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Property profile & analytics
FOR LEASE
Warehouses
3500 Enterprise Rd, Fort Pierce, FL 34982
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5078362
For Lease
1 / 4
$10 SF/Yr
3500 Enterprise Rd, Fort Pierce, FL 34982
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Property summary
AI-generated overview
This exceptional 56,834-square-foot industrial property in Fort Pierce, Florida, presents a rare leasing opportunity. Situated on 7.67 acres and zoned I-1 Industrial Light (APN 2428-502-0027-000-6, St Lucie County), this single-tenant facility boasts a versatile design ideal for cold storage, warehouse, and distribution operations. The building includes 14,120 square feet of dedicated cold storage space, complemented by 3,720 square feet of climate-controlled warehouse area. Seven dock-high doors and a dual-sided loading platform ensure efficient loading and unloading. Ample 3-phase power is available. A substantial 14,100+ square foot canopy provides additional covered space. Strategically located on Enterprise Road with access from Oleander Avenue, this property offers easy access to I-95, the Florida Turnpike, and major roadways like 25th Street and US-1, providing seamless connectivity throughout the Treasure Coast and beyond. This is a prime location for businesses seeking efficient logistics and distribution capabilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
METAL FRAME
Total area
38,994 SF
Lot
7.67 ac (334,018 SF)
Zoning code
LIGHT INDU
APN
2428-502-0027-000-6
UPID
US18-5078362
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Red Tomato Packers Food Market Specialty Food Shop
-
Adina Skin Care Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.27M
CAP Approach
CAP
$5.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.27M
Owner & transaction history
Marvid Corporation · 1 yrs held
Marvid Corporation
since 2025
Last sale
$6.9M
6 recorded transactions
Zoning & alternative use
LIGHT INDU · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.8M
+85.8%
Retail stores
$7.9M
+66.2%
Medical building
$7.4M
+56.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Pierce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Pierce submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,075,000
ML approach
$6,270,000
CAP Approach
CAP Return
Estimation
6%
$5,565,000
6.5%
$5,135,000
7%
$4,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,735,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,800,000
Change: +86% · Conversion: Moderate
RETAIL STORES
$7,870,000
Change: +66% · Conversion: Moderate
MEDICAL BUILDING
$7,395,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$6,945,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,625,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$6.27M
Range $5.64M – $6.89M · ±10% · vs last sale $6.93M (Dec 12 2024)
Last sale anchor
$6.93M
Dec 12 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$161 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$77,481
Tax year 2023
Assessed value
$3,170,700
Assessed 2023
Previous assessed
$3,170,700
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$1,653,400
Assessed improvement
$1,517,300
Land market value
$1,653,400
Improvement market value
$1,517,300
Total market value
$3,170,700
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1971
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
1
Rooms
6
Bathrooms
3
Total area
38,994 SF
Lot
7.67 ac (334,018 SF)
Zoning code
LIGHT INDU
APN
2428-502-0027-000-6
UPID
US18-5078362
Jurisdiction
ST LUCIE
Zoning & alternative use
LIGHT INDU · Fort Pierce, FL
Zoning LIGHT INDU · permitted uses
LIGHT INDU · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Pierce. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
RETAIL STORES
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.4M
OFFICE BUILDING
Est. value
$6.9M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
6
Bathrooms
3
Lot
7.67 ac
Current owner
From public records · entity-resolved
Marvid Corporation
Entity
Free & Clear · 1 yrs held
Mailing address
16711 COLLINS AVE APT #1701, SUNNY ISLES BEACH, FL 33160-4260
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$6,925,000
Marvid Corporation
3500 Enterprise LLC
Warranty Deed
—
Jul 25, 2022
$5,900,000
3500 Enterprise LLC
3500 Master Mind LLC
Special Warranty Deed
—
Jul 25, 2022
—
3500 Master Mind LLC
Big Red Tomato Packers LLC
Correction Deed
related
—
May 6, 2022
$3,500,000
3500 Master Mind LLC
Big Red Tomato Packers LLC
Special Warranty Deed
—
Jun 29, 2000
$86,000
Big Red Tomato Packers LLC
Big Red Tomato Packers
Quit Claim Deed
related
—
—
—
Big Red Tomato Packers LLC
—
Deed Of Trust
related
$750,000 · Pnc Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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