment opportunity with industrial warehouse and separate office building.
- Large .92 acre lot with completely paved parking lot on busy Oleander Ave.
- Warehouse building with 5 bays totaling 4020 sq ft, 4 bays drywalled, insulated, and cooled with 2 5‑ton A/C units.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.1k | $25.20 |
| − Vacancy | −$14.6k | −$2.65 |
| EGI | $124.5k | $22.55 |
| − OpEx | −$49.8k | −$9.02 |
| NOI | $74.7k | $13.53 |
5,520 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.07M
$933.7K – $1.24M
NOI $74,699 @ 7.0% cap · market cap 4.98%
Second Best
Mixed Use
$1.06M
$931.5K – $1.24M
NOI $74,520 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,174 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Industrial warehouse and office building on 0.92 acres.
Where is this mixed-use property located?
The property is located at 3802 OLEANDER AVENUE Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Multi‑tenant investment opportunity with industrial warehouse and separate office building.; Large .92 acre lot with completely paved parking lot on busy Oleander Ave.; **Warehouse building with 5 bays totaling 4020 sq ft, 4 bays drywalled, insulated, and cooled with 2 5‑ton A/C units.**
