Light Industrial
For Sale
$1,950,000
415 ANGLE Road, Fort Pierce, FL 34947
Commercial Sale, FORT PIERCE, FL
Property Size8,410 SF
Lot Size2.64 Acres
Price / SF$231.48
Days on Market202
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
Central Air, Window Unit(s), 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: Sep 12
Last Checked: Sep 26 at 11:06PM
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.
This warehouse property includes a concrete-block building constructed in 1958 on a 2.64-acre parcel. The facility offers approximately 14 feet of clear height, multiple grade-level drive-in doors, and a combination of central air and wall or window unit cooling. The site also includes well and septic service.
The property is located in Fort Pierce, Florida, with access to I-95 and regional transportation routes. Its acreage provides room for equipment storage, vehicle parking, outdoor laydown, or future expansion, subject to applicable approvals. The configuration supports industrial operations requiring both enclosed space and usable yard area.
The property is located in Fort Pierce, Florida, with access to I-95 and regional transportation routes. Its acreage provides room for equipment storage, vehicle parking, outdoor laydown, or future expansion, subject to applicable approvals. The configuration supports industrial operations requiring both enclosed space and usable yard area.
Key Highlights
- 2.64‑acre industrial parcel in Fort Pierce
- Concrete‑block warehouse constructed in 1958
- Approximately 14' clear ceiling height
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
—
—
no second resolved use
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
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Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
297
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Fortress Rv And Boat Storage — 4501 Orange Ave, Fort Pierce, FL 34947
- Fort Pierce Storage and RV Parking — 4400 Metzger Rd, Fort Pierce, FL 34947
- Treasure Coast Moving And Storage — 4400 Metzger Rd, Fort Pierce, FL 34947
- U-Lock-It Storage Inc — 1166 Angle Rd, Fort Pierce, FL 34947
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete-block industrial facility with drive-in loading and a large supporting land component.
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: 2.64‑acre industrial parcel in Fort Pierce; Concrete‑block warehouse constructed in 1958; Approximately 14' clear ceiling height
