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    500 39Th St Fort Pierce, FL 34947

    For Sale
    $5,500,000

    Class A, 413-unit facility, high ROI

    Property size:
    41,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A self-storage facility, totaling 41,000 square feet across five single-story buildings, presents a compelling investment opportunity. Located on a 3.6-acre lot at 500 N 39th St, Fort Pierce, FL 34947, this property boasts 413 units with a 14-foot ceiling height. Currently vacant, the facility is projected to open January 15, 2025, and offers a pro-forma NOI of $500,000, translating to a 9.09% pro-forma capitalization rate. The asking price is $5,500,000, or $250 per square foot. Situated in a high-growth area of St. Lucie County, this property benefits from a strong demand for self-storage, fueled by the addition of over 4,000 new homes in nearby residential neighborhoods. Its strategic location also makes it the largest RV and boat storage facility in the area. The property is offered as an owner/user investment with a joint venture ownership structure. This is a rare opportunity to acquire a brand-new, modern self-storage facility in a thriving market. The property is not subject to a ground lease.

    Property Features for 500 39Th St

    General Information

    Property type
    Self storage facilities
    Square Feet
    41,000 SF
    Class
    A
    Lot Size
    156,816 SF

    Building Details

    Year Built
    2025
    Buildings
    5
    Stories
    1
    Units
    413

    HighLights

    • $5,500,000 asking price for a Class A, 41,000 square foot self‑storage facility.
    • 413 units in five, single‑story buildings on a 3.6‑acre lot, with 14‑foot ceilings.
    • Projected 9.09% pro‑forma cap rate, generating $500,000 pro‑forma NOI.
    • Located in Fort Pierce, FL (34947), in a high‑growth area near 4,000+ new homes and the largest RV/boat storage facility.
    • Vacant upon completion, projected for January 15, 2025; owner/user or joint venture investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.36417900401
    Latitude
    27.45298322221

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    FAQs

    What type of property is this?
    Self storage facility - Class A, 413-unit facility, high ROI
    Where is this self storage facility located?
    The property is located at 500 39Th St Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: $5,500,000 asking price for a Class A, 41,000 square foot self-storage facility.; 413 units in five, single-story buildings on a 3.6-acre lot, with 14-foot ceilings.; Projected 9.09% pro-forma cap rate, generating $500,000 pro-forma NOI.
    (561) 909-9575
    Request Owner's contact information
    500 39Th St Fort Pierce, FL 34947
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    Fort Pierce, FL 34947
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 39Th St Fort Pierce, FL 34947
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