Indiantown Mixed-Use Development
For Sale
Contact for pricing
15803 SW Farm Road, Indiantown, FL 34956
Mixed-use development site with industrial zoning and housing potential.
Property Size7,229 SF
Lot Size3.60 Acres
Price / SF$290.50
Days on Market888
Property Features for 15803 SW Farm Road
General Information
Standard status
Active
Size
7,229 SF
Lot size
3.60 Acres
Property subtype
Industrial
Investment Type
Redevelopment
Building Details
Year Built
1969
Buildings
2
Listing Agency:
Coldwell Banker Realty - Wellington
(561) 793-3400
Listed By:
Virginia Standish · License #3387818
Source:
Crexi
Added: Mar 5, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:53AM
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 Coldwell Banker Realty - Wellington
Investment Insights
Based on property information with market context.
This property presents an opportunity to develop a mixed-use project with housing, industrial uses, and shipping access. The site, comprised of 3 parcels being sold as 1, spans approximately 7,229 square feet and includes 3.6 acres zoned for industrial use. The mixed-use designation allows for 20 housing units per acre. The property features two buildings, three-phase electric power, and a truck scale, with room for expansion and truck parking. Public utilities are available. Shipping options include CSX railroad, with an approved private rail spur across the front of the property, and truck transport. The property is located in Indiantown, Martin County, Florida, an area experiencing growth in industrial and commercial construction. It offers convenient access to shipping ports, the Palm Beaches, and other parts of Florida via State Road 710 (Kanner Highway) to the east coast and Highway 70 to the west coast and St. Lucie County. The property is situated within a federally designated Opportunity Zone, providing potential capital gains tax benefits for qualified businesses.
Key Highlights
- 20 Housing Units per Acre permitted under Mixed Use zoning.
- CSX Railroad access with approved private Rail Spur.
- Federally designated Opportunity Zone offering capital gains tax shelter.
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
$97,592
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
4.65%
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%
$1,951,840
$2.0M
Cap Rate 7%
$1,394,171
$1.4M
Cap Rate 9%
$1,084,356
$1.1M
Market Conditions
NOI Build-Up for 7,229 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
$173.5K $24.00/SF
− Vacancy
−$17.3K −$2.40/SF
EGI
$156.1K $21.60/SF
− OpEx
−$58.6K −$8.10/SF
NOI
$97.6K $13.50/SF
Area
Martin County, FL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,951,840
Cap Rate 7%
$1,394,171
Cap Rate 9%
$1,084,356
Alternative Uses
Best Use
Mixed Use
$1.39M
$1.22M – $1.63M
NOI $97,592 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$1.38M
$1.20M – $1.61M
NOI $96,303 @ 7.0% cap · market cap 4.59%
Theoretical Best
Retail
$1.90M
$1.66M – $2.22M
NOI $132,939 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 34956, FL
10,322
Population
2,488
Households
4.1
Avg Household Size
34
Median Age
10%
College-Educated
69%
High-School Grad
166.2 sq mi
ZIP Area
62
Density / Sq Mi
$57,500
Median Household Income
$25,293
Median Earnings
$927
Median Rent
$203,500
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.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use development site with industrial zoning and housing potential.
Where is this mixed-use property located?
The property is located at 15803 SW Farm Road Indiantown, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 20 Housing Units per Acre permitted under Mixed Use zoning.; CSX Railroad access with approved private Rail Spur.; Federally designated Opportunity Zone offering capital gains tax shelter.
