Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3250 Saint Lucie Blvd, Fort Pierce, FL 34946 Fort Pierce, FL 34946

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3250 Saint Lucie Blvd, Fort Pierce, FL 34946 Fort Pierce, FL 34946

    View on Map
    • Industrial properties
    For Sale
    $8,200,000
    View Listing →
    Runway's End Commerce Center For Sale
    $8,200,000
    25,000 SF

    Runway's End Commerce Center

    Runway’s End Commerce Center | Industrial property

    3250 Saint Lucie Blvd, Fort Pierce, FL 34946, Fort Pierce, FL 34946
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 3250 Saint Lucie Blvd, Fort Pierce, FL 34946

    Year built
    2007
    Property type
    Industrial properties

    Description

    Runway’s End Commerce Center is an exceptionally well built light industrial property. The property features two tilt wall concrete buildings built in 2007. With 20,000 SF of 1st floor area and about 5,000 SF of second floor and mezzanine space in each building these buildings were original designed for multiple tenants, but built out as a single tenant in each building. The 4.57 acre site is partially fenced and gated with electronic access, a loading dock and designated outside storage areas. Currently the facility houses Islamorada Brewery and Distillery’s production facility. One building (25,000 SF) would be available for immediate occupancy and the seller would lease back the other for a short term.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    State
    Florida
    Longitude
    -80.3256056
    Latitude
    27.4467056

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      6509 St Lucie Blvd

      Flex space • 1,400 SF
      6509 St Lucie Blvd, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      672 SF

      4106 Us Highway 1

      Distribution properties • 672 SF
      4106 Us Highway 1, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      0.06 Acres

      St Lucie Blvd

      INDUSTRIAL (GENERAL) • 0.06 Acres
      St Lucie Blvd, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      31.72 Acres

      Sapp Rd

      INDUSTRIAL (GENERAL) • 31.72 Acres
      Sapp Rd, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      0.48 Acres

      Shawnee Ave

      INDUSTRIAL (GENERAL) • 0.48 Acres
      Shawnee Ave, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      0.49 Acres

      Cayuga Ave

      INDUSTRIAL (GENERAL) • 0.49 Acres
      Cayuga Ave, Fort Pierce, FL 34946
      View Details

    Similar Nearby for Sale

    • $740,000
      3,480 SF

      Income-Producing Duplex in Fort Pierce

      Income-producing duplex with industrial zoning and future potential.
      2856 Harson Way, Fort Pierce, FL 34946
      View Details
    • $308,000
      900 SF

      Reimagined Flex Building on US-1

      Adaptable flex building in growing Fort Pierce market.
      2997 Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $2,500,000

      Lakefront Property with Commercial Zoning

      Remodeled home and shop with commercial zoning near US1.
      5379 N Us Highway 1, Fort Pierce, FL 34946
      View Details
    • Contact for pricing

      Development Powerhouse Near Airport

      43.59 acres near Treasure Coast International Airport.
      3032 N 25Th St, Fort Pierce, FL 34946
      View Details
    • New
      $320,000
      Pending

      Fort Pierce Development Site

      2.14-acre dual-zoned development site ideal for commercial uses.
      Fort Pierce, FL 34946
      View Details
    • $950,000
      3,000 SF

      Fort Pierce Warehouse - $950K

      Two Units, New Construction, Prime Location
      2933 Harson Way, Fort Pierce, FL 34946
      View Details

    Similar Nearby for Lease

    • $1.93 SF/Yr
      21,019 SF

      Renovated Industrial Building with Fenced Yards

      Light industrial building with office space, overhead doors, fenced yards.
      2700 Industrial Avenue 3, Fort Pierce, FL 34946
      View Details
    • $10,000 /Mo
      4,648 SF

      Commercial Property on US Highway 1

      4-acre commercial property with 6,000 SF building space for lease.
      3535 Old Dixie Hwy, Fort Pierce, FL 34946
      View Details
    • $2,100 /Mo

      Refreshed Three-Bedroom Home Available

      Move-in ready, updated 3-bedroom, 1-bath home for rent.
      2809 Jefferson Pkwy, Fort Pierce, FL 34946
      View Details
    • $1,000 /Mo
      8,385 SF

      Office Space in Harbortown Marina

      Office space for rent in Fort Pierce, approximately 300sqft.
      2010 Harbortown Dr W, Fort Pierce, FL 34946
      View Details
    • $1,500 /Mo

      Office with Marina View

      Office space with marina view and ample parking.
      2010 Harbortown Dr, Fort Pierce, FL 34946
      View Details
    • Contact for pricing
      4,848 SF

      Restaurant Property on US1 ForRent

      Restaurant property with ample parking and frontage on US1.
      3120 S Us Highway 1, Fort Pierce, FL 34946
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3250 Saint Lucie Blvd, Fort Pierce, FL 34946
    Fort Pierce, FL 34946
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!