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1008 Bell Ave Fort Pierce, FL 34982

Manufacturing properties Google Maps
41,979 SF 4.24 ac lot Built 1975
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$1.03M
Range $923k – $1.13M (±10%)
Property ID US18-4574561

Property summary

AI-generated overview

This exceptional Fort Pierce industrial property, located at 1008 Bell Ave, offers a substantial 46,000 square feet of warehouse space across three separate buildings. Situated on a generous 4.24 acres of land in St. Lucie County, this Light Industrial zoned complex boasts a prime location within the Fort Pierce submarket, easily accessible via Bell Ave. Built in 1975, the buildings feature a combination of concrete block and metal framed walls, complemented by durable metal roofing. The property currently has 41,500 square feet available for lease, with multiple tenancy options. One available space alone totals 31,500 square feet, providing ample room for various business needs. The property is equipped with 3-phase power, a crucial asset for many industrial operations. This versatile complex presents a significant opportunity for businesses seeking a well-located, spacious warehouse facility in a thriving Florida market. The property's size and layout offer flexibility for a variety of uses, making it an ideal choice for companies requiring substantial storage or production space. The existing infrastructure and convenient location ensure a smooth transition for any tenant. The 34982 zip code provides easy access to major transportation routes, further enhancing the property's appeal.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1975
Construction CONCRETE BLOCKS
Total area 41,979 SF
Lot 4.24 ac (184,694 SF)
Zoning code LIGHT INDU
APN 2428-502-0023-000-8
UPID US18-4574561

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.03M

Owner & transaction history

since 2021
Last sale
$1.0M
7 recorded transactions
2021
$1.0M
2018
$799,000
2005
$900,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LIGHT INDU · Fort Pierce, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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