Fort Pierce Industrial
For Sale
Contact for pricing
Pending
408 Farmers Market Rd, Fort Pierce, FL 34982
Two industrial warehouses totaling 15,050 SF on 0.78 acres.
Property Size15,050 SF
Lot Size0.78 Acres
Days on Market226
Property Features for 408 Farmers Market Rd
General Information
Standard status
Pending
Size
15,050 SF
Lot size
0.78 Acres
Property subtype
Industrial
Zoning
Light Industrial
Occupancy
63%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1966
Year Renovated
2022
Buildings
2
Stories
1
Units
7
Listing Agency:
NAI Southcoast
Listed By:
Reid Armor · License #FL SL3328981
(773) 631-4248
Source:
Crexi
Added: Feb 23
Changed: Sep 24
Last Checked: Oct 5 at 4:39PM
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 NAI Southcoast
Investment Insights
Based on property information with market context.
Two combined industrial warehouses, totaling approximately 15,050 square feet, are situated on a gated and secured 0.78-acre site. The property is located within an established light industrial corridor near US Highway 1. Zoned Light Industrial, the property offers functional warehouse space with a flexible layout suitable for distribution, storage, light manufacturing, contractor operations, and trade-related services. The secure site configuration provides controlled access and efficient yard functionality. The property is located within the Fort Pierce industrial submarket, benefiting from regional growth, proximity to major transportation routes, and demand for small to mid-bay industrial product. The property represents an opportunity to acquire a well-located industrial asset in an expanding Treasure Coast market.
Key Highlights
- Two combined ±15,050 square foot industrial warehouses.
- Located on a gated and secured ±0.78‑acre site.
- Zoned Light Industrial, suitable for various uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,838
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,576,760
$2.6M
Cap Rate 7%
$1,840,543
$1.8M
Cap Rate 9%
$1,431,533
$1.4M
Market Conditions
NOI Build-Up for 15,050 SF
Gross rent
$187.8K $12.48/SF
− Vacancy
−$36.3K −$2.41/SF
EGI
$151.6K $10.07/SF
− OpEx
−$22.7K −$1.51/SF
NOI
$128.8K $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 Rate 5%
$2,576,760
Cap Rate 7%
$1,840,543
Cap Rate 9%
$1,431,533
Alternative Uses
Best Use
Warehouse
$1.84M
$1.61M – $2.15M
NOI $128,838 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.78M
$3.31M – $4.42M
NOI $264,940 @ 7.0% cap · market cap 13.28%
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
486
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial warehouses totaling 15,050 SF on 0.78 acres.
Where is this warehouse located?
The property is located at 408 Farmers Market Rd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Two combined ±15,050 square foot industrial warehouses.; Located on a gated and secured ±0.78‑acre site.; Zoned Light Industrial, suitable for various uses.
