Self-Storage Development
For Sale
Contact for pricing
500 N 39th St, Fort Pierce, FL 34947
Self-storage development in St. Lucie County, completion estimated July 2025.
Property Size41,000 SF
Price / SF$85.37
Days on Market870
Property Features for 500 N 39th St
General Information
Standard status
Active
Size
41,000 SF
Class
A
Property subtype
Self Storage
Zoning
Industrial commercial
Investment Type
Owner/User
Net Operating Income
$450,000
Building Details
Year Built
2025
Buildings
5
Stories
1
Units
413
Listing Agency:
Florida R.E. Acquisitions LLC
Listed By:
Larysa Torkaman · License #3138115
(561) 909-9575
Source:
Crexi
Added: Jun 3, 2024
Changed: Oct 13
Last Checked: Oct 19 at 6:00AM
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 Florida R.E. Acquisitions LLC
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Investment Insights
Based on property information with market context.
This self-storage development opportunity is located in St. Lucie County, within the Treasure Coast area, which is experiencing a population growth of 15-20% per year. The property is strategically situated in a busy residential neighborhood with over 4,000 new homes and the largest RV and boat storage facility in the area. The estimated completion date for the development is July 15th, 2025. The property has a size of 41,000 square feet.
Key Highlights
- Strategically located in a rapidly growing area (TREASURE COAST population growth 15‑20%/year).
- Located in busy residential neighborhoods with +4,000 new homes.
- Largest RV and boat storage in the area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$289,048
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,780,960
$5.8M
Cap Rate 7%
$4,129,257
$4.1M
Cap Rate 9%
$3,211,644
$3.2M
Market Conditions
NOI Build-Up for 41,000 SF
Gross rent
$511.7K $12.48/SF
− Vacancy
−$98.8K −$2.41/SF
EGI
$412.9K $10.07/SF
− OpEx
−$123.9K −$3.02/SF
NOI
$289.0K $7.05/SF
Area
St. Lucie County, FL
Vacancy
19.30%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,780,960
Cap Rate 7%
$4,129,257
Cap Rate 9%
$3,211,644
Alternative Uses
Best Use
Self Storage
$6.56M
$5.74M – $7.66M
NOI $459,430 @ 7.0% cap · market cap 13.13%
Second Best
Industrial
$4.13M
$3.61M – $4.82M
NOI $289,048 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$10.31M
$9.02M – $12.03M
NOI $721,764 @ 7.0% cap · market cap 20.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 34947, FL
13,933
Population
4,691
Households
3
Avg Household Size
32
Median Age
19%
College-Educated
81%
High-School Grad
9.7 sq mi
ZIP Area
1,436
Density / Sq Mi
$44,985
Median Household Income
$31,968
Median Earnings
$1,125
Median Rent
$202,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage development in St. Lucie County, completion estimated July 2025.
Where is this self storage facility located?
The property is located at 500 N 39th St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Strategically located in a rapidly growing area (TREASURE COAST population growth 15‑20%/year).; Located in busy residential neighborhoods with +4,000 new homes.; Largest RV and boat storage in the area.
