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    FOR SALE
    Warehouses

    3802 Oleander Ave, Fort Pierce, FL 34982

    4,020 SF 0.92 ac lot Built 1985
    Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-5216755
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a multi-tenant property located at 3802 Oleander Avenue in Fort Pierce, Florida, 34982. The property, built in 1973, encompasses a total of 5,520 square feet and sits on a 0.92-acre lot with a fully paved parking area. The complex comprises six units, offering a diverse range of uses. A significant portion of the property consists of a 4,020 square foot industrial warehouse building featuring five bays. Four of these bays have been fully finished with drywall and insulation, equipped with two 5-ton air conditioning units, and are currently utilized as an auditorium. An additional 1,620 square foot office building is also included, currently operating as a veterinary medical center. The property benefits from a fenced-in area and is situated on busy Oleander Avenue, ensuring high visibility and accessibility. The asking price for this lucrative investment is $1,499,999. This property offers a unique blend of industrial and office space, presenting a strong potential for rental income and future appreciation. The existing tenants provide a stable income stream, while the versatile layout allows for adaptability to changing market demands. This is a rare opportunity to acquire a well-maintained, multi-tenant property in a prime Fort Pierce location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1985
    Construction CONCRETE BLOCKS
    Total area 4,020 SF
    Lot 0.92 ac (39,984 SF)
    Zoning code INDUSTRIAL
    APN 2434-601-0064-500-5
    UPID US18-5216755
    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
    • Rescue Adoption, Inc. Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $530k
    Comparable Approach Comparable
    $610k
    Blend (final) Blend
    $530k
    Owner & transaction history
    Asamblea De Jesucristo Interna · 7 yrs held
    Asamblea De Jesucristo Interna
    since 2018
    4 recorded transactions
    2018
    $470,000
    2005
    1999
    $141,000
    1998
    $108,000
    Zoning & alternative use
    INDUSTRIAL · Fort Pierce, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $810,000 +66.2%
    Medical building $765,000 +56.2%
    Office building $715,000 +46.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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