New Self-Storage
For Sale
Contact for pricing
5010-5014 Turnpike Feeder Rd, Fort Pierce, FL 34951
Newly constructed self-storage facility with Commercial Neighborhood zoning in Fort Pierce.
Property Size20,400 SF
Lot Size1.46 Acres
Price / SF$161.76
Days on Market10
Property Features for 5010-5014 Turnpike Feeder Rd
General Information
Standard status
Active
Size
20,400 SF
Lot size
1.46 Acres
Property subtype
Self Storage
Zoning
Commercial Neighborhood
Building Details
Year Built
2026
Units
107
Listing Agency:
Cushman & Wakefield - Stuart
(772) 286-6292
Listed By:
Douglas Legler · License #FL BK3160171
Source:
Crexi
Added: Aug 7
Changed: Aug 13
Last Checked: Aug 13 at 3:22AM
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 Cushman & Wakefield - Stuart
Investment Insights
Based on property information with market context.
This self-storage facility contains 20,400 SF across 1.46 acres and was built in 2026. The property is identified as Commercial Neighborhood zoning, providing a defined commercial land-use designation for the asset.
Located at 5010-5014 Turnpike Feeder Rd in Fort Pierce, Florida, the facility is offered for sale as a recently developed commercial property. Its physical scale, site area, construction date, and zoning provide a clear overview of the asset for prospective purchasers.
Located at 5010-5014 Turnpike Feeder Rd in Fort Pierce, Florida, the facility is offered for sale as a recently developed commercial property. Its physical scale, site area, construction date, and zoning provide a clear overview of the asset for prospective purchasers.
Key Highlights
- 20,400 SF self‑storage facility
- Situated on 1.46 acres
- Built in 2026
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
$228,594
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
6.93%
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%
$4,571,880
$4.6M
Cap Rate 7%
$3,265,629
$3.3M
Cap Rate 9%
$2,539,933
$2.5M
Market Conditions
NOI Build-Up for 20,400 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
$355.0K $17.40/SF
− Vacancy
−$28.4K −$1.39/SF
EGI
$326.6K $16.01/SF
− OpEx
−$98.0K −$4.80/SF
NOI
$228.6K $11.21/SF
Area
St. Lucie County, FL
Vacancy
8.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$4,571,880
Cap Rate 7%
$3,265,629
Cap Rate 9%
$2,539,933
Alternative Uses
Best Use
Self Storage
$3.27M
$2.86M – $3.81M
NOI $228,594 @ 7.0% cap · market cap 6.93%
Second Best
Warehouse
$2.49M
$2.18M – $2.91M
NOI $174,637 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$5.13M
$4.49M – $5.99M
NOI $359,122 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 34951, FL
15,357
Population
8,305
Households
1.8
Avg Household Size
56
Median Age
21%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
632
Density / Sq Mi
$63,214
Median Household Income
$35,597
Median Earnings
$1,186
Median Rent
$229,600
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.
Frequently Asked Questions
What type of property is this?
Self storage facility - Newly constructed self-storage facility with Commercial Neighborhood zoning in Fort Pierce.
Where is this self storage facility located?
The property is located at 5010-5014 Turnpike Feeder Rd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 20,400 SF self‑storage facility; Situated on 1.46 acres; Built in 2026
