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    Fort Pierce Industrial Land Opportunity Title is generated by Realmo AI

    2525 Center Road, Fort Pierce, FL 34946

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    Claim this Listing
    For Sale
    $7,500,000

    COMMERCIAL - Fort Pierce, FL

    Property size:
    1,848 SF
    Lot size:
    56.60 Acres
    Price / SF:
    $4,058/SF
    Added:
    Jan 10, 2025
    Days on Market:
    509
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 2525 Center Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Fencing
    Fenced
    Standard status
    Active
    APN
    143113000000100
    Size
    1,848 SF
    Lot size
    56.60 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    31 34 40 W 795.1 FT OF S 1167.5 FT OF N 1217.5 FT OF SW 1/4 OF NE 1/4 AND SE 1/4 OF NW 1/4-LESS RDS AND CANALS AND LESS
    Tax Annual Amount
    48200

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Paige Gard

    Listing agent Paige Gard License #3568512

    Listing office Keller Williams Realty - Welli 1400 Corporate Center Way Second Floor, Wellington, FL

    Listing date Jan 10, 2025

    MLS# R11051797 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 56.6 acres approved for 360,000 sq ft warehouses and a recycling facility.
    • Prime location with direct access to I‑95, close to the inlet/port, and the turnpike.
    • Brownfield land with associated tax benefits.
    • Site approved for light or heavy industrial use.
    • Environmental Phase 1 and 2 completed, and other assessments paid.
    • Located 0.5 miles from a commercial TCI airport.

    Overview

    This 56.6-acre property in Fort Pierce, Florida, is suitable for businesses conducting light or heavy industrial activities. The site is approved for the construction of 360,000 sq ft of warehouses and a recycling facility. The land is designated as a Brownfield site, offering potential tax benefits. Environmental Phase 1 and 2 assessments have been completed. The property includes an existing 1,848 sqft CBS structure. It is located approximately 0.5 miles from the commercial TCI airport, providing direct access to I-95, and is near the inlet/port and the turnpike. Approximately 36 acres are zoned for Light Industrial (LI), and 20 acres are zoned for Heavy Industrial (HI).
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.374998
    Latitude
    27.4787

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    FAQs

    What type of property is this?
    Industrial land - 56.6 acres ideal for industrial use near major transportation.
    Where is this industrial land located?
    The property is located at 2525 Center Road Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 56.6 acres approved for **360,000 sq ft warehouses and a recycling facility.**; **Prime location with direct access to I‑95**, close to the inlet/port, and the turnpike.; Brownfield land with associated tax benefits.
    (561) 341-9646
    We can help!
    Listing Contact
    Paige Gard
    Real Estate License ID: 3568512
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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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