Self-Storage Development
500 N 39th St Fort Pierce, FL 34947
500 N 39th St, Fort Pierce, FL, 34947
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For Sale
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Self-storage development in St. Lucie County, completion estimated July 2025.
Property Size41,000 SF
Price / SF$85.37
Days on Market779
Property Features for 500 N 39th St
General Information
- Standard status
- Active
- Size
- 41,000 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 2025
Listing agency
Florida R.E. Acquisitions LLC
(561) 909-9575
Listed by
Larysa Torkaman · License #3138115
Source
Crexi
Added: Jun 3, 2024 Updated: Jul 6 at 8:31AM Checked: Jul 20 at 3:01AM
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 R.E. Acquisitions LLC
Investment Insights
Based on property information with market context.
This self-storage development opportunity is located in St. Lucie County, within the Treasure Coast area, which is experiencing a population growth of 15-20% per year. The property is strategically situated in a busy residential neighborhood with over 4,000 new homes and the largest RV and boat storage facility in the area. The estimated completion date for the development is July 15th, 2025. The property has a size of 41,000 square feet.
Key Highlights
- Strategically located in a rapidly growing area (TREASURE COAST population growth 15‑20%/year).
- Located in busy residential neighborhoods with +4,000 new homes.
- Largest RV and boat storage in the area.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $511.7k | $12.48 |
| − Vacancy | −$98.8k | −$2.41 |
| EGI | $412.9k | $10.07 |
| − OpEx | −$123.9k | −$3.02 |
| NOI | $289.0k | $7.05 |
41,000 SF · lease $12.48/SF/yr · vacancy 19.30% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$6.56M
$5.74M – $7.66M
NOI $459,430 @ 7.0% cap · market cap 13.13%
Second Best
Industrial
$4.13M
$3.61M – $4.82M
NOI $289,048 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$10.31M
$9.02M – $12.03M
NOI $721,764 @ 7.0% cap · market cap 20.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Self-storage development in St. Lucie County, completion estimated July 2025.
Where is this self storage facility located?
The property is located at 500 N 39th St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Strategically located in a rapidly growing area (TREASURE COAST population growth 15‑20%/year).; Located in busy residential neighborhoods with +4,000 new homes.; Largest RV and boat storage in the area.
