Fort Pierce Industrial Warehouse on
For Sale
$1,950,000
415 ANGLE Rd, Fort Pierce, FL 34947
8,410 SF warehouse on 2.64 acres, Fort Pierce.
Property Size8,424 SF
Lot Size2.64 Acres
Price / SF$231.87
Days on Market155
Property Features for 415 ANGLE Rd
General Information
Standard status
Active
Size
8,424 SF
Lot size
2.64 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$10,471
Building Details
Building Size
8,424 SF
Year Built
1958
Listing Agency:
EXP REALTY LLC
(727) 510-1624
Listed By:
Ken Jones · License #3342591
(727) 510-1624
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 4:58AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This property features an 8,410± SF light industrial warehouse situated on 2.64 acres in Fort Pierce. Constructed in 1958 with concrete block, the warehouse offers an approximate 14' clear ceiling height. Multiple grade-level/drive-in doors facilitate efficient loading and operations. The Light Industrial (IL) zoning accommodates various uses, including contractor operations, storage, fabrication, distribution, or service businesses. The 2.64-acre parcel includes a substantial yard area suitable for equipment storage, vehicle parking, outdoor laydown, or future expansion. The property is served by well and septic. Convenient access to major transportation corridors, including I-95 and regional routes, enhances its accessibility. This property is suitable for owner-users or investors seeking functional industrial space with land.
Key Highlights
- 2.64‑acre parcel provides substantial yard area for storage, parking, or expansion.
- Light Industrial (IL) zoning allows for a variety of uses.
- Multiple grade‑level/drive‑in doors for efficient loading.
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
$71,995
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
3.69%
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%
$1,439,900
$1.4M
Cap Rate 7%
$1,028,500
$1.0M
Cap Rate 9%
$799,944
$799.9K
Market Conditions
NOI Build-Up for 8,410 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
$105.0K $12.48/SF
− Vacancy
−$20.3K −$2.41/SF
EGI
$84.7K $10.07/SF
− OpEx
−$12.7K −$1.51/SF
NOI
$72.0K $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%
$1,439,900
Cap Rate 7%
$1,028,500
Cap Rate 9%
$799,944
Alternative Uses
Best Use
Warehouse
$1.03M
$899.9K – $1.20M
NOI $71,995 @ 7.0% cap · market cap 3.69%
Second Best
Industrial
$847.0K
$741.1K – $988.2K
NOI $59,290 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,050 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Well-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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - 8,410 SF warehouse on 2.64 acres, Fort Pierce.
Where is this warehouse located?
The property is located at 415 ANGLE Rd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 2.64‑acre parcel provides substantial yard area for storage, parking, or expansion.; Light Industrial (IL) zoning allows for a variety of uses.; Multiple grade‑level/drive‑in doors for efficient loading.
