Industrial Flex Warehouse
For Sale
$350,000
865 South Kings Highway, Fort Pierce, FL 34945
1,992 SF industrial flex condo in Fort Pierce, Florida.
Property Size1,992 SF
Price / SF$175.70
Days on Market206
Property Features for 865 South Kings Highway
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Industrial
Building Details
Building Size
1,992 SF
Year Built
2006
Listing Agency:
SVN - Commercial Partners | Treasure Coast
Listed By:
Sam Zuker
(772) 202-5522
Source:
Svn
Added: Apr 1
Changed: Oct 2
Last Checked: Oct 20 at 6:42PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$19,316
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,320
$386.3K
Cap Rate 7%
$275,943
$275.9K
Cap Rate 9%
$214,622
$214.6K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$33.5K $16.80/SF
− Vacancy
−$3.7K −$1.88/SF
EGI
$29.7K $14.92/SF
− OpEx
−$10.4K −$5.22/SF
NOI
$19.3K $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 Rate 5%
$386,320
Cap Rate 7%
$275,943
Cap Rate 9%
$214,622
Alternative Uses
Best Use
Flex RnD
$275.9K
$241.5K – $321.9K
NOI $19,316 @ 7.0% cap · market cap 5.52%
Second Best
Industrial
$200.6K
$175.6K – $234.1K
NOI $14,044 @ 7.0% cap · market cap 4.01%
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Tasty Catering Co. — 1720 Copenhaver Rd, Fort Pierce, FL 34945
- DiMichelli's Catering — 857 S Kings Hwy, Fort Pierce, FL 34945
Frequently Asked Questions
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.**
