Air-Conditioned Warehouse with Overhead
For Sale
Contact for pricing
Pending
4299 SW High Meadow Ave, Palm City, FL 34990
Wide-open, fully air-conditioned warehouse with epoxy floors, an 18' ceiling, and a 10' x 14' electric overhead door.
Property Size1,840 SF
Days on Market80
Property Features for 4299 SW High Meadow Ave
General Information
Standard status
Pending
Size
1,840 SF
Property subtype
Office, Industrial, Mixed Use
Zoning
Light Industrial - Martin County
Additional Details
Highway Access
Yes
Clear Height
18 ft
Amenities
Low POA fee
Accordion Hurricane Shutters
Restroom
Epoxy Coated Concrete Floors
Building Details
Year Built
2006
Construction
Concrete Block
Listing Agency:
Florida Commercial Enterprises
Listed By:
Alex Aydelotte · License #BK662112
(772) 263-1130
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 5 at 2:49PM
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 Florida Commercial Enterprises
Investment Insights
Based on property information with market context.
This wide-open, fully air-conditioned warehouse offers extra-clean interior condition with epoxy-coated concrete floors and an open 18’ ceiling height. The space includes a restroom and a 10’ x 14’ electric overhead door for convenient loading and access. Concrete block construction with accordion hurricane shutters supports durability, and the unit also provides ample on-site parking.
The property is located in the Palm City Business Park on High Meadow Avenue, with rear frontage on Florida’s Turnpike. Access is close and convenient to both I-95 and Florida’s Turnpike, with easy ingress/egress within the well-maintained complex.
The warehouse may also be purchased together with the adjacent 1,500 sf Unit (#4301), which features a combination of office, loft space, and warehouse area. Call the listing broker to schedule a tour.
The property is located in the Palm City Business Park on High Meadow Avenue, with rear frontage on Florida’s Turnpike. Access is close and convenient to both I-95 and Florida’s Turnpike, with easy ingress/egress within the well-maintained complex.
The warehouse may also be purchased together with the adjacent 1,500 sf Unit (#4301), which features a combination of office, loft space, and warehouse area. Call the listing broker to schedule a tour.
Key Highlights
- Fully air‑conditioned warehouse in the Palm City Business Park, built in 2006
- Epoxy coated concrete floors and wide‑open interior layout
- 18' ceiling height for warehouse storage 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
$29,765
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
5.78%
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%
$595,300
$595.3K
Cap Rate 7%
$425,214
$425.2K
Cap Rate 9%
$330,722
$330.7K
Market Conditions
NOI Build-Up for 1,840 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
$37.1K $20.16/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$35.0K $19.03/SF
− OpEx
−$5.3K −$2.85/SF
NOI
$29.8K $16.18/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /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%
$595,300
Cap Rate 7%
$425,214
Cap Rate 9%
$330,722
Alternative Uses
Best Use
Warehouse
$425.2K
$372.1K – $496.1K
NOI $29,765 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$483.4K
$423.0K – $564.0K
NOI $33,837 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34990, FL
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103.0 sq mi
ZIP Area
303
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
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
- Palm City Storage Inc — 4175 SW Martin Hwy, Palm City, FL 34990
- iStorage — 4125 SW Martin Hwy, Palm City, FL 34990
- Martin County Movers — 3833 SW Bruner Terrace, Palm City, FL 34990
- CubeSmart Self Storage — 3501 SW Martin Downs Blvd, Palm City, FL 34990
Frequently Asked Questions
What type of property is this?
Warehouse - Wide-open, fully air-conditioned warehouse with epoxy floors, an 18' ceiling, and a 10' x 14' electric overhead door.
Where is this warehouse located?
The property is located at 4299 SW High Meadow Ave Palm City, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Fully air‑conditioned warehouse in the Palm City Business Park, built in 2006; Epoxy coated concrete floors and wide‑open interior layout; 18' ceiling height for warehouse storage and operations
