Industrial Land with
For Sale
$325,000
4305 Metzger Rd, Fort Pierce, FL 34947
0.94 acres with home/office, two road frontages.
Property Size1,293 SF
Lot Size0.94 Acres
Price / SF$251.35
Days on Market216
Property Features for 4305 Metzger Rd
General Information
Standard status
Active
Size
1,293 SF
Lot size
0.94 Acres
Building Details
Year Built
1962
Listing Agency:
Coldwell Banker Paradise
Listed By:
Mark Tierney · License #377987
(772) 370-4428
Source:
Thepennteam
Added: Mar 5
Changed: Oct 2
Last Checked: Oct 5 at 11:36PM
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 Coldwell Banker Paradise
Investment Insights
Based on property information with market context.
This industrial property offers an outstanding business opportunity, featuring 0.94 acres with two road frontages. The site includes a 1,200-square-foot concrete block home with a newer roof, containing 3 bedrooms, 1 bathroom, and a kitchen. A separate garage is present, suitable for use as an office and storage. A retention pond is located on the site, which may be filled in to create more usable space, with dirt available on-site to facilitate the fill. The property has 100 feet of frontage on Metzger Road and approximately 60 feet of frontage on North 44th Street, providing easy access for vehicle and machinery storage. The total area of the land is 40,946.4 square feet.
Key Highlights
- Rare industrial parcel opportunity on .94 acres
- Prime industrial location with two road frontages (Metzger Road and N 44th Street) offering easy access
- Includes a 1200 SF concrete block home with newer roof, featuring 3 bedrooms, 1 bathroom, and kitchen, suitable for office space or residential use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,116
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,320
$182.3K
Cap Rate 7%
$130,229
$130.2K
Cap Rate 9%
$101,289
$101.3K
Market Conditions
NOI Build-Up for 1,293 SF
Gross rent
$16.1K $12.48/SF
− Vacancy
−$3.1K −$2.41/SF
EGI
$13.0K $10.07/SF
− OpEx
−$3.9K −$3.02/SF
NOI
$9.1K $7.05/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,320
Cap Rate 7%
$130,229
Cap Rate 9%
$101,289
Alternative Uses
Best Use
Industrial
$130.2K
$114.0K – $151.9K
NOI $9,116 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.2K
$284.5K – $379.4K
NOI $22,762 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
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
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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?
Industrial property - 0.94 acres with home/office, two road frontages.
Where is this industrial property located?
The property is located at 4305 Metzger Rd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Rare industrial parcel opportunity on .94 acres; Prime industrial location with two road frontages (Metzger Road and N 44th Street) offering easy access; Includes a 1200 SF concrete block home with newer roof, featuring 3 bedrooms, 1 bathroom, and kitchen, suitable for office space or residential use
