New Industrial Bay
For Sale
$250,000
7-6-6509 Saint Lucie Blvd, Fort Pierce, FL 34946
New industrial bay unit with RV amenities available for sale.
Property Size1,000 SF
Price / SF$250
Days on Market123
Property Features for 7-6-6509 Saint Lucie Blvd
General Information
Standard status
Active
Size
1,000 SF
Listing Agency:
Rennick Real Estate
(772) 562-5015
Listed By:
Steven A Rennick · License #B26024578
(772) 473-4855
Source:
Exprealty
Added: May 5
Changed: Aug 20
Last Checked: Sep 1 at 8:43PM
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 Rennick Real Estate
Investment Insights
Based on property information with market context.
This 1,000 square foot industrial bay unit, constructed in 2025, features CBS construction. It includes a 14x13 impact garage door and impact windows, along with two mini-split A/Cs. The unit is equipped with a 3-phase 100 amp electric panel, 20-foot ceilings, and LED overhead lighting. On-site bathrooms are available. The property also features an RV dump station, washdown area, and loading area. It is located just west of the Treasure Coast International Airport, providing convenient access to major highways. This unit is suitable for car enthusiasts, RV and boat owners, and those seeking a man cave.
Key Highlights
- Owner financing available with only $20K down, 7% interest, 50‑year amortization, flexible term.
- 1,000 SF industrial bay unit perfect for car enthusiasts, RV/boat owners, or a man cave.**
- Features a 14x13 impact garage door and impact windows for enhanced security and durability.
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
$11,529
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
4.61%
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%
$230,580
$230.6K
Cap Rate 7%
$164,700
$164.7K
Cap Rate 9%
$128,100
$128.1K
Market Conditions
NOI Build-Up for 1,000 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
$18.0K $18.00/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$16.5K $16.47/SF
− OpEx
−$4.9K −$4.94/SF
NOI
$11.5K $11.53/SF
Area
St. Lucie County, FL
Vacancy
8.50%
Lease Rate
$18.00 /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%
$230,580
Cap Rate 7%
$164,700
Cap Rate 9%
$128,100
Alternative Uses
Best Use
Retail
$164.7K
$144.1K – $192.2K
NOI $11,529 @ 7.0% cap · market cap 4.61%
Second Best
Flex RnD
$138.5K
$121.2K – $161.6K
NOI $9,697 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$251.5K
$220.1K – $293.4K
NOI $17,604 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34946, FL
6,793
Population
3,435
Households
2
Avg Household Size
42
Median Age
14%
College-Educated
72%
High-School Grad
15.2 sq mi
ZIP Area
447
Density / Sq Mi
$40,488
Median Household Income
$27,591
Median Earnings
$1,000
Median Rent
$128,100
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
- Healthy Harvest Catering — 3051 Industrial 25th St, Fort Pierce, FL 34946
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Frequently Asked Questions
What type of property is this?
Flex space - New industrial bay unit with RV amenities available for sale.
Where is this flex space located?
The property is located at 7-6-6509 Saint Lucie Blvd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Owner financing available with only $20K down, 7% interest, 50‑year amortization, flexible term.; 1,000 SF industrial bay unit perfect for car enthusiasts, RV/boat owners, or a man cave.**; Features a **14x13 impact garage door and impact windows** for enhanced security and durability.
