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3704 Arnold Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2026 | Listed by The Nice Agent Co | $275,000 | |
| Listed by The Nice Agent Co | |||
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2024 | Listed by One Sotheby's Int'l Realty | $150,000 | |
| Listed by One Sotheby's Int'l Realty | |||
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This .59-acre property, zoned Commercial General (CG), offers a great opportunity for various commercial developments, including a Commercial Storage Lot or other uses that are approved by St. Lucie County Planning and Zoning (Buyer to verify specific use). The property is strategically located near Indian River State College (IRSC) in Fort Pierce, Florida, which is a highly regarded institution serving the counties of Indian River, Martin, Okeechobee, and St. Lucie.
In September 2014, IRSC was recognized as one of the Top 10 Best Community Colleges in the U.S., which could make this property especially attractive for businesses looking to cater to the college community or capitalize on the area's economic growth.
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| Aug 2, 2022 | No longer available | - | |
| No longer available | |||
| Jan 27, 2022 | Listed by Coldwell Banker Paradise | $225,000 | |
| Listed by Coldwell Banker Paradise | |||
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.59 Acres with current plans to build a Commercial Storage Lot .Zoned Commercial General close to Indian River State College (IRSC)which is a state college based in Fort Pierce, Florida, which serves the counties of Indian River, Martin, Okeechobee and St. Lucie. In September 2014, the college was named as one of the ten best community colleges in the United States.Owner
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About Fort Pierce South
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