Industrial Bay with Impact Garage
For Sale
$250,000
7-9-6509 Saint Lucie Blvd, Fort Pierce, FL 34946
New CBS industrial bay with impact openings, high ceilings, and onboard RV dump and washdown capabilities.
Property Size1,000 SF
Price / SF$250
Days on Market110
Property Features for 7-9-6509 Saint Lucie Blvd
General Information
Standard status
Active
Size
1,000 SF
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Listing Agency:
Rennick Real Estate
(772) 473-4855
Listed By:
Steven A Rennick · License #B26024552
(772) 473-4855
Source:
Exprealty
Added: May 5
Changed: Aug 20
Last Checked: Aug 22 at 11:02AM
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.
Newly built in 2025, this CBS industrial bay unit is designed for users who need both storage and dedicated exterior-style vehicle access. The unit includes a 14x13 impact garage door and impact windows, 20 ft ceilings, and LED overhead lighting. For climate control, it has two mini-split A/C units, and it’s served by a 3-phase 100 amp electric panel. On site, you’ll find bathrooms plus a loading area configured to support the property’s RV dump station with washdown.
The property is located just west of the Treasure Coast International Airport and offers convenient access to major highways, supporting a practical flow for deliveries, service, and occasional maintenance traffic.
This setup can work well for industrial users seeking a modern, self-contained bay, as well as for hobbyists and collectors who want engineered storage for specialty vehicles, with the added convenience of an on-site dump and washdown feature. Owner financing is mentioned as available with flexible terms, making it potentially accessible for qualified buyers looking to secure a unit built for year-round usability.
The property is located just west of the Treasure Coast International Airport and offers convenient access to major highways, supporting a practical flow for deliveries, service, and occasional maintenance traffic.
This setup can work well for industrial users seeking a modern, self-contained bay, as well as for hobbyists and collectors who want engineered storage for specialty vehicles, with the added convenience of an on-site dump and washdown feature. Owner financing is mentioned as available with flexible terms, making it potentially accessible for qualified buyers looking to secure a unit built for year-round usability.
Key Highlights
- 2025‑built CBS 1,000 SF industrial bay unit with 20 ft ceilings and LED overhead lighting
- 14x13 impact garage door plus impact windows throughout
- Two mini split A/C units for climate control
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
$9,697
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
3.88%
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%
$193,940
$193.9K
Cap Rate 7%
$138,529
$138.5K
Cap Rate 9%
$107,744
$107.7K
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
$16.8K $16.80/SF
− Vacancy
−$1.9K −$1.88/SF
EGI
$14.9K $14.92/SF
− OpEx
−$5.2K −$5.22/SF
NOI
$9.7K $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%
$193,940
Cap Rate 7%
$138,529
Cap Rate 9%
$107,744
Alternative Uses
Best Use
Flex RnD
$138.5K
$121.2K – $161.6K
NOI $9,697 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$100.7K
$88.1K – $117.5K
NOI $7,050 @ 7.0% cap · market cap 2.82%
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
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
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.
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Frequently Asked Questions
What type of property is this?
Flex space - New CBS industrial bay with impact openings, high ceilings, and onboard RV dump and washdown capabilities.
Where is this flex space located?
The property is located at 7-9-6509 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: 2025‑built CBS 1,000 SF industrial bay unit with 20 ft ceilings and LED overhead lighting; 14x13 impact garage door plus impact windows throughout; Two mini split A/C units for climate control
