Climate-Controlled Storage
For Sale
$595,000
Pending
861 NE Industrial Blvd, Jensen Beach, FL
Commercial Sale, Jensen Beach, FL
Property Size1,960 SF
Days on Market93
Property Features for 861 NE Industrial Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI, RS-5
Parking
7
Security features
Security
Subdivision
6030 - Jensen Beach/Stuart - North of Roosevelt Br
Standard status
Pending
APN
283741022000001800
Size
1,960 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SEE BROKER REMARKS
Tax Annual Amount
7300
Legal Description
SEE BROKER REMARKS
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
climate-controlled
gated
epoxy-coated flooring
half bath
Building Details
Year built
2020
Floors in Building
1
Number of units
1
Building materials
CBS, Concrete Block - With Stucco
Roof type
Flat
Listing Agency:
Keller Williams Realty Of The Treasure Coast
(772) 419-0400
Listed By:
Shannon Andersen · License #3290590
(772) 214-8232
Added: Jun 11
Changed: Sep 2
Last Checked: Sep 11 at 4:06PM
MLS# B26039771
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1960-square-foot self-storage unit was built in 2020 with concrete-block construction, insulation, central air conditioning, epoxy-coated flooring, and a half bath. Abundant electrical service and a dedicated 50-amp RV hookup support storage for collector vehicles, RVs, boats, and other large possessions. Entry is provided by a powered overhead door and a separate pedestrian door, while impact-resistant transom windows bring in natural light.
The unit is located within a gated complex with broad internal drive aisles designed for maneuvering trailers, boats, and other oversized vehicles. Public water and public sewer serve the property. Zoning is LI, RS-5.
The unit is located within a gated complex with broad internal drive aisles designed for maneuvering trailers, boats, and other oversized vehicles. Public water and public sewer serve the property. Zoning is LI, RS-5.
Key Highlights
- 1960 SF self‑storage unit completed in 2020
- Insulated concrete‑block construction with central air conditioning and epoxy‑coated flooring
- Dedicated 50‑amp RV hookup with abundant electrical service
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
$31,706
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
5.33%
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%
$634,120
$634.1K
Cap Rate 7%
$452,943
$452.9K
Cap Rate 9%
$352,289
$352.3K
Market Conditions
NOI Build-Up for 1,960 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
$39.5K $20.16/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$37.3K $19.03/SF
− OpEx
−$5.6K −$2.85/SF
NOI
$31.7K $16.18/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /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%
$634,120
Cap Rate 7%
$452,943
Cap Rate 9%
$352,289
Alternative Uses
Best Use
Warehouse
$452.9K
$396.3K – $528.4K
NOI $31,706 @ 7.0% cap · market cap 5.33%
Second Best
Self Storage
$295.3K
$258.4K – $344.5K
NOI $20,671 @ 7.0% cap · market cap 3.47%
Theoretical Best
Retail
$514.9K
$450.6K – $600.7K
NOI $36,044 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Purpose-built vehicle storage with air conditioning, electrical capacity, and convenient access for oversized recreational vehicles.
Where is this self storage facility located?
The property is located at 861 NE Industrial Blvd Jensen Beach, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1960 SF self‑storage unit completed in 2020; Insulated concrete‑block construction with central air conditioning and epoxy‑coated flooring; Dedicated 50‑amp RV hookup with abundant electrical service
