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    For Sale (7)

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    Established Restaurant in Shopping Plaza
    Contact for pricing

    Established Restaurant in Shopping Plaza

    Well-equipped restaurant with 25 years of successful operation.

    00000 S Jog Rd, Greenacres, FL 33467
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    Established Restaurant - Greenacres, FL
    $139,000

    Established Restaurant - Greenacres, FL

    Turnkey Restaurant, Loyal Clientele, High Profits

    00000 Jog Rd, Greenacres, FL 33467
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    Cape Coral Land For Sale
    $46,000

    Cape Coral Land For Sale

    Land available in Cape Coral, Florida.

    4106 NW 39Th St, Cape Coral, FL 33993
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    Fort Pierce Land For Sale
    Contact for pricing

    Fort Pierce Land For Sale

    Commercial land available in Fort Pierce, Florida.

    3801 Oleander Ave, Fort Pierce, FL 34982
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    Commercial Land For Sale
    Contact for pricing

    Commercial Land For Sale

    Commercial land available for sale in Fort Pierce, Florida.

    3801 Oleander Ave, Fort Pierce, FL 34982
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    Cape Coral Land For Sale
    $46,000

    Cape Coral Land For Sale

    Land available in Cape Coral, Florida.

    4350 NW 34Th Pl, Cape Coral, FL 33993
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    Boca Raton Flex Space
    $824,500

    Boca Raton Flex Space

    Two-story office/warehouse flex space in prime Boca Raton location.

    6401 E Rogers Cir, Boca Raton, FL 33487
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    For Lease (4)

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    Modern Flex Office Spaces
    $1,900 / Mo

    Modern Flex Office Spaces

    Flexible leasing options in a busy industrial corridor.

    3801 Oleander Ave, Fort Pierce, FL 34982
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    Retail Space in Ft. Pierce
    $12 SF/Yr
    12,000 SF

    Retail Space in Ft. Pierce

    Retail space available for lease in St. Lucie County.

    3801 Oleander Ave, Fort Pierce, FL 34982
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    Ft. Pierce Commercial Space
    $12 SF/Yr
    12,000 SF

    Ft. Pierce Commercial Space

    Commercial space available for lease in Ft. Pierce, Florida.

    3801 Oleander Ave, Fort Pierce, FL 34982
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    Retail Space Available For Rent
    $12 SF/Yr
    12,000 SF

    Retail Space Available For Rent

    Retail space available for rent in Ft. Pierce, Florida.

    3801 Oleander Ave, Fort Pierce, FL 34982
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    CENTURY 21 Tenace Realty
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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
    CENTURY 21 Tenace Realty
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