Light Industrial Warehouse with
For Sale
$1,950,000
415 ANGLE Road, Fort Pierce, FL 34947
COMMERCIAL - FORT PIERCE, FL
Property Size8,424 SF
Lot Size2.64 Acres
Price / SF$231.48
Days on Market157
Property Features for 415 ANGLE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUSTRIAL
Subdivision
METES & BOUNDS
Directions
From I-95 in Fort Pierce, take Exit 131A toward Orange Ave / FL-68 East. Merge onto Orange Ave (FL-68 E) and continue about 1.5 miles. Turn left onto N 39th St and continue about 0.3 miles. Turn right onto Angle Rd and continue about 0.2 miles. 415 Angle Rd will be on the left.
Standard status
Active
APN
24-08-213-0003-0003
Size
8,424 SF
Lot size
2.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
8 35 40 FROM SW COR OF NE 1/4 OF NW 1/4 RUN N 330 FT TO POB, TH RUN E 478 FT TO ANGLE RD R/W, TH NWLY ON R/W TO N LINE OF SW 1/4 OF NE 1/4 OF NW 1/4, TH W TO NW COR OF SW 1/4 OF NE 1/4 OF NW 1/4, TH S TO POB-LESS RD R/W- (40) (2.64 AC)
Tax Annual Amount
10471
Legal Description
8 35 40 FROM SW COR OF NE 1/4 OF NW 1/4 RUN N 330 FT TO POB, TH RUN E 478 FT TO ANGLE RD R/W, TH NWLY ON R/W TO N LINE OF SW 1/4 OF NE 1/4 OF NW 1/4, TH W TO NW COR OF SW 1/4 OF NE 1/4 OF NW 1/4, TH S TO POB-LESS RD R/W- (40) (2.64 AC)
Utilities
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Building Details
Year built
1958
Building materials
Block, Stucco
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Ken Jones · License #3342591
(727) 510-1624
Added: Mar 9
Changed: Aug 4
Last Checked: Aug 12 at 2:06PM
MLS# TB8484372
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Light industrial warehouse on a 2.64-acre lot in Fort Pierce, built in 1958. The concrete block and stucco building offers approximately 14' clear ceiling height and multiple grade-level/drive-in doors designed for efficient loading and operations. The property includes a functional amount of yard area suitable for equipment storage, vehicle parking, outdoor laydown, or future expansion. Cooling is provided via window unit(s), central air, and wall/window unit(s). The property is served by well and septic.
Zoned Industrial (IL), the site supports a variety of light industrial uses, including contractor operations, storage, fabrication, distribution, or service businesses. Convenient access to major transportation corridors including I-95 and regional routes supports both owner-user and investment plans for industrial tenants.
With its combination of warehouse capacity, drive-in loading, and outdoor land, this property can support a range of light industrial operating needs within an IL zoning environment.
Zoned Industrial (IL), the site supports a variety of light industrial uses, including contractor operations, storage, fabrication, distribution, or service businesses. Convenient access to major transportation corridors including I-95 and regional routes supports both owner-user and investment plans for industrial tenants.
With its combination of warehouse capacity, drive-in loading, and outdoor land, this property can support a range of light industrial operating needs within an IL zoning environment.
Key Highlights
- Light industrial warehouse on 2.64 acres in Fort Pierce
- Approximately 14' clear ceiling height
- Multiple grade‑level/drive‑in doors for loading and operations
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
$72,115
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
3.70%
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%
$1,442,300
$1.4M
Cap Rate 7%
$1,030,214
$1.0M
Cap Rate 9%
$801,278
$801.3K
Market Conditions
NOI Build-Up for 8,424 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
$105.1K $12.48/SF
− Vacancy
−$20.3K −$2.41/SF
EGI
$84.8K $10.07/SF
− OpEx
−$12.7K −$1.51/SF
NOI
$72.1K $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%
$1,442,300
Cap Rate 7%
$1,030,214
Cap Rate 9%
$801,278
Alternative Uses
Best Use
Warehouse
$1.03M
$901.4K – $1.20M
NOI $72,115 @ 7.0% cap · market cap 3.70%
Second Best
Industrial
$848.4K
$742.4K – $989.8K
NOI $59,389 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,296 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial warehouse on 2.64 acres with approximately 14' clear height and multiple grade-level drive-in doors.
Where is this warehouse located?
The property is located at 415 ANGLE Road 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: Light industrial warehouse on 2.64 acres in Fort Pierce; Approximately 14' clear ceiling height; Multiple grade‑level/drive‑in doors for loading and operations
