Flex Space with Two Road
For Sale
$325,000
4305 Metzger Road, Fort Pierce, FL 34947
COMMERCIAL - Fort Pierce, FL
Property Size1,293 SF
Lot Size0.94 Acres
Price / SF$251.35
Days on Market306
Property Features for 4305 Metzger Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Indust
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
8
Parking features
Boat
Fencing
Fenced, Chain Link, Gate
Directions
ORANGE AVE, NORTH ON ANGLE ROAD, WEST ON METZGER.
Subdivision
7070
Standard status
Active
APN
240711200060001
Size
1,293 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
7 35 40 BEG AT NW COR OF NW 1/4 OF NE 1/4 OF NE 1/4, TH RUN S 355 FT, TH E 100 FT, TH N 355 FT TO SEC LI, TH W 100 FT TO
Tax Annual Amount
2348
Legal Description
7 35 40 BEG AT NW COR OF NW 1/4 OF NE 1/4 OF NE 1/4, TH RUN S 355 FT, TH E 100 FT, TH N 355 FT TO SEC LI, TH W 100 FT TO
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1962
Floors in Building
1
Number of units
1
Flooring type
Terrazzo
Building materials
Block
Roof type
Composition
Listing Agency:
Coldwell Banker Paradise · Coldwell Banker Real Estate
(772) 461-3250
Listed By:
Mark Tierney · License #377987
(772) 370-4428
Added: Oct 7, 2025
Changed: Aug 4
Last Checked: Aug 8 at 10:06PM
MLS# R11130650
Copyright © 2026 BeachesMLS. 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.
Flex space opportunity on a 0.94-acre parcel featuring two road frontages and a 1200 SF concrete block home with a separate garage. The home has three bedrooms and one bathroom, along with a kitchen, a newer composition roof, terrazzo flooring, and window and wall/window unit cooling. A retention pond is on site and may be filled in for more usable space, with dirt 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 straightforward access for vehicle and machinery storage. The lot is secured with gated, fenced, chain-link fencing. Utilities include cable available, with water provided by a well and sewer via a septic tank.
Built in 1962, the property also includes parking features for a boat, with easy showing as noted in the remarks. Owner financing is the only stated financing arrangement.
The property has 100 feet of frontage on Metzger Road and approximately 60 feet of frontage on North 44th Street, providing straightforward access for vehicle and machinery storage. The lot is secured with gated, fenced, chain-link fencing. Utilities include cable available, with water provided by a well and sewer via a septic tank.
Built in 1962, the property also includes parking features for a boat, with easy showing as noted in the remarks. Owner financing is the only stated financing arrangement.
Key Highlights
- 0.94‑acre flex space parcel with two road frontages
- 1200 SF concrete block home plus separate garage
- 100 feet of frontage on Metzger Road
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
$12,538
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
3.86%
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%
$250,760
$250.8K
Cap Rate 7%
$179,114
$179.1K
Cap Rate 9%
$139,311
$139.3K
Market Conditions
NOI Build-Up for 1,293 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
$21.7K $16.80/SF
− Vacancy
−$2.4K −$1.88/SF
EGI
$19.3K $14.92/SF
− OpEx
−$6.8K −$5.22/SF
NOI
$12.5K $9.70/SF
Area
St. Lucie County, FL
Vacancy
11.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$250,760
Cap Rate 7%
$179,114
Cap Rate 9%
$139,311
Alternative Uses
Best Use
Flex RnD
$179.1K
$156.7K – $209.0K
NOI $12,538 @ 7.0% cap · market cap 3.86%
Second Best
Warehouse
$158.1K
$138.4K – $184.5K
NOI $11,069 @ 7.0% cap · market cap 3.41%
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Balanced
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?
Flex space - Flex space on 0.94 acres with a 1200 SF block home plus separate garage, fenced lot, and two road frontages.
Where is this flex space located?
The property is located at 4305 Metzger Road 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: 0.94‑acre flex space parcel with two road frontages; 1200 SF concrete block home plus separate garage; 100 feet of frontage on Metzger Road
