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

    2933 Harson Way Fort Pierce, FL 34946

    • Distribution centers
    • 3,000 SF
    For Sale
    View listing
    $725,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1288621
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Distribution centers

    Property Details for 2933 Harson Way

    Year built
    2025
    Property size
    3,000 SF
    Property type
    Distribution centers

    Description

    This exceptional industrial property, located at 2933 Harson Way in Fort Pierce, Florida, presents a unique investment opportunity. Priced at $950,000, this newly constructed warehouse boasts a total of 3,000 square feet, divided into two equally sized 1,500 square foot units. Scheduled for completion in the first quarter of 2025, the building is designed with durability and functionality in mind. Construction incorporates storm-rated materials to withstand Florida's weather conditions, ensuring long-term protection. Each unit features electronic roll-up doors for convenient access, two offices providing ample workspace, and four bathrooms for employee convenience. Further enhancing the property's value are hurricane impact windows and doors, and a central air conditioning system. The property's strategic location offers easy access to transportation, with proximity to the new Treasure Coast International Airport, just 0.6 miles away. This property is ideal for end-users seeking a modern, well-equipped warehouse, investors looking for a strong return, or those participating in a 1031 exchange. The property is situated in St. Lucie County, Florida, zip code 34946. The lot size is not currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.352408
    Latitude
    27.486416

    Comparable in this City

    • $115,000

      Fort Pierce Warehouse: $115K

      Prime Industrial Warehouse, 0.32 Acres
      0 Shawnee Ave, Fort Pierce, FL 34946
      View Details
    • $329,900
      672 SF

      Fort Pierce Warehouse - $329,900

      Vacant Warehouse, Ideal for Business
      4106 Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $725,000
      3,000 SF

      New Industrial Warehouse Near Airport

      New 3,000+/- SF warehouse near Treasure Coast International Airport.
      2933 Harson Way, Fort Pierce, FL 34946
      View Details
    • $1,400,000
      2 SF

      Ready-to-Build Self-Storage Development Site

      Permitted self-storage development site ready for immediate construction.
      N Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $368,000
      1,540 SF

      Fort Pierce Flex Space For Sale

      New 1,540 sq ft flex space, ideal mancave
      6509 St Lucie Blvd, Fort Pierce, FL 34946
      View Details
    • $335,000
      1,400 SF

      Fort Pierce Flex Space: Industrial Units

      New, storm-rated flex units, 1400-1540 sq ft.
      6509 St Lucie Blvd, Fort Pierce, FL 34946
      View Details

    Similar Nearby for Sale

    • $329,900
      672 SF

      Fort Pierce Warehouse - $329,900

      Vacant Warehouse, Ideal for Business
      4106 Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $115,000

      Fort Pierce Warehouse: $115K

      Prime Industrial Warehouse, 0.32 Acres
      0 Shawnee Ave, Fort Pierce, FL 34946
      View Details
    • $725,000
      3,000 SF

      New Industrial Warehouse Near Airport

      New 3,000+/- SF warehouse near Treasure Coast International Airport.
      2933 Harson Way, Fort Pierce, FL 34946
      View Details
    • $4,200,000
      44.57 Acres

      Fort Pierce Industrial Land

      44.57 Acres, Prime Development
      3032 25Th St, Fort Pierce, FL 34946
      View Details
    • $368,000
      1,540 SF

      Fort Pierce Flex Space For Sale

      New 1,540 sq ft flex space, ideal mancave
      6509 St Lucie Blvd, Fort Pierce, FL 34946
      View Details
    • $335,000
      1,400 SF

      Fort Pierce Flex Space: Industrial Units

      New, storm-rated flex units, 1400-1540 sq ft.
      6509 St Lucie Blvd, 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
    • $2,200,000
      59,677 SF

      Fort Pierce Office/Warehouse Opportunity

      11,476 sq. ft. Class B office building for rent.
      3030 N 25Th St, Fort Pierce, FL 34946
      View Details
    • $18 SF/Yr

      New Commercial/Industrial Units For Lease

      New commercial and industrial units for lease near airport.
      2835 Hammond Rd, Fort Pierce, FL 34946
      View Details
    • $10,000 /Mo
      4,648 SF

      Fort Pierce Office/Warehouse Space

      Versatile commercial property on US 1 with high visibility.
      3535 Old Dixie Hwy, Fort Pierce, FL 34946
      View Details
    • $0.75 SF/Yr
      6,000 SF

      Fort Pierce Industrial Flex Space

      5 Acres, 6,000 SF Building, Ample Parking
      3462 Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $38 SF/Yr
      4,648 SF

      Fort Pierce Commercial Property

      Highway 1 Automotive Dealership Opportunity
      3535 Old Dixie Hwy, Fort Pierce, FL 34946
      View Details
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    Fort Pierce, FL 34946
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    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
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