Industrial Flex Warehouse
865 South Kings Highway Fort Pierce, FL 34945
For Sale
$350,000
1,992 SF industrial flex condo in Fort Pierce, Florida.
Property Size1,992 SF
Price / SF$175.70
Days on Market115
Property Features for 865 South Kings Highway
General Information
- Standard status
- Active
- Size
- 1,992 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2006
Listing Agency:
SVN - Commercial Partners | Treasure Coast
(772) 202-5522
Listed By:
Sam Zuker
Source:
Svncp
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 23 at 5:48AM
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 SVN - Commercial Partners | Treasure Coast
Investment Insights
Based on property information with market context.
Located in First Source Commerce Park on Kings Highway in Fort Pierce, this industrial flex warehouse condo offers 1,992± square feet, including 1,536± square feet on the ground level and 456± square feet on the second floor. It is suitable for both investors and owner-users. The unit features 1,080± square feet of open warehouse space with 20-foot clear heights and a 10’ x 14’ grade-level overhead door, making it ideal for equipment storage, light assembly, trades, or vehicle, boat, or RV storage. The first floor includes 456± square feet of office space, consisting of three private offices and a restroom. An additional 456± square feet of second-floor office space with a restroom provides functional separation for administrative use or expanded operations. The property is zoned Industrial Light and is well-maintained. It offers easy access to major highways and is strategically located in Fort Pierce. The property is suitable for light manufacturing use and provides ample space for storage.
Key Highlights
- 1,992± SF industrial flex condo suitable for investors or owner‑users.
- Strategic location in First Source Commerce Park on Kings Highway in Fort Pierce.
- 1,080± SF open warehouse with 20‑foot clear heights and 10’ x 14’ grade‑level overhead door.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $16.80 |
| − Vacancy | −$3.7k | −$1.88 |
| EGI | $29.7k | $14.92 |
| − OpEx | −$10.4k | −$5.22 |
| NOI | $19.3k | $9.70 |
1,992 SF · lease $16.80/SF/yr · vacancy 11.20% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$275.9K
$241.5K – $321.9K
NOI $19,316 @ 7.0% cap · market cap 5.52%
Second Best
Warehouse
$243.6K
$213.2K – $284.2K
NOI $17,053 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$501.0K
$438.3K – $584.5K
NOI $35,067 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rhino Roofs
Roofing Company
Seven Foot Roofer
Roofing Company
Similar Off Market Nearby
- DiMichelli's Catering — 857 S Kings Hwy, Fort Pierce, FL 34945
- Tasty Catering Co. — 1720 Copenhaver Rd, Fort Pierce, FL 34945
FAQs
What type of property is this?
Flex space - 1,992 SF industrial flex condo in Fort Pierce, Florida.
Where is this flex space located?
The property is located at 865 South Kings Highway 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: 1,992± SF industrial flex condo suitable for investors or owner‑users.; Strategic location in First Source Commerce Park on Kings Highway in Fort Pierce.; 1,080± SF open warehouse with **20‑foot clear heights** and **10’ x 14’ grade‑level overhead door.**
