Commercial Property with US-1
For Sale
Contact for pricing
3361 S US Hwy 1, Fort Pierce, FL 34982
3.84 acres with warehouses, storage yard, and US-1 frontage.
Property Size8,960 SF
Lot Size3.84 Acres
Price / SF$318.08
Days on Market728
Property Features for 3361 S US Hwy 1
General Information
Standard status
Active
Size
8,960 SF
Lot size
3.84 Acres
Property subtype
Industrial, Self Storage, Special Purpose
Zoning
(CG) Commercial General
Lease Type
Gross
Building Details
Year Built
1964
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Lambert Commercial Real Estate Inc
(407) 694-6562
Listed By:
David Stephens · License #BK 3464341
Source:
Crexi
Added: Aug 15, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:09AM
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 Lambert Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This commercial property, situated in a centralized location, offers immediate access to US-1. The property spans 3.84 acres and features 100 feet of frontage on US Hwy 1, extending to a depth of 1,373 feet. It includes a 5,760 square foot multi-tenant warehouse and a 3,200 square foot single-tenant warehouse. Constructed in 1964 and 1981, the buildings are 100% fully leased with multiple tenants. The property is fully fenced and gated, providing a storage yard with a high level of security and visibility. Monument signage is located directly on US-1. The zoning is (CG) Commercial General. Utilities include FPUA water, septic, and FPL electric. Real estate taxes were $14,958.46 in 2023. Potential uses include RV, boat, and trailer storage income.
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
$100,402
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
3.52%
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%
$2,008,040
$2.0M
Cap Rate 7%
$1,434,314
$1.4M
Cap Rate 9%
$1,115,578
$1.1M
Market Conditions
NOI Build-Up for 8,960 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
$155.9K $17.40/SF
− Vacancy
−$12.5K −$1.39/SF
EGI
$143.4K $16.01/SF
− OpEx
−$43.0K −$4.80/SF
NOI
$100.4K $11.21/SF
Area
St. Lucie County, FL
Vacancy
8.00%
Lease Rate
$17.40 /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%
$2,008,040
Cap Rate 7%
$1,434,314
Cap Rate 9%
$1,115,578
Alternative Uses
Best Use
Self Storage
$1.43M
$1.26M – $1.67M
NOI $100,402 @ 7.0% cap · market cap 3.52%
Second Best
Warehouse
$1.10M
$958.8K – $1.28M
NOI $76,703 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,732 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
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
- Self-Storage at U-Haul — 3626 S US Hwy 1, Fort Pierce, FL 34982
- St.Lucie RV and Boat storage — 3385 S US Hwy 1, Fort Pierce, FL 34982
- Barrel Road Storage — 924 Barrel Ave, Fort Pierce, FL 34982
- Wildar RV, Boat, and Trailer Storage — 3502 S US Hwy 1, Fort Pierce, FL 34982
- Arnoff Moving And Storage — 3620 us-1, fort pierce, fl 34982
Frequently Asked Questions
What type of property is this?
Warehouse - 3.84 acres with warehouses, storage yard, and US-1 frontage.
Where is this warehouse located?
The property is located at 3361 S US Hwy 1 Fort Pierce, FL.
What is the asking price?
The asking price for this property is $2,850,000.
