Four-Tenant Industrial
For Sale
Contact for pricing
884-890 NE Pop Tilton Pl, Jensen Beach, FL 34957
Industrial-zoned warehouse with separately metered tenant spaces and a brand-new roof.
Property Size8,100 SF
Price / SF$160.37
Days on Market493
Property Features for 884-890 NE Pop Tilton Pl
General Information
Standard status
Active
Size
8,100 SF
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Warehouse Space
8,100 SF
Building Details
Building Size
8,100 SF
Tenancy
Multi
Listing Agency:
Jeremiah Baron & Co.
(772) 260-1655
Listed By:
Mathew Crady · License #3319900
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 12:17AM
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 Jeremiah Baron & Co.
Investment Insights
Based on property information with market context.
This 8,100-square-foot warehouse is configured for four separately metered tenants and includes a brand-new roof. The property carries industrial zoning within the Jensen Park Estates subdivision, supporting warehouse, manufacturing, and distribution uses identified for the asset.
Located at 884-890 NE Pop Tilton Pl in Jensen Beach, the property sits between Stuart and Port St. Lucie and is less than 2 miles from US-1. Access is available through Industrial Blvd and Savannah Rd, providing direct connectivity to the surrounding commercial area. The multi-tenant configuration, industrial designation, and warehouse improvements create a practical setup for continued occupancy or operational use.
Located at 884-890 NE Pop Tilton Pl in Jensen Beach, the property sits between Stuart and Port St. Lucie and is less than 2 miles from US-1. Access is available through Industrial Blvd and Savannah Rd, providing direct connectivity to the surrounding commercial area. The multi-tenant configuration, industrial designation, and warehouse improvements create a practical setup for continued occupancy or operational use.
Key Highlights
- 8,100‑square‑foot warehouse
- Four separately metered tenants
- Brand‑new roof
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
$107,906
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
8.31%
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%
$2,158,120
$2.2M
Cap Rate 7%
$1,541,514
$1.5M
Cap Rate 9%
$1,198,956
$1.2M
Market Conditions
NOI Build-Up for 8,100 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
$163.3K $20.16/SF
− Vacancy
−$9.1K −$1.13/SF
EGI
$154.2K $19.03/SF
− OpEx
−$46.2K −$5.71/SF
NOI
$107.9K $13.32/SF
Area
Martin County, FL
Vacancy
5.60%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
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%
$2,158,120
Cap Rate 7%
$1,541,514
Cap Rate 9%
$1,198,956
Alternative Uses
Best Use
Warehouse
$1.87M
$1.64M – $2.18M
NOI $131,029 @ 7.0% cap · market cap 10.09%
Second Best
Industrial
$1.54M
$1.35M – $1.80M
NOI $107,906 @ 7.0% cap · market cap 8.31%
Theoretical Best
Retail
$2.13M
$1.86M – $2.48M
NOI $148,957 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34957, FL
22,955
Population
17,269
Households
1.3
Avg Household Size
59
Median Age
39%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
1,400
Density / Sq Mi
$65,658
Median Household Income
$41,973
Median Earnings
$1,518
Median Rent
$378,500
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.
Similar Off Market Nearby
- Central Marine Stuart — 200 NW Alice Ave, Stuart, FL 34994
- Extra Space Storage — 1400 NE Savannah Rd, Jensen Beach, FL 34957
- SmartStop Self Storage — 1105 NE Industrial Blvd, Jensen Beach, FL 34957
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned warehouse with separately metered tenant spaces and a brand-new roof.
Where is this warehouse located?
The property is located at 884-890 NE Pop Tilton Pl Jensen Beach, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 8,100‑square‑foot warehouse; Four separately metered tenants; Brand‑new roof
