Warehouse with Tilt Wall
For Sale
Contact for pricing
837 S Kings Hwy, Fort Pierce, FL 34945
Warehouse with rear bay door access, a 2nd-floor mezzanine for storage, and ample on-site parking.
Property Size1,536 SF
Price / SF$227.86
Days on Market58
Property Features for 837 S Kings Hwy
General Information
Standard status
Active
Size
1,536 SF
Property subtype
INDUSTRIAL
Additional Details
Clear Height
20 ft
Building Details
Construction
tilt wall
Listing Agency:
SLC Commercial Realty & Development
(772) 220-4096
Listed By:
Cooper Osteen · License #3393898
(772) 332-9544
Source:
Moodyscre
Added: Jul 24
Changed: Sep 2
Last Checked: Sep 18 at 9:12AM
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 SLC Commercial Realty & Development
Investment Insights
Based on property information with market context.
This warehouse offers tilt wall construction and a 20’ clear height, providing practical volume for light industrial and storage uses. Access is available through a rear bay door, supporting straightforward loading and unloading. The property also includes a 2nd floor mezzanine for additional storage, helping maximize usable space. With ample parking on-site, the layout is designed to support day-to-day operations and visitor/worker vehicle needs.
The location is noted for interchange proximity, which can be beneficial for tenants that need efficient connectivity.
With its clear height, rear loading access, and mezzanine storage area, the building is suited to users looking for a functional warehouse configuration.
The location is noted for interchange proximity, which can be beneficial for tenants that need efficient connectivity.
With its clear height, rear loading access, and mezzanine storage area, the building is suited to users looking for a functional warehouse configuration.
Key Highlights
- Tilt wall construction with 20’ clear height
- Rear bay door access for loading and unloading
- 2nd floor mezzanine storage
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
$13,149
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
3.76%
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%
$262,980
$263.0K
Cap Rate 7%
$187,843
$187.8K
Cap Rate 9%
$146,100
$146.1K
Market Conditions
NOI Build-Up for 1,536 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
$19.2K $12.48/SF
− Vacancy
−$3.7K −$2.41/SF
EGI
$15.5K $10.07/SF
− OpEx
−$2.3K −$1.51/SF
NOI
$13.1K $8.56/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
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%
$262,980
Cap Rate 7%
$187,843
Cap Rate 9%
$146,100
Alternative Uses
Best Use
Warehouse
$187.8K
$164.4K – $219.2K
NOI $13,149 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.3K
$338.0K – $450.7K
NOI $27,040 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34945, FL
5,831
Population
2,026
Households
2.9
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
217.4 sq mi
ZIP Area
27
Density / Sq Mi
$72,941
Median Household Income
$36,180
Median Earnings
$747
Median Rent
$285,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with rear bay door access, a 2nd-floor mezzanine for storage, and ample on-site parking.
Where is this warehouse located?
The property is located at 837 S Kings Hwy Fort Pierce, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Tilt wall construction with 20’ clear height; Rear bay door access for loading and unloading; 2nd floor mezzanine storage
