New Industrial Units For
For Sale
Contact for pricing
6509 St Lucie Blvd, Fort Pierce, FL 34946
Small bay industrial units with low interest financing available.
Property Size1,400 SF
Price / SF$270
Days on Market783
Property Features for 6509 St Lucie Blvd
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Industrial
Zoning
IL
Lease Type
Gross
Building Details
Year Built
2024
Buildings
8
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Treasure Coast Vault
Listed By:
Walter McBride · License #General Contractor/Developer
Source:
Crexi
Added: Jun 21, 2024
Changed: Aug 8
Last Checked: Aug 12 at 12:51PM
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 Treasure Coast Vault
Investment Insights
Based on property information with market context.
New CBS storm-rated industrial business units are available for purchase. These air-conditioned units range from 1400 to 1540 square feet and feature a 13-foot wide by 14-foot high storm-rated garage door with a commercial opener, along with storm-rated windows. Each unit includes a bathroom. The units have a 20-foot ceiling height and a 3-phase 125 amp panel with space for adding equipment. LED overhead lighting and standard 110-volt outlets are installed throughout. The property offers ample parking and three dedicated loading areas, with large travel lanes to accommodate access with trailers, trucks, or RVs. An RV dump station is located on-site. The location provides convenient access to I-95 and the Turnpike within 7 minutes. Multiple units can be connected to create larger spaces. The property is located at 6509 St Lucie Blvd, Fort Pierce, FL 34946.
Key Highlights
- New, storm‑rated CBS construction (built in 2024) with air‑conditioned units ranging from 1400‑1540 sq ft.
- Low interest financing available.
- 13 ft wide x 14 ft high storm‑rated garage door with commercial opener.
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
$11,985
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
3.17%
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%
$239,700
$239.7K
Cap Rate 7%
$171,214
$171.2K
Cap Rate 9%
$133,167
$133.2K
Market Conditions
NOI Build-Up for 1,400 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
$17.5K $12.48/SF
− Vacancy
−$3.4K −$2.41/SF
EGI
$14.1K $10.07/SF
− OpEx
−$2.1K −$1.51/SF
NOI
$12.0K $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%
$239,700
Cap Rate 7%
$171,214
Cap Rate 9%
$133,167
Alternative Uses
Best Use
Warehouse
$171.2K
$149.8K – $199.8K
NOI $11,985 @ 7.0% cap · market cap 3.17%
Second Best
Industrial
$141.0K
$123.4K – $164.5K
NOI $9,870 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$352.1K
$308.1K – $410.8K
NOI $24,646 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 34946, FL
6,793
Population
3,435
Households
2
Avg Household Size
42
Median Age
14%
College-Educated
72%
High-School Grad
15.2 sq mi
ZIP Area
447
Density / Sq Mi
$40,488
Median Household Income
$27,591
Median Earnings
$1,000
Median Rent
$128,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Small bay industrial units with low interest financing available.
Where is this warehouse located?
The property is located at 6509 St Lucie Blvd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $378,000.
What are key features of this property?
This property features: New, storm‑rated CBS construction (built in 2024) with air‑conditioned units ranging from 1400‑1540 sq ft.; Low interest financing available.; 13 ft wide x 14 ft high storm‑rated garage door with commercial opener.
