Warehouse Condos Near
679 Northwest Enterprise Dr Port St Lucie, FL 34986
679 Northwest Enterprise Dr, Port St Lucie, FL, 34986
Contact for pricing
For Sale
Contact for pricing
Two warehouse condos totaling 10,500 SF near I-95.
Property Size10,500 SF
Price / SF$214.29
Days on Market835
Property Features for 679 Northwest Enterprise Dr
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2006
Listing Agency
Jeremiah Baron & Co. Commercial Real Estate LLC
(772) 286-5744
Listed by
Matthew Mondo · License #FL SL3445909
Source
Crexi
Added: Apr 4, 2024 Checked: Jul 17 at 3:01 am
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 Jeremiah Baron & Co. Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Two warehouse condos are available for purchase, totaling 10,500 square feet. Each unit includes 600 square feet of office space and features 23-foot ceiling heights and three expansive roller doors. The property is equipped with 200 AMP electrical services, 3 phase power, and a fire sprinkler system. The warehouse provides two points of entry for easy navigation of large vehicles, along with ample parking. Located approximately 1.9 miles from I-95, the property is surrounded by both national and local retailers. The units are currently leased with a rent roll.
Key Highlights
- Two warehouse condos totaling 10,500 square feet.
- Conveniently located 1.9 miles from I95.
- Impressive 23’ ceiling heights.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.8k | $21.60 |
| − Vacancy | −$49.9k | −$4.75 |
| EGI | $176.9k | $16.85 |
| − OpEx | −$44.2k | −$4.21 |
| NOI | $132.7k | $12.64 |
10,500 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.21M
NOI $132,678 @ 7.0% cap · market cap 5.90%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,887 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,842 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Liquidation Center Unit ...
Big Box & Wholesale Store
Pacific Star Wholesale ...
(Bike/Boat/Book/etc) Store
Riteway Linen Services
(Bike/Boat/Book/etc) Store
Pacific Star Wholesale ...
(Bike/Boat/Book/etc) Store
Enterprise Business Center
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Extra Space Storage — NW Peacock Blvd, Port St. Lucie, FL 34986
- All Safe Storage — 440 Market Pl, Port St. Lucie, FL 34986
- SmartStop Self Storage — 501 NW Business Center Dr N, Port St. Lucie, FL 34986
- P JUNK REMOVAL,Licensed & Insured — 290 NW Peacock Blvd #882453, Port St. Lucie, FL 34986
- DeVries Moving and Storage Solutions — 440 Market Pl, Port St. Lucie, FL 34986
FAQs
What type of property is this?
Warehouse - Two warehouse condos totaling 10,500 SF near I-95.
Where is this warehouse located?
The property is located at 679 Northwest Enterprise Dr Port St Lucie, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two warehouse condos totaling 10,500 square feet.; Conveniently located 1.9 miles from I95.; Impressive 23’ ceiling heights.
